What KPIs Should Be on a Construction Project Management Dashboard?
1. Downtime hours
Downtime is one of the worst drivers of cost overruns. Downtime can result from outside factors, such as weather, waiting for shipments, equipment breaking, or internal ones such as work stoppages, sick employees, or accidents. Two main groupings of these metrics are equipment downtime and labor downtime.
2. Installation defect %
Workers skill-levels, training, and supervision influence a construction team's workmanship. The percentage of improperly completed projects tells you how carefully they follow instructions and complete their duties. The installation defect rate can be measured through random audits or by having managers and team-leaders verify the quality of their direct reports' work.
3. Supplier defect %
Conducting inspections of vendor shipments let's you count the defect rate among raw materials, equipment, tools and other supplies. Tracking this information tells you about the reliability and consistency of your construction suppliers. Having consistent materials is important for producing buildings that are structurally sound. This metric can help you make choices about where to purchase materials.
4. Rework expenses
Record the cost of repairing a project if someone misplaced something on site, work was stopped due to an accident, or construction work was redone due to a product recall. When recording data for rework KPIs, include a root cause description so that you can identify the issues that contribute to high rework costs. Identify ongoing quality control issues by documenting average rework costs per project and total rework costs per reporting period.
5. Inspection score
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During inspections at the end of a construction project, you may receive a score that describes how well the completed project complies with local codes and regulations. By recording inspection results and maintaining an average number of inspection results, you can provide a benchmark to use as a guide for future projects.
6. % of passed inspections
A failing inspection requires additional effort by the team to fix enough aspects of the construction project to earn a passing score. Evaluate how additional training, hiring practices, or certification requirements will affect your team's test pass rate.
7. Accident incidents per project
Accidents are major drivers of costs, direct and indirect, completion delays, worker retention problems, not to mention injuries and lawsuits. Incidents are measured by project and categorized by manager.
8. Safety meeting attendance
By tracking individual attendance at safety briefings and other optional training, you can customize this KPI to give employees insight into their personal work habits.
9. % of construction and demolition waste recycled
For any company it is best to minimize waste or not to produce any waste at all. However, as it is not always possible to eliminate waste completely, companies need to try to minimize the impact that the waste they are producing is having on the environment. When we produce waste that is sent to landfill sites or to incinerators, this has commercial as well as environmental implications.
10. # of activities starting on time
This is the time schedule accuracy in estimating the start time of each activity. Keeping track of this number helps pinpoint where downtime can be coming from.
11. Revenue per labor hour
Revenue per hour worked combines these two goals into one KPI that tracks how much revenue a construction professional makes per average hour worked. At the end of the project, calculate the total profit divided by the team's total work hours.
12. Budget variance
Budget variance is the difference between the original budget and current spending. You can also track how often each project hits its projected budget, exceeds its budget, or falls short of its planned budget.
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13. Actual construction hours vs planned construction hours
Time track all hours per worker and manager, sum them and compare them to the budgeted hours for the project.
14. Cost per km
For highway construction projects this is the most common metric summing all costs and dividing by kilometer completed.