Procurement KPIs
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Delay in project closure
Delay in project closure
the completion of a procurement project exceeds the planned or expected timeframe.
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The average delay in time for a project closure with respect to the target date

KPI Definition

Delay in project closure refers to the situation where the completion of a procurement project exceeds the planned or expected timeframe. This metric measures the amount of time by which the project's closure or finalization is postponed beyond the scheduled deadline

Business Value

The Delay in project closure is useful to a business for analysing how many days on average can a project be delayed

Movement Direction

Sample Formula

AVG (Project_Actual_Close_Date - Project_Target_Close_Date)

Should Aim For
1
This metric should move down ie., decrease with time as it is not profitable for a business to have higher delay in project closures
2
3
Track Similar KPIs
Cycle time for PR approval
Cycle time for Purchase Return approval
Cycle time for PR completion
Cycle time for Purchase Return completion
Cycle time for PO submission
Cycle time for Purchase Order submission
Cycle time for PO creation
Cycle time for Purchase Order creation
Cycle time for PO approval
Cycle time for Purchase Order approval
Cycle time for PO acknowledgement
Cycle time for Purchase Order acknowledgement
Purchase Order
Purchase Order
Approved Purchase Return
Approved Purchase Return
Approved Purchase Order
Approved Purchase Order
Acknowledged Purchase Order
Acknowledged Purchase Order
Contracts
The total number of formal agreements
Contracts expiring
the contracts which are about to get expired
Contract expiring
Number of Contracts expiring
Actual Contract Value
Actual Contract Value
Total Contract Value
Total Contract Value
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