Planning Automation Projects: A KPI Glossary for Engineers
Key performance indicators are a crucial part of every professionally conducted automation project. They provide a robust way to track progress, identify areas for improvement and verify project success. In the complex world of robotic systems and automation, choosing the right KPIs is a critical step towards your project's success.
Understanding KPIs in Automation Projects
KPIs are metrics that measure the success of a process and align closely with your project goal. Take, for instance:
A project aimed at 'increasing assembly line output by 15%, while reducing annual maintenance costs by at least 10%'. As a result, the key performance indicators (KPIs) that are relevant are those that track output and maintenance costs.
However, it's essential to understand that data can be misleading when evaluating complex automation systems. Factors external to the automation process, such as a shortage of components, can skew overall project success metrics. In such cases, it becomes crucial to track KPIs that directly measure the new automation system's impact.
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Key Manufacturing KPIs in Professional Automation Projects
Let's look at some vital KPIs that can be applied in a variety of different automation settings. Forming a comprehensive glossary for engineers and automation professionals:
Identifying and monitoring the right KPIs is integral to the success of any professional automation project. Engineers and industrial automation professionals can utilise these KPIs to effectively measure progress. As well as, making informed decisions and repeatedly optimise their automation systems.
Utilising KPIs in an appropriate manner can dramatically improve the effectiveness and profitability of your project in a variety of ways. Including, increasing system throughput, decreasing cycle times, and managing maintenance costs.