Key Performance Indicators (KPIs)
Millennium Insights has an asset management practice that assists organisations improve Asset Lifecycle Management. Put simply, asset lifecycle management, is the extraction of value from the assets of an organisation through a systematic process of deploying, operating, maintaining, replacing and disposing of the assets in the most cost-effective way. Our practices and processes help organisations achieve the greatest return on their assets while serving their clients.
Key performance indicators(KPIs) are a set of performance measurements that demonstrate how effectively an organization is achieving key objectives. In order to excel at maintaining your company’s assets, you need the insight derived from KPI’s
CMMS KPI’s are used to track performance in several areas over time and indicate when an organization is operating inside or outside of acceptable levels. KPI reporting includes analysis of data collected by assets, work orders, labour and material history, and costs.
These useful maintenance KPI’s also drive reliability growth and guide maintenance organizations decisions for improving maintenance effectiveness and efficiency. Proteus CMMS, has a powerful KPI reporting capability that gives Maintenance Managers the ability to better manage those things that are most important to achieving maintenance outcomes.
