Why use KPIs in managing safety in the organization?
1. KPIs can prevent major incidents – when leading KPIs turn red, they outline an increased possibility of certain risks to occur. Actions can be taken to prevent the event.
2. KPIs improve reliability – preventing incidents makes operations more reliable and ensures production cycles without interruptions. This reflects directly in the company’s financial performance.
3. KPIs avoid complacency – since major incidents are rare, there is always the risk of giving more attention to lower consequence risks in the belief that things are fine. KPIs can sent warnings for all types of incidents.
4. KPIs communicate performance – KPIs keep the management focused, they ensure transparency and facilitate progress.
The construction industry has been one of the most affected economic sectors by the 2008 financial crisis in many countries. As profitability of this business was seriously damaged, monitoring closely the evolution of the sector is important in order to improve the performance and revive the industry.
It turned into a clear sentiment in the last years, especially since measuring performance in any economy field became a souring concern both for managers and workforce, that education, as part of a living and healthy economy, needs to develop its own measuring and evaluation standards.
The UK offshore oil and gas industry is regulated by the Offshore Division (OSD) of the Health and Safety Executive (HSE) of the United Kingdom. The regulator has emphasized the importance of the industry’s safety performance based on health and safety issues and activities that drive or affect industry performance.
Wolseley is the world’s largest distributor of plumbing and heating products to professional contractors. It is also a leading supplier of building materials to the professional market. The company is principally engaged in the distribution of plumbing, heating, ventilation and air conditioning equipment and building materials. Wolseley operates through six reportable business segments, namely, the US, Canada, the UK, Nordic, France and Central and Eastern Europe.
