I am beginning some work on Uptime Elements Key Performance Indicators with the Reliability Leadership Institute members during our next Face to Face meeting.
We start with high level organizational objectives and cascade Performance Indicators and Key Performance Indicators for Reliability Engineering for Maintenance, Asset Condition Management, Work Execution Management, Leadership for Reliability and Asset Management - from Strategic metrics to Tactical metrics though line of sight!
Most organizations try to drive performance by focusing on static lag indicators. Most are not very adept at understanding how to develop and use leading indicators - and those are the secret sauce of business. If it were all about everyone using the same leading indicators, this topic would have been settled decades ago. Leading indicators are wagers. If you could buy a book and win in Vegas - well enough said.
Do you have any advice on a system or process to develop Performance Indicators and Key Performance Indicators?