From an Operational Excellence perspective, Cost Excellence is about ensuring that clients have in place an effective management system to gauge their cost performance. CE ensures that the organization is leveraging management decisions to optimize cost performance of operating assets through transparency, accountability, and cost controls to deliver maximum financial performance.
Achieving excellence in cost management means having the right controls, review meetings and reports in place that drive effective decision making and interventions on total cost analysis. It means having a systematic method for trending costs and analyzing investment decisions.
“After thirty-five years of doing P&A work, I’ve never seen a well that completed under budget until now; and we have remained consistent in our ability to execute at that level into the future."