Executive Level KPIs for Asset Integrity Management System Prepared for Senior Management of a Multinational Oil & Gas Company
Introduction: KPIs Overview Objective: To provide senior management with high-level visibility of Asset Integrity Management KPIs. These KPIs are aligned with global standards such as API RP 754, ISO 55000, and OGP 456. This presentation includes: Leading Indicators for proactive monitoring Lagging Indicators for reactive tracking Visualizations for executive decision-making
Lagging Indicators 1. Number of Asset Failures 2. Mean Time Between Failures (MTBF) 3. Loss of Primary Containment (LOPC) Incidents 4. Equipment Failure Rate 5. Unplanned Downtime due to Integrity Issues
Visualizing KPIs on the Dashboard - IOW Compliance: Color-coded visualization (Green ≥ 95%, Yellow 85-94%, Red < 85%) - Preventive Maintenance Completion: Pie chart showing completion vs overdue tasks - MTBF & Equipment Failure Rate: Line graph showing trends over time - LOPC Incidents: Bar chart highlighting incidents by equipment type - Unplanned Downtime: Trendline showing year-over-year downtime comparison