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KPI010 | Drydocking planning performance V3.0

Key Performance Indicator

This KPI expresses the company’s ability to plan the drydocking operation (e.g. predictable costs, good budgeting and scheduling). 

Basically it expresses the percentile deviation from planned costs and duration. To avoid penalization of ship managers striving towards minimizing time and cost at drydock, any cost or time deviation between 0 and minus 10% is disregarded (to be interpreted as 'according to plan'). 

As the KPI expresses deviations both positive and negative, the KPI Value is always converted to a positive value.

Unit%
ScopeShip level
Calculation periodQuarterly
Formula

[formula]KPI010 = (\frac{\mbox{| }PI002 - PI005\mbox{ |}}{PI005} + \frac{\mbox{| }PI001 - PI004\mbox{ |}}{PI004})*100\%[/formula]

PI001Actual drydocking costs
PI002Actual drydocking duration
PI004Agreed drydocking budget
PI005Agreed drydocking duration
Example

PI005Agreed drydocking duration= 14 days
PI002Actual drydocking duration= 16 days
PI004Agreed drydocking budget= 4M US$
PI001Actual drydocking costs= 3.9M US$
KPI ValueDrydocking planning performance= 16.8%
Rating Formula

[formula] \begin{align} \displaylines { KPI_{Value}\\ KPI_{MinReq} = 10\\ KPI_{Target} = 2 } \end{align} [/formula] [formula] KPI_{Rating} = 100 \times \frac {KPI_{Value} - KPI_{MinReq}} {KPI_{Target}-KPI_{MinReq}} [/formula]

Rating Example

KPI Value= 14,3%
KPI MinReq= 10
KPI Target= 2
KPI Rating[formula]=KPI_{Rating} = 100 \times \frac {KPI_{Value} - KPI_{MinReq}} {KPI_{Target}-KPI_{MinReq}} = 100 \times \frac {14,3 - 10} {2-10} = 0[/formula]