Track Gas Production Efficiency with KPI Scorecard
The dynamics of Gas Industry include possibilities of huge gains and colossal loses. Thus selecting KPIs for gas industry requires considerable thought. The main headings under which this industry-s KPIs can be divided include: Operations, EH&S, Environmental and Health & Safety.
Operations or internal processes indicators help in measuring the efficiency with which operations of the firm are carried out. Important variables can be number of employees, deliveries, length of the pipeline and gas transmission volumes.
Environmental indicators depict the steps undertaken by organizations as part of their social responsibility. Number of reportable spills, levels of greenhouse emissions, energy intensity and waste disposal management can act as indicators under this category.
Another set of KPIs are related to Health and Safety of employees. These include such variables as the number of days workers were away from work due to accidents or illness or motor vehicle accidents.
Related to the above perspective are the EH&S indicators. They highlight the employee health and safety measures adopted by the company. These efforts can be quantified by such variables as number of EH&S professional hired to impart training to employees, number of hours for which training is provided, any major incidents and penalties and fines paid by the organization, if any.
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 Gas Production metric:
- Gas production kpis include a wide range of metrics related to expenses and operational losses related to gas extraction.
- Operational indicators include total number of employees, revenue per employee etc.
- Gas transmission volumes: evaluation of this important indicator directly represents performance of the company. Lengths of pipelines is another popular indicator.
Get these KPIs
More ideas on using Gas Production KPI
Gas production is concerned with employing the equipments and tools to draw gas out of the deposits that underlie seabed. Although it is well accepted that this field has immense opportunities for earning revenues equally true is the fact that operating here requires expertise in handling employees and devices.
Things can turn really awry in an area such as gas manufacturing even if slight deviation from the cautious behavior occurs. Therefore, a regular monitoring act has to be in place, when the talk is of gas drilling. This tracking job gets simplified in case a well-utilized management strategy like balanced scorecard is employed. One can list the factors that are important in the form of indicators called KPIs (Key Performance Indicators) to calculate those.
Some of the fields in which these metrics can be framed by the firms engaged in obtaining gas from their reservoirs are 'environment', 'internal operations' and 'employee safety and health'. By doing this, it is possible to follow the developments and devise better 'future course of action'.
Summing it all, the organizations involved in this task of drawing gas are to structure such an instrument to successful perform their job.
More useful information for Energy Evaluation
Gas Production Evaluation Balanced Scorecard Screenshots
Metrics for Energy Evaluation
This is the actual scorecard with Gas Production Indicators and performance indicators.
The performance indicators include: operations indicators, deliveries, pipeline length, eh&s indicators, eh & s professionals, eh&s fines and penalties, reportable spills, greenhouse gas emissions, health and safety indicators, absenteeism, motor vehicle incident frequency.
Download or purchase Gas Production Evaluation Balanced Scorecard
Download a trial version of Gas Production Evaluation Balanced Scorecard or purchase a full version online.