Last Updated 07 May 2020

Improving performance and operational effectiveness

Category Performance
Words 198 (1 page)
Views 99

While the performance of BP in terms of safety of people and environment improved significantly its financial performance deteriorated slightly in 2007. lower gas realizations, lower reported production volumes, higher production taxes in Alaska, higher costs reflecting the impact of sector-specific inflation all contributed towards increase in cost for the organization.

However, BP has taken some steps so as to reduce the its cost by implementing a organizational restructuring plan which will lead to a simplification of the organizational structure of BP and thus save costs by eliminating complex hierarchy. Before May 2001 shell had a complex hierarchy because of which there was a lot of duplication of work performed by its employees. This led to an unnecessary increase in cost for Shell.

In order to improve performance and operational effectiveness shell acquired the services of Petrotechnics. Petrotechnics implemented a project known as Integrated Safe System of Work (ISSOW), Sentinel PRO. The project with the help of a the software Sentinel PRO allowed Shell to have a holistic approach and to have a proper division of work. The project proved to be very successful for shell as it was able to save around $1 million in the following year and afterwards.

Order custom essay Improving performance and operational effectiveness with free plagiarism report

GET ORIGINAL PAPER

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Improving performance and operational effectiveness. (2018, May 17). Retrieved from https://phdessay.com/improving-performance-and-operational-effectiveness/

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer