E&P Magazine Highlight – What Does the Industry Think of Operational Excellence
Operational excellence is a global concept whose time has come despite a fairly rocky ride since it first made its debut in hazardous industries several years ago. Like many aspirational-sounding concepts, operational excellence has been dismissed by some as yet another management theory with little practical application in the real world. Or perhaps it has suffered from being poorly understood or misinterpreted.
But all that is changing, and fast. A recent survey of oil, gas and petrochemical industry professionals conducted by Petrotechnics shows a growing consensus around operational excellence, what it means and the benefits it can bring to organizations in hazardous industries.