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of the relative positions on a condition index or financial index.
that serves as a key
performance indicator (KPI). that can be applied to either individual assets (such as roofs and boilers) or to entire facilities.
"Fair" forms part of a linguistic scale (index) rather that is typically applied to a group of measures that are underpinned by a numerical scale.
The typical linguistic scale/index utilizes terms such as:
Fair generally means a position midway between good and poor.
Application to Facilities
The "good" ranking classification is utilized in the following key performance indicators
Generally associated with a facility that is operating at Level 3 or level 4.
Listed below are some of the merits of this condition ranking scheme.
Fig. Two key performance indicators confirming that a facility is in relatively "fair" condition.
Fig. Relationship between FCI, funding levels and facility operating standards.
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