CFM Exam Dumps | What should Key Performance Indicators (KPIs) for a project primarily focus on?

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Question 98/122

What should Key Performance Indicators (KPIs) for a project primarily focus on?

A. Total project cost.

B. Critical success factors.

C. On-time delivery.

Correct Answer: B

Key Performance Indicators (KPIs) in Facility Management (FM) project management should focus primarily on Critical Success Factors (CSFs) (Option B). CSFs define what is essential for a project to be deemed successful.
Why Option B is Correct?
* KPIs measure performance in relation to achieving project goals and ensuring efficiency, quality, and stakeholder satisfaction.
* Critical Success Factors (CSFs) include elements such as budget adherence, operational efficiency, risk mitigation, stakeholder engagement, and sustainability compliance.
* According to IFMA's Project Management Core Competency, successful project delivery requires FM professionals to identify and track CSFs to ensure project objectives align with organizational goals.
* KPIs should evaluate project quality, efficiency, and impact rather than focusing solely on financial or schedule-based factors.
Why Other Options Are Incorrect?
* Option A (Total project cost): While cost control is essential, it is only one aspect of project success.
Focusing solely on cost may overlook quality, compliance, or operational effectiveness.
* Option C (On-time delivery): Timely project completion is important, but not the only determinant of success. A project may be delivered on time but fail in other key areas such as performance, compliance, or stakeholder satisfaction.

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