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Measuring the Effectiveness of Change through Best Practice Reconciliation

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Author R Hargreaves, G Pattenden and P Pettit

Description

Even with the cyclic nature of mining, when it comes down to it, the bottom line is that whatever direction the commodity market is going there is always a desire to improve the economics of an operation in order to deliver a greater return to investors. Adapting to market pressures by introduction of an operational process change can often have a downstream impact. What may be less obvious is that reconciliation can play an important part in measuring the effectiveness of many operational changes. Through the adoption of best practice reconciliation and related comparisons, it is possible to measure the impact of changes across the mine value chain and identify variability that may have been introduced. Using analytical business improvement tools, examining and monitoring planned changes can be crucial in understanding whether the introduced changes have been effective and whether they have provided the expected result. Using several case studies, the authors will highlight the benefits provided by modern business intelligence tools, which can provide data validation and accurately report data trends related to both planned and unplanned change events.

Citation:

Hargreaves, R, Pattenden, G and Pettit, P, 2016. Measuring the Effectiveness of Change through Best Practice Reconciliation, in Proceedings Ninth AusIMM Open Pit Operators’ Conference 2016, pp 71–83 (The Australasian Institute of Mining and Metallurgy: Melbourne).