Exploring Multipliers in Safety Performance Monitoring
In this podcast episode, a continuation of the SPIs series from last week, the focus shifts to the concept of using multipliers for improved safety metric measurement.
The host, Jason Starke, emphasizes the significance of utilizing rates as a more accurate way to monitor safety performance, accounting for operational variations. The key idea here is employing multipliers to transform decimal-based rates into whole numbers, simplifying data representation on graphs. The process involves dividing event numbers by operational quantities and then applying a chosen multiplier, leading to clearer and more comprehensible graphs. The episode concludes by highlighting the practical advantages of this approach in enhancing data visualization and decision-making.
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Thanks for listening and stay safe!