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KPI Library
Navigate your organization to excellence with 15,468 KPIs at your fingertips.




Why use the KPI Library?

Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

This vast range of KPIs across various industries and functions offers the flexibility to tailor Performance Management and Measurement to the unique aspects of your organization, ensuring more precise monitoring and management.

Each KPI in the KPI Library includes 12 attributes:

  • KPI definition
  • Potential business insights [?]
  • Measurement approach/process [?]
  • Standard formula [?]
  • Trend analysis [?]
  • Diagnostic questions [?]
  • Actionable tips [?]
  • Visualization suggestions [?]
  • Risk warnings [?]
  • Tools & technologies [?]
  • Integration points [?]
  • Change impact [?]
It is designed to enhance Strategic Decision Making and Performance Management for executives and business leaders. Our KPI Library serves as a resource for identifying, understanding, and maintaining relevant competitive performance metrics.

Need KPIs for a function not listed? Email us at support@flevy.com.


We have 38 KPIs on ISO 24510 in our database. KPIs for ISO 24510 implementation focus on the quality and sustainability of water services. They track water quality, service reliability, and environmental impact.

These metrics are essential for managing water resources, ensuring the delivery of safe water, and promoting sustainable practices. KPIs support the efficient and responsible provision of water services. They are key for organizations involved in water management to ensure the health and satisfaction of consumers and the protection of the environment.

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KPI Definition Business Insights [?] Measurement Approach Standard Formula
Asset Condition Assessment Coverage

More Details

The percentage of water utility assets that have undergone condition assessment, indicating proactive infrastructure management. Enables understanding of asset health and helps prioritize maintenance and replacement, informing asset management strategies. Percentage of assets assessed out of total assets; typically includes age, condition, criticality, and performance data. (Total Assets Assessed / Total Asset Count) * 100
Asset Management Efficiency

More Details

The ratio of effective asset lifecycle management processes to total assets, indicating the utility's ability to manage and maintain its infrastructure. Reveals how well the utility is managing its assets relative to their value, highlighting areas to optimize spending and improve ROI. Compares the cost-effectiveness of asset management activities against the value of assets being managed; may include O&M costs and asset base value. Total Cost of Asset Management / Total Value of Assets Managed
Average Response Time to Service Interruptions

More Details

The average time taken by the water utility to respond to and address interruptions in water service, showing the utility's ability to quickly restore service. Indicates the utility's responsiveness and ability to quickly restore services, impacting customer satisfaction. The time taken to respond to and address service disruptions, interruptions, or outages. Sum of Response Times for Service Interruptions / Number of Service Interruptions
KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 38 KPIs under ISO 24510
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

Benchmarking Against Peer Utilities

More Details

The utility's performance compared to similar utilities on key metrics, facilitating the identification of best practices and areas for improvement. Provides a relative position within the industry, identifying areas of strength and opportunities for improvement. Comparison of performance metrics such as efficiency, cost, and service levels against comparable utilities. Performance Metric of Interest (Utility) / Corresponding Metric (Peer Group Average)
Cost of Operations per Cubic Meter

More Details

The total operational cost divided by the volume of water produced or distributed, reflecting the financial efficiency of the utility's operations. Helps in analyzing the efficiency of water service delivery and the potential for cost reduction. Total operational costs divided by the volume of water treated or distributed. Total Operational Costs / Total Volume of Water Treated or Distributed (Cubic Meters)
Customer Complaint Resolution Rate

More Details

The percentage of customer complaints that are resolved to the customer's satisfaction within a specified time frame, measuring service quality and responsiveness. Measures the effectiveness of the utility's customer service and resolution processes, impacting satisfaction and trust. The percentage of customer complaints resolved within a specified timeframe. (Number of Customer Complaints Resolved / Total Number of Customer Complaints Received) * 100

In selecting the most appropriate ISO 24510 KPIs from our KPI Library for your organizational situation, keep in mind the following guiding principles:

  • Relevance: Choose KPIs that are closely linked to your Operations Management objectives and ISO 24510-level goals. If a KPI doesn't give you insight into your business objectives, it might not be relevant.
  • Actionability: The best KPIs are those that provide data that you can act upon. If you can't change your strategy based on the KPI, it might not be practical.
  • Clarity: Ensure that each KPI is clear and understandable to all stakeholders. If people can't interpret the KPI easily, it won't be effective.
  • Timeliness: Select KPIs that provide timely data so that you can make decisions based on the most current information available.
  • Benchmarking: Choose KPIs that allow you to compare your ISO 24510 performance against industry standards or competitors.
  • Data Quality: The KPIs should be based on reliable and accurate data. If the data quality is poor, the KPIs will be misleading.
  • Balance: It's important to have a balanced set of KPIs that cover different aspects of the organization—e.g. financial, customer, process, learning, and growth perspectives.
  • Review Cycle: Select KPIs that can be reviewed and revised regularly. As your organization and the external environment change, so too should your KPIs.

It is also important to remember that the only constant is change—strategies evolve, markets experience disruptions, and organizational environments also change over time. Thus, in an ever-evolving business landscape, what was relevant yesterday may not be today, and this principle applies directly to KPIs. We should follow these guiding principles to ensure our KPIs are maintained properly:

  • Scheduled Reviews: Establish a regular schedule (e.g. quarterly or biannually) for reviewing your ISO 24510 KPIs. These reviews should be ingrained as a standard part of the business cycle, ensuring that KPIs are continually aligned with current business objectives and market conditions.
  • Inclusion of Cross-Functional Teams: Involve representatives from outside of ISO 24510 in the review process. This ensures that the KPIs are examined from multiple perspectives, encompassing the full scope of the business and its environment. Diverse input can highlight unforeseen impacts or opportunities that might be overlooked by a single department.
  • Analysis of Historical Data Trends: During reviews, analyze historical data trends to determine the accuracy and relevance of each KPI. This analysis can reveal whether KPIs are consistently providing valuable insights and driving the intended actions, or if they have become outdated or less impactful.
  • Consideration of External Changes: Factor in external changes such as market shifts, economic fluctuations, technological advancements, and competitive landscape changes. KPIs must be dynamic enough to reflect these external factors, which can significantly influence business operations and strategy.
  • Alignment with Strategic Shifts: As organizational strategies evolve, evaluate the impact on Operations Management and ISO 24510. Consider whether the ISO 24510 KPIs need to be adjusted to remain aligned with new directions. This may involve adding new ISO 24510 KPIs, phasing out ones that are no longer relevant, or modifying existing ones to better reflect the current strategic focus.
  • Feedback Mechanisms: Implement a feedback mechanism where employees can report challenges and observations related to KPIs. Frontline insights are crucial as they can provide real-world feedback on the practicality and impact of KPIs.
  • Technology and Tools for Real-Time Analysis: Utilize advanced analytics tools and business intelligence software that can provide real-time data and predictive analytics. This technology aids in quicker identification of trends and potential areas for KPI adjustment.
  • Documentation and Communication: Ensure that any changes to the ISO 24510 KPIs are well-documented and communicated across the organization. This maintains clarity and ensures that all team members are working towards the same objectives with a clear understanding of what needs to be measured and why.

By systematically reviewing and adjusting our ISO 24510 KPIs, we can ensure that your organization's decision-making is always supported by the most relevant and actionable data, keeping the organization agile and aligned with its evolving strategic objectives.

KPI Library
$99/year

Navigate your organization to excellence with 15,468 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 38 KPIs under ISO 24510
  • 15,468 total KPIs (and growing)
  • 328 total KPI groups
  • 75 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.




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