The OnMarc Approach to Performance Benchmarking

Benchmarking the Generation Fleet In Support of Your Drive to Operational Excellence (download)

Benchmarking is a tool used in the context of performance management and investment decision-making processes. Benchmarking is as much a qualitative as it is a quantitative exercise to assess and determine “gaps” in performance. Benchmarking results provide a “snapshot” into the capability and competitiveness of an asset and effectiveness of the organization responsible for its operation.

Results from benchmarking can initially be used to quantify, validate, and set appropriate performance goals in the business plan (consistent with the focus areas described in the business strategy). Ultimately, benchmarking can drive an organization to achieve operational excellence by:

		Understanding how your plants perform with respect to similar units operating under similar business circumstances (e.g., markets and contracts)
		Identifying specific process and functional areas where your plants lead and lag in performance
		Learning “best practices” (i.e., strategies, processes, tools and organizational factors) that may be applied to improve plant performance
		Building this information into plans for improving the way that your plants are managed and operated

Benchmark supports your drive to operational excellence of your assets. OnMarc employs a proven methodology to achieve meaningful results from a benchmarking assessment.

		Drive performance improvement initiatives
		Establish O&M budgets during the business planning process
		Validate capital improvement requests / budgets
		Provide input to operational excellence programs (reliability, maintenance, and operations studies)
		Support rating agency presentations
		Determine potential synergies in support of M&A activities
		Provide independently validated performance to third parties such as Boards of Directors and “The Street”

Benchmarking has been invaluable to the success of our customers' initiative to improve the performance of their power assets. For more information, please contact Todd Mairs at (612) 840-3361.