Our Performance Measurement Framework
TASPEQ KPI System
Measure first -- Measure before -- Measure after
Measure Time, Safety, Production, Cost & Quality
At FCPL we have taken a very simple way to manage performance. Our TASPEQ KPI system focuses on only 5 key performance indicators. Using a Lean approach, we keep our eyes on Time and Attendance, Safety, Productivity, Cost and Quality.
Time & Attendance
Percent Present & On-time
Percent Present and On-time (PPO) is expressed as a percentage of totals persons early/on-time divided by the total persons in attendance.
Safety
Percent Safe Work
PSW (Percent Safe Work-Practices) – A basic measure of how well we practice safety to ensure compliance and a safe work space.
Productivity
Percent Planned Complete
PPC (Plan Percent Complete) – A basic measure of how well the planning system is working and work is being executed.
Cost
Percent under Budget
PUB (Percent Under Budget) – Measures the efficiency of cost of Standard Value Added Work performed against direct cost budget.
Productivity
Percent Planned Complete
PCZ (Percent Complete Zero-Defect) – Measures how well works are completed and the amount of defects corrected.
