Key performance indicators for operational quality in the oil and gas industry a case study approach

Onyemeh, N. C.; Lee, C.W.; Iqbal, Muhamad

doi:10.1109/ieem.2015.7385881

Cited by 6 publications

(4 citation statements)

References 6 publications

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“…The oil and gas industry is a crucial sector of the global economy, and as such, there is a lot of research and industry interest in ways to measure and improve its performance (R. M. Elhunia, et al, 2017) (A. Crivellari, et al 2019) (N. C. Onyemeh, et al 2015). One approach that has gained considerable attention is the use of KPIs.…”

Section: Related Workmentioning

confidence: 99%

A discussion on the use of Eliminative Argumentation (EA) to identify Key Performance Indicators (KPIs) for the CERN LHC Machine Protection System

Rees,

Casey,

Joyce

et al. 2023

Proceeding of the 33rd European Safety and Reliability Conference

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Key Performance Indicators (KPIs) and Safety Performance Indicators (SPIs) form an integral part of the Safety Management System (SMS) for a selected system. They provide a key insight into the system's safety performance and risk management, and enable data-driven decision-making.A KPI for a system is defined as "a quantifiable measure used to evaluate the success of an organization, employee, etc. in meeting objectives for performance". The KPIs discussed within this paper denote a measure of success/performance of the relevant identified sub-systems. Integration of KPIs and SPIs serves as a method of performance and safety evaluation of the systems they are associated with. KPIs can be used to estimate the safety performance of a system, as well as to support the safety case and ensure that it remains "fit for purpose" and "live".The paper also discusses how KPIs can be grouped into "leading" and "lagging" indicators. A leading indicator is one that tracks the occurrence of events that, while not themselves harmful, are expected to precede, or indicate the potential for, more harmful events. A lagging indicator is one that tracks the occurrence rate of hazards and/or loss events, such as crashes, injuries and fatalities. Leading and lagging indicators have limitations, advantages and disadvantages, which will be discussed further in the paper. Further we also discuss the challenges of accurate data collection to support KPIs.KPIs have a variety of potential uses, such as tracking safety trends over time, measuring system compliance to regulations/legislation, and providing evidence for the system's safety case. This paper will focus on how KPIs can be defined from the safety (assurance) case assessment process. Specifically, this paper demonstrates the use of Eliminative Argumentation (EA) to define the potential hazards associated with the machine protection system at the nuclear research facility CERN. We discuss the evaluation and identification of the KPIs for each of these systems. Further, we show how performance indicators are identified with the EA assessment and the corresponding nodes, whilst demonstrating how the content of this assessment is linked via a "golden thread". We show how they can be analysed post-mortem to ensure that the safety case remains valid and "live" as the system changes. Finally, we discuss how the use of KPIs can benefit the safety case and why ensuring that it remains "live" (fit for purpose) is critical to the continued safe operation of a system. In summary, KPIs play a critical role in keeping a safety case live by providing ongoing monitoring, driving continuous improvement, providing documentation, and establishing accountability for safety performance. By using them effectively, organizations can ensure that safety goals are being met over time.

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Section: Related Workmentioning

confidence: 99%

A discussion on the use of Eliminative Argumentation (EA) to identify Key Performance Indicators (KPIs) for the CERN LHC Machine Protection System

Rees,

Casey,

Joyce

et al. 2023

Proceeding of the 33rd European Safety and Reliability Conference

View full text Add to dashboard Cite

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“…KPIs are an integral part of the world's best manufacturing practices known as World Class Manufacturing (WCM) (Piasecka-Gluszak, 2017). The KPIs indicate the extent to which the organization pursues operational, tactical or strategic objectives that are critical to its current and future success (Onyemeh et. al., 2016;Rolo et.…”

Section: Literature Reviewmentioning

confidence: 99%

Swot Analysis of Individual Components Within the Innovativeness Ecosystem

Grebski

Czerwińska

Pacana

2022

mmr

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The article contains a qualitative assessment of the effectiveness of the individual components with in the innovativeness ecosystem. The aim of the study is to identify key performance indicators in the context of assessing the effectiveness of individual elements of the innovation network. A set of key performance indicators was developed for each of the six identified components of the innovativeness ecosystem in Northeastern Pennsylvania USA. The performance indicators were assessed using a qualitative method in the form of interviews with the key personnel and clients. The article also contains recommendations for managing an innovativeness network. The management of the innovativeness network needs to be based on leveraging strengths to maximize opportunities and minimize threats.

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“…KPIs also reinforce the organisations mission and vision. Key performance indicators can also be used to measure the performance of the network, which makes it possible to set targets for achievement and the effectiveness of the entire organisation Source: own study based on: (Neely Adams, Kennerly, 2002;Clifton, 2012;Berrah, Foulloy, 2013;Onyemeh, Lee, Iqbal, 2016;ISO 22400-1:2014ISO 22400-1: , 2014Vaser, Forconi, 2015;Melnyk Bititci, Platts, Tobias, Anderson, 2014;Ortega, 2012;Enns, 2005;Al-Mutairi, 2012;Rolo, Pires, Saraiva, 2014).…”

Section: Enns 2005mentioning

confidence: 99%

Analysis of the Possibility of Using Key Performance Indicators in the Systems of Logistics and Production Enterprises

Pacana

Czerwińska

Grebski

2021

MMR

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Performance Indicators (KPIs) are one of the most important management tools in enterprises. Their proper implementation and application help to improve and control both the processes and the effectiveness of activities undertaken in the organization. The study aimed to analyze the degree of use of the Key Performance Indicators in information technology (IT) systems by logistics companies and manufacturing companies and to investigate possible differences in the scope of knowledge and use of KPIs between logistics and manufacturing companies. The conducted analyses indicate that production companies tend to use financial and non-financial KPIs, while logistics companies mainly use financial indicators. Based on the pilot studies, the degree of use of KPIs was assessed as high. Respondents in the survey indicated a high or very high level of efficiency in the use of KPIs in the context of general objectives of enterprises from the perspective of customers, finances, processes, and development.

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Key performance indicators for operational quality in the oil and gas industry a case study approach

Cited by 6 publications

References 6 publications

A discussion on the use of Eliminative Argumentation (EA) to identify Key Performance Indicators (KPIs) for the CERN LHC Machine Protection System

A discussion on the use of Eliminative Argumentation (EA) to identify Key Performance Indicators (KPIs) for the CERN LHC Machine Protection System

Swot Analysis of Individual Components Within the Innovativeness Ecosystem

Analysis of the Possibility of Using Key Performance Indicators in the Systems of Logistics and Production Enterprises

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