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7th Innovation Award Judging Criteria.

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Presentation on theme: "7th Innovation Award Judging Criteria."— Presentation transcript:

1 7th Innovation Award Judging Criteria

2 IA Judging Criteria for Idea/Plan
Weight Rating Scale for IDEA/PLAN Projects 1 2 3 4 5 1. Originality 45% COMMERCIALIZED R&D Idea to extend from tools, process and services being used in PTTEP Idea to apply tools, process and services available in market into PTTEP business Idea to modify commercialized tools, process and services from E&P industry for PTTEP business Idea to modify/ develop new tools, process and services already in R&D stage available in market for PTTEP business Idea to create new R&D tools, process and services not existing in industries 2. Practicality 25% Addresses a need or problem but not relevant to PTTEP’s business. Addresses a need or problem but it’s not tested yet. Addresses a need or problem and provides a possible solution. The innovation has been tested and shown to be somewhat effective. Addresses a need or problem and provides a solid solution. The innovation has been tested but not prototyped yet (Lab Scale). Addresses a need or problem and provides a solid solution that could make a significant impact. The innovation has been prototyped or tested and shown effective. 5% Not in line with current rules, regulations and SSHE. Require amendment/ deviation from existing rules, regulations and SSHE (both PTTEP and external regulatory body) Can be applied to existing rules, regulations and SSHE but require approval from external regulatory body Can be applied to existing rules, regulations and SSHE but require to inform external regulatory body Can be easily applied to existing rules, regulations and SSHE (internal & external) 3. PTTEP Potential Benefit 10% (Benefit/ Cost Ratio) Benefit > cost = 2 times Benefit > cost = 4 times Benefit > cost = 6 times Benefit > cost = 8 times Benefit > cost = 10 times , Proved Sustain 10% Applied within own department/ division Applied across PTTEP Applied within PTT Group or PTTEP’s Joint Venture Limitedly applied outside PTT Group Applied worldwide 4. IP Disclosure Endorsement Petty patent applied Petty patent granted Patent applied Patent granted FINANCIAL (project life cycle should not exceed 5 years.) 45% NON-FINANCIAL (Opportunity for implementation) 30% การเอาของเดิมที่มีอยู่มาใช้ไม่นับเป็น adaption Adopt จากสิ่งที่มีอยู่ในสผ. VS adopt จากสิ่งที่มีอยู่ใน E&P สอดคล้องกับกฎระเบียบบริษัท และcomply กับ SSHE Rules Practical ทางด้านเทคนิค ใช้ได้ในธุรกิจและช่วยพัฒนาด้าน capability ไหม 20% 5%

3 IA Judging Criteria for Development
Weight Rating Scale for DEVELOPMENT Projects 1 2 3 4 5 1. Originality 35% COMMERCIALIZED R&D Extend from tools, process and services being used in PTTEP Apply tools, process and services available in market into PTTEP business Modify commercialized tools, process and services from E&P industry for PTTEP business Extend/ develop new tools, process and services already in R&D stage available in market for PTTEP business Create new R&D tools, process and services not existing in industries 2. Practicality 20% Pilot has been implemented but still requires mitigation / improvement. Pilot has been successfully completed. The deployment has been approved in business plan. Potential to commercialized. The plan to Commercialize is under development. Plan to Commercialize has been approved. 5% Not in line with current rules, regulations and SSHE. Require amendment/ deviation from existing rules, regulations and SSHE (both PTTEP and external regulatory body) Can be applied to existing rules, regulations and SSHE but require approval from external regulatory body Can be applied to existing rules, regulations and SSHE but require to inform external regulatory body Can be easily applied to existing rules, regulations and SSHE (internal & external) 3. PTTEP Potential Benefit 15% (Benefit/ Cost Ratio) Benefit > cost = 2 times Benefit > cost = 4 times Benefit > cost = 6 times Benefit > cost = 8 times Benefit > cost = 10 times , Proved Sustain 15% Cost Saving or Income <0.5 million USD/yr million USD/yr > million USD/yr > million USD/yr >9.5 million USD/yr 30% Applied within own department/ division Applied across PTTEP Applied within PTT Group or PTTEP’s Joint Venture Limitedly applied outside PTT Group Applied worldwide 4. IP Disclosure Endorsement Petty patent applied Petty patent granted Patent applied Patent granted 5. Publication Abstract submitted Accepted in internal publication (within PTT Group) Accepted/ published in external conference Published in Journal (low impact factor: ≤1) Published in Journal (high impact factor: >1) FINANCIAL (project life cycle should not exceed 5 years.) * For projects with high benefit value 35% NON-FINANCIAL *For projects with low benefit value 25% การเอาของเดิมที่มีอยู่มาใช้ไม่นับเป็น adaption Adopt จากสิ่งที่มีอยู่ในสผ. VS adopt จากสิ่งที่มีอยู่ใน E&P สอดคล้องกับกฎระเบียบบริษัท และcomply กับ SSHE Rules Practical ทางด้านเทคนิค ใช้ได้ในธุรกิจและช่วยพัฒนาด้าน capability ไหม 30% 5% 5%

4 Judging Criteria Description
Originality It has to be a new concept or a variation from existing tool or process which is unique for E&P industry. It can be developed independently or in cooperation or with others. Practicality Readiness to integrate to proposed innovative idea into existing system with concern on cost-effectiveness if implemented shall be considered. Risk/uncertainty from its implementation to ongoing operations will also taker into consideration. PTTEP Potential Benefit It shall make a fundamental change in processes or major adjustment with impact on either multiple operational areas or just on specific area. Ultimately, it will lead to change the new way of working The benefits form the implementation of the proposed innovative idea should be measurable to reflect cost saving or revenue increases and opportunity for implementation in PTTEP or worldwide. IP Rights Chance for IP registration is important. High favor would go to and innovation already registered for IP Publication Internal and/or external conferences/ journals where your paper has been submitted/Published.


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