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KPI006 | Condition of class V3.0
Key Performance Indicator
The KPI counts the total number of conditions of class issued by class.
| Interpretation | This KPI expresses the company’s efforts to minimize the number of conditions of class. Be aware that all categories of conditions of class are weighted and regarded equally. |
| Notes | The issue of conditions of class differs between industry sectors and caution should be applied when interpreting this KPI. |
| Unit | Conditions of class |
| Scope | Ship level |
| Calculation period | Quarterly |
Formula
[formula]KPI006 = PI023[/formula]
| PI023 | Number of conditions of class |
Example
| PI023 | Number of conditions of class | = 1 |
| KPI Value | Condition of class | = 1 |
Rating Formula
[formula] \begin{align} \displaylines { KPI_{Value}\\ KPI_{MinReq} = 1\\ KPI_{Target} = 0 } \end{align} [/formula] [formula] KPI_{Rating} = 100 \times \frac {(KPI_{Value} - KPI_{MinReq})} {(KPI_{Target}-KPI_{MinReq})} [/formula]
Rating Example
| KPI Value | = 1 |
| KPI MinReq | = 1 |
| KPI Target | = 0 |
| KPI Rating | [formula]=KPI_{Rating} = 100 \times \frac {(KPI_{Value} - KPI_{MinReq})} {(KPI_{Target}-KPI_{MinReq})} = 100 \times \frac {(1 - 1)} {(0-1)} = 0[/formula] |
External references
As per IACS definition of conditions of class.