Procurement KPIs
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Project budget
Project budget
the allocated amount of funds
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The total amount allocated for a project budget

KPI Definition

Project budget refers to the allocated or planned amount of funds set aside for a specific procurement project or initiative.

Business Value

The Project budget is useful to calucate and plan project related expenses

Movement Direction

Sample Formula

SUM (Project_Budget)

Should Aim For
1
This metric should move up ie., increase with time as it is profitable for a business to have higher project budget
2
3
Track Similar KPIs
Project budget
the allocated amount of funds
Project award price
It refers to the agreed-upon or negotiated price
Delayed Projects
the number of projects that ae delayed
Project actual saving
the total monetary amount saved
Deliveries
Items which have been delivered
Delay in project closure
the completion of a procurement project exceeds the planned or expected timeframe.
Submitted PO
Submitted Purchase Order
Raised PR
Raised Purchase Request
PR
Purchase Request
Non Purchase Order Invoices
Non Purchase Order Invoices
PO Invoices
Purchase Order Invoices
PO value
Purchase Order Value
Lead time
Lead time refers to the duration between initiating a process and its completion
Cycle Time for Deliveries
Average Delivery Time
Delay in delivery
Average Delay in Delivery
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