The current oil and gas crisis requires a different response from the 2014 (or any other) crisis—and a different playbook. At the heart of this difference is the volatility and plan reset in the current environment. Oil and gas companies have to throw out their annual planning cycles—and quarterly crisis-driven executives’ meetings of the past—and develop cross-geography and cross-functional, high-capability virtual command centers around the clock.
At minimum, an effective command center should bring together the rapidly changing market signals and inform internal actions.
The virtual command center should be action-oriented, risk-management-focused and optimized for business continuity.
Actions needed today are more dynamic and holistic than previous cycles:
Developing a command center rapidly requires a new set of skills to:
Projections based on Accenture analysis and experience working with oil and gas companies.
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