KPI Benchmarks : Cost per Underground Powerline Inspection
- Benchmark Range $27.12-$65.28
- Benchmark Average $45.23
- Benchmark Sample Size (n) 7
* Is High or Low Best: Lower is Better
Download a Sample Cost per Underground Powerline Inspection
KPI Details : Cost per Underground Powerline Inspection
Cost per Underground Powerline Inspection measures the total cost of inspecting underground powerlines in relation to the number of underground powerlines inspected over the same period of time. A relatively high value for this metric is typically related to a few common factors, including poor quality of initial powerline installment (includes the quality of the cable and structure being installed as well as the quality of the installation itself), overstaffing, general inefficiencies within inspection processes (e.g., inefficient use of proper PPE, poor precautions taken when inspecting damaged powerlines, poor documentation concerning powerline location, etc.), and sub-par powerline inspection employee training and performance. While companies typically seek to streamline operations and employee positions to reduce expenses while performing powerline inspections, great care should be taken when doing so as too many layoffs may reduce the utility company's ability to inspect and maintain the company's powerlines and transmission networks in a timely and efficient manner.
KPI Best Practices : Cost per Underground Powerline Inspection
- Measure and monitor inspection cycle times to identify whether or not inspections are taking too long
- Create checklist of inspection activities to ensure power lines are properly inspected
- Audit powerline inspection processes regularly to identify inefficiencies and opportunities for cost savings
KPI Calculation Instructions Cost per Underground Powerline Inspection?
Two values are used to calculate this KPI: (1) the total cost of inspecting underground powerlines, and (2) the number of underground powerlines inspected over the same period of time. Include all types of underground powerlines in this calculation, whether the main powerlines require utility tunnels or not. Include labor (wages, salaries, commissions, benefits), overhead (occupancy, utilities, supplies, advertising, legal fees, travel costs, etc.), and technology (hardware, software, etc.) costs in this calculation.
KPI Formula :
Total Underground Powerline Inspection Expense / Total Number of Underground Powerlines Inspected