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Key Performance Indicator(KPI)

Governance & Workflows
processmechanical

Definition

A quantifiable metric used to evaluate the effectiveness and performance of an asset integrity management program. Integrity KPIs measure both leading indicators (proactive measures: inspection plan compliance, overdue action count, training completion) and lagging indicators (reactive measures: leak frequency, unplanned shutdowns, inspection finding severity). KPIs provide management visibility into program health and drive continuous improvement.

Context

KPIs are essential for demonstrating the value and effectiveness of asset integrity programs to management, regulators, and stakeholders. In Reliatic, the dashboard presents key integrity KPIs including risk distribution, action completion rates, inspection compliance, and reliability trends.

Examples

  1. Leading KPI: Inspection plan compliance rate = 94% (target >90%) — 94 of 100 planned inspections completed within the scheduled period.
  2. Lagging KPI: Loss of primary containment (LOPC) events = 2 in the last 12 months (target 0) — triggers investigation and corrective action for each event.

Applicable Standards

  • ISO 55001:2014
  • API 754
  • CCPS Process Safety Metrics

Related Terms

Availability

The proportion of time that an item is in a state to perform its required function under given conditions, assuming that the required external resources are provided. Availability combines reliability (how often it fails) and maintainability (how quickly it can be restored). Inherent availability considers only corrective maintenance; operational availability includes all downtime including preventive maintenance and logistics.

Mean Time Between Failures(MTBF)

The average time between consecutive failures of a repairable system or component, calculated as the total operating time divided by the number of failures during that period. MTBF is the primary reliability metric for repairable systems and represents the expected time of continuous operation between failure events. Higher MTBF indicates better reliability.

Inspection Interval

The time period between successive inspections of an equipment item, determined by the RBI risk ranking, the remaining life, and applicable code requirements. API 510/570 set maximum intervals but allow extension based on RBI assessments. The inspection interval must not exceed half the remaining life (for general thinning) and should be set at less than half the P-F interval for condition monitoring tasks.

Action Lifecycle

The progression of an action item through defined stages from creation to closure: Open (created, assigned), In Progress (work started), Completed (work finished, pending verification), Verified (effectiveness confirmed), and Closed (formal closure with evidence). Each transition is a governance event with audit trail, ensuring that actions are tracked to completion and their effectiveness is verified.

Where this appears in Reliatic

This concept is used in the Governance module.