Integrated business and activity planning
At the forefront of operational performance is the need to translate long-term business strategies into short-term and medium-term operating plans.
- Sponsorship and maturity: Success in any endeavor starts with executive sponsorship and a culture that supports and understands the objectives.
- Strategy and framework: To prevent value leakage from siloed thinking that often occurs from increasing operational complexity, oil and gas companies must establish clearly defined and well-understood connection and integration points among the strategic planning levels.
- Translating strategy to operations: The enterprise strategy needs to be effectively translated into quantitative and actionable business unit and functional goals and targets to facilitate planning, budgeting and stewardship processes.