Problems And Challenges Of Decision Making Process In Schlumberger
The oil and gas industry is a company providing the necessary items and services that are required by the international oil and gas sector to explore extract and transport oil and natural gas at the refinery and then finally to the consumer. Schlumberger is the largest oil manufacturer company in the world and the most recognized service companies on the market since 1920 and in South America since 1929.
It is a process to take or make important decisions for a company. The decision making process help the organization to detect the problem and gave possible solutions of a problem. The step by step decision making process can help organization to take internationally and thoughtful decision by collecting relevant information and defines alternatives solutions for a problem.
The decision-making process begins with the examination of the nature of the problem then followed by the generation and assessment of possible options and ends with the choice of an option. It consists of 5 steps:
The decision making groups are formed with the mixed employees of different departments. Their numbers vary from 5 to 8. These include different employees of different departments of the organization for example finance department management department legal department safety department maintainer department etc. These groups are made like 2 members from Maintance 1 from finance 2 from legal department 1 from safety officer or safety advisor and 2 within managerial position.
Effective decision-making can be achieved by finding options as well as interpreting information about key events that may affect the performance of a company. Therefore the overall performance of the organization must be taken into account or results. By trying to evaluate only products processes and results tend to underestimate the role of how decisions are made which can affect the quality of the decision-making process without taking into account all the affects of the stakeholders.
The way oil services companies manage their decisions with large things such as facilities have been identified as a big challenge. For industrial person decisions are made on the basis of maintenance inputs data and management frameworks but where decisions involve significant things such as facilities decisions are generally related to costs mainly due to the lack of supporting data and historical documents. In this case managers look for the most practical solution without taking into account all internal and external constraints.
The facilities were in operation until 2015 when low oil prices led to a low in activity and low in financial gain was affected by high maintenance price. Based on recent market conditions Schlumberger achieve in very clear and detailed manner to justify the assets of large facilities and reduce its impression in order to control costs and expenses in order to return to financial gain.
The purpose of this step is to provide guidance and a basis to low the risk of generating not a suitable solution or excessive use of organizational resources. It is achieved by other steps. These are:
The idea behind this mixed group of different sectors or departments of society is an attempt to create a more objective vision while achieving to find the best solution to apply.
This step has further two steps. The first one is to collect and examine information about each option and the second one is to apply methods to create favorable scenarios.
The objective of this step is to evaluate the possible solutions according to criteria in order to reach a favorable solution. This requires identifying the evaluation criteria and then comparing the multiple alternatives using the chosen criteria. These steps are presented as follows:
The execution phase involves planning and carries out the required activities so that the chosen solution actually solves the problem. As the plan of this solution requires time so this will only present the decision group stage.
It should be noted that the solution is not only to transform the facility into a coordinated hub covering all wire line services in Schlumberger, but that will also be enlarged to other solutions to be put into effect for the others facilities based on brainstorming and discussion session carried out through the decision model.
This step indicates that facility manager’s make sure that the plan is actually followed. It is essential that facilities management can support the properly implemented structure with the shared application to control and collect all information from multiple tasks and services.
Decision making is difficult factor for all the business. Some decisions are obvious and can be taken easily and some decisions are complex and take much more time. Some of the decisions are taken by the groups. In Schlumberger, decision group are made from different employees of different departments. This help in the effective decision making. The group follows the different steps of decision making (harc analysis and risk control) to achieve their desire task. It helps to minimize the loss and maximize the profit.
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