Surely there is more to benchmarking than just comparing performance data?
Absolutely. There are many benchmarking methodologies but all of them require that; • you understand your own performance and how it compares to your competitors • you identify the ‘best in class’ or ‘world class’ companies Participation in the DPR and CPR allows you to do these things for drilling and completions – something that is not readily available anywhere else. An example of a full benchmarking process (taken from www.benchmarking.gov.uk/about_bench/theprocess.asp ) is: Planning • Identify the subject area to be reviewed. • Define the objectives for the study and the criteria that will be used to assess success. • Select the approach and type of benchmarking. • Identify potential partners. • Produce a project plan. • Develop a communications strategy. • Assign resources and appoint a project team. • Seek approval and support of senior managers Collecting data and information • Compile information and data on performance. This may include mapping processes. • Select and contact
Absolutely. There are many benchmarking methodologies but all of them require that; • you understand your own performance and how it compares to your competitors • you identify the ‘best in class’ or ‘world class’ companies Participation in the DPR and CPR allows you to do these things for drilling and completions – something that is not readily available anywhere else. An example of a full benchmarking process is: Planning • Identify the subject area to be reviewed. • Define the objectives for the study and the criteria that will be used to assess success. • Select the approach and type of benchmarking. • Identify potential partners. • Produce a project plan. • Develop a communications strategy. • Assign resources and appoint a project team. • Seek approval and support of senior managers Collecting data and information • Compile information and data on performance. This may include mapping processes. • Select and contact partners. • Develop with partners, a mutual understanding about
