Evaluate Alternate Energy Sources with This Scorecard in Excel
To aid an organization in following the 'exploration task' of alternate energy sources, a BSC approach, with suitable indicators incorporated on it can be used. This will not only make the steps 'concentrated', but also impart a clearer view to the employees of 'what the management finds rewarding enough' in the concerned direction.
The major directions which can guide the proceedings include- Energy switch perspective, Collaboration and recognition Perspective, Growth Perspective and Management & Policy Perspective.
Energy switching can be quantified via KPIs like 'number of energy sources being worked on', 'Alternate Energy index', 'Essential Alternate Energy index', 'fraction of revenues being put as investment in the equipments' and 'number of alternate energy sources under consideration'.
Collaboration and Recognition can be known via 'number of teams that have been formulated to carry out the task', 'number of stakeholders who have been convinced of the benefits of his exploration', 'number of instances of winning awards' and 'number of conferences attended or organized'.
Growth can be assessed by knowing 'number of processes which have undergone an energy switch', '% increase in investment in R&D' and '% decrease in dependence on conventional energy sources'.
Lastly, 'Management and Policies' perspective can be analyzed on 'alternate energy sources' ground by using parameters such as 'number of ways adopted to promote the exploration task', '% of staff involved in it' and 'degree of compliance with Governmental norms'.
Why do business professionals choose ready-to-use KPIs?
Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
- Can a business professional research KPIs on his own?
- How do I avoid typical problems with KPIs?
- Is ready-to-use KPI applicable in my niche?
- Is KPIs' price affordable?
- Can KPIs can be easily integrated in any business environment?
- How can KPIs make the difference to the business?
What are the benefits of Alternate Energy Sources metric:
- Expenses related to set up of alternative energy sources should be thoroughly measured.
- Also, it's important to assess cost savings as a result of using alternate sources of energy. These cost savings should be contrasted to set up and maintenance expenses.
- Finally, why not measure number of energy sources used and their impact on environment?
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More ideas on using Alternate Energy Sources KPI
Search for alternate energy sources has been intensifying of late owing to the fast depletion of the conventional ones. Also, the degradation caused by the latter ones has paced up the attempts for taming the 'renewable energy sources'.
Organizations indulging in this subject often employ alternate energy sources scorecard to successfully come up with statistics on progress being made. This metrics' approach in handling 'non-conventional' energy options arm the ones conducting such studies with an important way in which the efforts can be 'counted' and 'measured'. Consequently, the management of such studies becomes much easier if not exactly a cakewalk.
Some of the strongest points that advocate the usage of these inexhaustible energy choices are their 'never ending pool' and 'harmless nature to nature'.
This has sent several governments and organizations to go for promotion of this eco-friendly route of energy sources. Research and Development in this regard is being carried out at huge scale to have alternate energy development. Renewable energy development therefore, is not an option anymore but the 'only choice' in case the environment is to be kept in shape. Results of such studies have been making waves owing to the benefits attached with alternate energy options.
More useful information for Energy Evaluation
Alternate Energy Sources Estimation Balanced Scoreboard Screenshots
Metrics for Energy Evaluation
This is the actual scorecard with Alternate Energy Sources Performance Indicators and performance indicators.
The performance indicators include: alternate energy sources, energy source switching perspective, alternate energy index, essential alternative energy ratio, investment in suitable equipments: revenue ratio, number of alternate energy sources under consideration, collaboration and recognition perspective, number of conferences or events attended, number of teams to carry out the exploration of use of alternate energy sources., number of awards won, number of stakeholders who are into use of alternate energy, growth perspective, % increase in investment in r&d of alternate energy sources, % decrease in dependence on conventional energy sources, % of total processes in which energy switch occurred, % decrease in pollution levels, management and policy perspective, number of ways adopted to promote alternate energy sources, fraction of organizational policy that favors renewable energy sources., % compliance with the governmental norms, % staff involved in the needed attempts, r&d expenditure: revenues.
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