KPI029 | Security deficiencies V4.0

Key Performance Indicator

This KPI expresses the company’s ability to avoid security related deficiencies.

Interpretation	The KPI counts the number of security related deficiencies including any substandard act, practice or condition (such as lack of compliance to the ISPS code) recorded during external inspections and audits. The number of deficiencies is then made relative to the total number of external inspections and audits.
Notes	This KPI expresses the company's ability to avoid security related deficiencies recorded during external inspections and audits (class, port state, flag state, underwriters, charterers, ITF, external ISO/ISM/ISPS/OHSAS audits, excluding other voluntary inspections made for the purpose of quality improvement).
Unit	Deficiencies/Inspection
Scope	Ship level
Calculation period	Quarterly

Formula

[formula]KPI029 = \frac{PI054}{PI052}[/formula]

PI052	Number of recorded external inspections
PI054	Number of security related deficiencies

Ranking calculation example

Step 1: Calculate KPI value

PI052	Number of recorded external inspections	= 2
PI054	Number of security related deficiencies	= 3
[formula] KPI029_{Value} [/formula]	[formula] = \frac{PI054}{PI052}[/formula]	[formula] = \frac{PI054}{PI052}[/formula]	[formula] = 1.5 [/formula]

Step 2: Calculate percentile rank by comparing KPI value against other ships with the same criteria. We assume that another 99 (100 in total) participate in the ranking with the same criteria and our ship has position 10 and you are the only ship in that rank.

Step 3: Calculate the percentile rank by capturing the count of all participant below your rank (cl). The frequency of ships in your same rank (fi). The total number of ships in the ranking segment (N).

[formula] KPI029_{Percentile Ranking} = \frac{cl+05*fi}{N} * 100 = \frac{90+0.5*1}{100} * 100 = 90.50 [/formula]

Interpretation: Based on the above example, we could say that, when it comes to KPI029 Security deficiencies, tthis ship belongs in the 90.50th percentile of the ships that are being compared with based on its ranking criteria in the respective quarter.

External references

ISPS Code