management planning presentation
DESCRIPTION
TRANSCRIPT
BP Global November 22 2012
Presentation to the Board of Directors
Agenda Organizational Direction
Situational Analysis
Alternate Goals and Plans
Goal and Plan Evaluation
Goal and Plans Selection
Implementation
Conclusion
Organizational Direction
Organizational Direction We strive to be a safety leader in our industry, a world-class
operator, a responsible corporate citizen and a great employer.
We are working to enhance safety and risk management, earn back trust and grow value.
Keeping a relentless focus on safety is a top priority for us.
Good management of risk helps to protect the people at the frontline, the places in which we operate and the value we create.
We understand that operating in politically-complex regions and technically-demanding geographies, such as deep water and oil sands, requires particular sensitivity to local environments.
We continue to enhance our systems, processes and standards, including how we manage contractors. ("Bp", 2012)
Situational AnalysisMitigate and eliminate situations that put the
company at risk
Goal transparency is key to building trust and relationships
Simplify goals so interpretations are clear
Have a broader presence in the communities we serve
Communicating is key to building trust and relationships
Alternatives
AlternativesMistrust by the community
Lack of generated revenue
Increased injuries to our team
Lack of knowledge regarding BP
Misperceptions regarding BP
Possible increase revenue by the competition
GoalsRecognize potential for our presence to impact the
lives of indigenous communities
Sensitivity to community displacement as a result of our company projects
Complete Revenue transparency with governments, non-governmental organizations and international agencies
Manage environmental sensitivities and the potential impacts on communities
Create a culture of Safety
Oversight Day-to-day risk identification and management
occurs in the group operations and functions, with the approach varying according to the types of risk we face.
Oversight and governance occurs at board, executive and function levels to help foster effective group-wide oversight, business planning and resource allocation, intervention and knowledge sharing.
Implementation
Monitor and ControlMonitor Control
Realizing the Opportunity
Production Increasing potential to sustain growth to 2020
Efficiency Projects: improve capital efficiency Drilling: close gap to best well in each basin Production costs: maintain momentum
Refining and Marketing Safety is key Be a Pillar in the community
Costs: return to below 2004 levels Continue production to keep costs low Refining: targeting break-even in similar environment to 2009 ("Bp", N.D.)
Planning….Strategic Plan
Tactical Plan
Operational Plan
Contingency Plan
ReferencesBP. (2012). Retrieved from
http://www.bp.com/sectiongenericarticle800.do?categoryId=9036153&contentId=7066889
BP. (N.D.). Retrieved from http://www.bp.com/liveassets/bp_internet/globalbp/STAGING/global_assets/downloads/I/IC_bp_strategy_presentation_march_2010_slides.pdf