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In Part 1, we covered basics of Conformance Diagnostics. Part 2 connected the problem to an effective solution. In this article, we review the proper elements of Benefit Analysis.
Although the elements of this review are very basic, they allow us to streamline the process and generate a simple, economic screening tool to more accurately show the true benefit. The thoughts and ideas presented are designed to assist you in working through the process of Conformance Engineering, and we hope they will be a catalyst for further discussion.
ANALYZING THE ECONOMIC BENEFIT
When considering all of the benefits from controlling unwanted water or gas, it is often difficult to generate a financial analysis that is simple, complete and yet accurate in its assessment. The method that follows generates economic benefit from conformance work that will simplify the analysis and incorporate more of the overall benefit than is usually considered.
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