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Operational Excellence Standards: Asset Metrics And Key Performance Indicators

BARRICK OPERATIONS SUPPORT

OPERATIONAL EXELLENCE STANDARDS

1

Asset Metrics and Key Performance Indicators

Table of Contents 1. Overview ............................................................................................................................................... 5 1.1. 1.2. 1.3. 2.2.1. 2.2. Introduction .................................................................................................................................. 5 Objective ....................................................................................................................................... 5 Performance Metrics & DesiredBehaviours................................................................................. 5 Time Model ................................................................................................................................... 7 Further Definition of Primary Time Elements ............................................................................... 8 Scheduled Loss (SL)............................................................................................................... 8 SL Secondary & Tertiary Time Elements ........................................................................... 8 Unscheduled Loss Failures (ULF) ........................................................................................... 9 ULF Secondary & Tertiary Time Elements ......................................................................... 9Unscheduled Loss Other (ULO) ........................................................................................... 13 ULO Secondary & Tertiary Time Elements ...................................................................... 13 No Scheduled Production (NSP).......................................................................................... 14 NSP Secondary & Tertiary Time Elements...................................................................... 14 Operating Standby (OS) ...................................................................................................... 14 OS Secondary & Tertiary Time Elements ........................................................................ 14 Production Delay (PD)......................................................................................................... 16 PD Secondary & Tertiary Time Elements ........................................................................ 16 Ready Time (RT) .................................................................................................................. 17 PD Secondary & Tertiary Time Elements........................................................................ 17 Secondary & Tertiary Time Elements .................................................................................. 18

Standard Time Model ........................................................................................................................... 7

2.2.1. 2.2.1.1. 2.2.2. 2.2.2.1. 2.2.3. 2.2.3.1. 2.2.4. 2.2.4.1. 2.2.5. 2.2.5.1. 2.2.6. 2.2.6.1. 2.2.7. 2.2.7.1.2.2.8. 3. 3.1. 3.2.

KPI Set ................................................................................................................................................. 19 Strategic Intent ........................................................................................................................... 19 Asset Performance...................................................................................................................... 19

Availability ........................................................................................................................................... 19 Utilization ............................................................................................................................................ 19 Use of Availability...