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BP Management Planning Essay Sample

BP Management Planning Pages
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Agenda

Priorities

Organization Direction

Situation Analysis

Alternate Goals and Plans

Goal and Plan Evaluation

Goal and Plan Selection

Implementation

Conclusion

Priortities

Safe Operations

Compliant Operations

Disciplined Financial Choices

Competitive Project Execution

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 Anaylis

Mitigate 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

Alternatives

Mistrust 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

Goals

Recognize 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, nongovernmental 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 Control

Monitor

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

Resources:

BP. (2012). Retrieved from http://www.bp.com/sectiongenericarticle800.do? categoryId=9036153&contentId=7066889BP. (N.D.). Retrieved from http://www.bp.com/liveassets/bp_internet/globalbp/ST AGING/ global_assets/downloads/I/ IC_bp_strategy_pres entation_march_2010_slides.pdf

Wong, J. (). If ‘Plan A’ didn’t work, the alphabet has 25 more letters!. Retrieved from http://
www.lifehack.org/articles/work/plan-didnt-work-the-alphabet-has-25-more-letters.html

Policy Priorities. (). Retrieved from http://
svlg.org/policy-areas/health-policy/policy-priorities

Infoteam. (). Retrieved from
http://www.infoteam-consulting.com/sales-scribbles/implementation /

NSA Blog. (). Retrieved from http://
www.nsacct.org/nsa-blog/nsa-blog/2013/08/28/succession-planning-both-sides-now

. (). Retrieved from http://www.safetygeni.com/construction-site-safety-inspections.html

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