Optimizing Performance: The Top 10 Field Data KPIs to Track
Nicky Sykora • March 27, 2023 • 3 min read
In the construction industry, tracking key performance indicators (KPIs) ensures projects run efficiently and effectively. Field data collected on the jobsite can provide valuable insights into performance. This article will explore the top 10 field data factors that construction professionals should track to optimize performance.
Field data in construction is essential for several reasons:
Accuracy: Field data allows construction companies to accurately track and record progress on a project in real-time. This helps ensure that the project stays on schedule and within budget and helps avoid costly errors or misunderstandings.
Efficiency: By collecting field data, construction companies can identify inefficiencies in their processes and make improvements to increase productivity. This can save time and money and help the project be completed more quickly.
Safety: Field data can also track safety incidents and identify patterns or trends. This can help construction companies identify and address potential safety issues before they become significant problems.
In order to make the most of field data, it’s important to know which specific factors to track.
Here are 10 field data points that construction companies may want to consider tracking:
- Labor hours: Tracking the number of hours worked by each employee or contractor can help construction companies accurately track labor costs and ensure that they pay workers fairly.
- Equipment usage: Tracking the usage of heavy machinery and equipment can help construction companies optimize their equipment usage, reduce maintenance costs, and identify potential issues before they become significant problems.
- Progress: Tracking progress on a construction project can help construction companies stay on schedule and within budget.
- Quality: Collecting data on the quality of work performed can help construction companies identify and address issues before they become major problems.
- Safety incidents: Tracking safety incidents and near-misses can help construction companies identify patterns and take steps to improve safety on their job sites.
- Material usage: Tracking the usage of materials can help construction companies optimize their inventory and reduce waste.
- Weather: Tracking weather conditions can help construction companies make informed decisions about when to work and can also help with forecasting and planning.
- Customer satisfaction: Tracking customer satisfaction can help construction companies identify areas where they may need to improve and ensure they deliver a high-quality product.
- Budget: Tracking budget data can help construction companies stay within budget and identify areas where overspending may occur.
- Subcontractor performance: Tracking the performance of subcontractors can help construction companies identify potential issues and optimize their relationships with these partners.
Overall, field data is a crucial component of construction project management. It allows construction companies to make informed decisions, identify and solve problems, and ultimately deliver a better product to their clients. By prioritizing the collection and analysis of field data, construction companies can improve their operations and increase their competitive advantage.