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Metrics Systems: Managing Resource Flows

In: The Corporate Energy Strategist’s Handbook

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  • Jimmy Y. Jia

    (George Washington University)

Abstract

Metrics systems are far more than just keeping track of a numerical value. A threshold is merely a numerical boundary condition that determines what’s in and out. A metrics system also implies how the threshold got set at that specific value, the process to change it, and the consequences for missing it. Because there are many nuances to good metrics, leaders need to continuously verify that the metrics system is relevant and representative of its purpose and intention. Energy strategists need to know what they are measuring and why. Frequently, what they are measuring has never been monitored before. Creating effective metrics and reporting systems will enable the continuous monitoring of operations, gathering critical data to support a strategic goal.

Suggested Citation

  • Jimmy Y. Jia, 2020. "Metrics Systems: Managing Resource Flows," Springer Books, in: The Corporate Energy Strategist’s Handbook, chapter 10, pages 103-113, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-36838-8_10
    DOI: 10.1007/978-3-030-36838-8_10
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