Project Results
Determining Your Pathway to Success
When improving processes, it’s important to link the improvement opportunity to bottom-line benefits. i3 Consulting’s process improvement efforts focus on consistent human performance that lead to tangible benefits. Up-to-date and relevant processes and procedures need to be in place to provide the framework to operate effectively and efficiently. Appropriate elements need to be established to measure, monitor, and control in order to continue steering the organization towards the desired business and financial results. Focus on controlling each ring will assure the work processes established continually support the organization’s strategic direction.
Sample Best Practice Benchmarks
- SPI/CPI efficiency
- Stage Gate SLA performance
- Planned vs Actual Spend Variance
- Schedule Variance
- .85 or greater
- less than 10% delinquent
- less than 5%
- less than 5%
- 10% – 35% improvement
- 10% – 20% improvement
- 10% – 18% improvement
- 5% – 15% improvement
- Emergency Work Orders
- Injuries
- Human Error Production Upsets
- OEE
- less than 5%
- less than 2 annually
- less than 3%
- greater than 85%
- 10% – 50% reduction
- 10% – 25% improvement
- 5% – 50% reduction
- 2% – 12% improvement
- Unplanned Maintenance
- Reactive Planned Maintenance
- Preventative and Predictive Maintenance
- Schedule Compliance
- Plant Availability
- Maintenance Overtime
- less than 5%
- less than 20%
- greater than 70%
- greater than 90%
- greater than 97%
- less than 15%
- 10% – 25% reduction
- 5% – 35% reduction
- 10% – 40% improvement
- 18% – 45% improvement
- 3% – 15% improvement
- 5% – 65% reduction
- Annual Inventory Turns
- Expedited Parts and Materials
- greater than 2
- less than 10%
- 15% – 35% improvement
- 20% – 50% reduction
- Time on Tools
- 55% or greater
- 10% – 35% improvement
Committed to Excellence
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