Key Performance Indicators (KPIs) for Predicting Project Delay
The following key performance indicators (KPIs) provide an overall health assessment of a project to predict delay:
- Predicted delay likelihood: Indicates how likely it is that a project will be delayed upto 20% of its planned duration. For example, the likelihood of delay of the Haitang Corporate Park project over 104 days is 31%.
- Predicted delay activities: Reflects the percentage of activities that are contributing to a project delay. For example, no delays are predicted in the Haitang Corporate Park at 0%.
- Schedule assessment: Identifies the percentage of activities in the project schedule that do not conform to schedule parameters set by your organization. For example, the 38% of 73 activities do not conform as per in the Schedule Assessment evaluated for the Haitang Corporate Park project.
Using the information from all the KPIs, the following insight can be drawn for the Haitang Corporate Park project: This project has a 31% chance of being delayed over 104 days with no activities responsible for the delay. Moreover, the underlying project schedule has 38% activities with some planning issues.
Select any KPI to review details of a specific project.
Note: CIC Advisor is delivered with predetermined thresholds that determine the color of each KPI or metric. These threshold settings are specified in the administration application of Construction Intelligence Cloud Advisor which can also be modified according to the needs of your organization. To change the value or range of thresholds for Delay Likelihood, Delay Activity Count , or Schedule assessment, contact your Construction Intelligence Cloud Advisor administrator.
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Last Published Thursday, December 7, 2023