1. Calculate the UOC per barrel for SG. Is a barrel of oil the cost driver for all the activities that go on within RDS? Comment on why RDS chooses to monitor costs per barrel.
The UOC per barrel for SG is $3.21. OPEX | $140,640,200 | 120,000 | barrels/day | | | 365 | days/year | Total | $140,640,200 | 43,800,000 | barrels/year | Unit Operating Cost (UOC) | $3.21 | | |
*UOC = (Total Operating Expense – Exploration – Depreciation & Depletion) / Barrels Produced
Barrels of oils produced may be a cost driver for some activities in RDS, but not all activities are driven by the production of oil. RDS has other activities that requires significant expenditures as the headquarter. The capital investment on exploration for various
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Goal is 99.9% uptime. | Are our Telecommunications secured (technically) from attack? Are we prepared for a Security Audit? | Do we have a contingency plan in an Emergency? Have we tested it? Is the information current? |
B. Efficiency: A process characteristic indicating the degree to which the process produces the required output at minimum resource cost and ask “are we doing things right? Select, install, operate, support hardware & software | Time spent on “selecting” and “installing” hardware/software – installation on a new computer for example can take one to five hours depending on how prepared you are… | Time spent supporting new installations – implying rollout did not go correctly. Things that are forgotten or overlooked mean our process has holes in it. | For “operating” the hardware/software – has our staff has appropriate training? |
C. Quality: The degree to which a product or service meets customer requirements and expectations. Provide System Application & Product Support | This would apply to not only the products themselves but also the support given by their technical staff. | Does the System do what the customer needs it to do in a timely and efficient manner? | Does the Application do what the customer needs it to do in a timely and efficient manner? | Does the Product do what the customer needs it to do in
Much will depend on the quality of the products or services. How we deal with customer enquiries or complaints can be just as important.
Efficiency: Whatever idea, thought, plan or action we do, must be efficient enough to make us reach our set goal.
Wildcat Oil has recently discovered a 500 million barrel crude oil reservoir in Kasakstan, and the firm needs a preliminary cost estimate for a feasibility study for a facility to produce the oil and for transporting this oil. Wildcat Oil has already paid the Kasakstan govt. $400M in up-front lease costs for this reservoir. Engineers predict recovery of about 300 million barrels with current technology, however the oil facilities and
Our highly skilled staff understands the importance of accurate process serving in a fast and efficient manner. When
13. Which of the following characteristics makes it EASIER to measure the quality of a service, relative to that of a product or facilitating good?
Service quality - refers to difference between the level of service that is expected from consumers and the perception of the service that is actually received. (Caruana,
Service quality is referred to a valuation of how good a delivered service meets the customer’s expectation. Upper management
Customer service and claims timelineness : Progressive customer service representatives and agents have a hard-earned reputation as being among the best in the business. Customers continually report of agents and
Once an employee begins employment with a company he or she must first go through completion of the internship program. During the program the employee has a very important briefing that he or she completed on time, and then presented to the CEO of the company. The guidelines required to complete the briefing assignment consist of the explaining in detail the selection process, and how it was affected by the goals of the organization and stakeholders. The briefing will explain the process needed for selecting and acquiring an information system and how the goals of an organization can drive the selection of the system. The briefing will identify
RDS is monitoring costs per barrel and SG assembled the CLT team to learn how to control costs in order to get funding for off shore oil exploration
Quality: the standard of something as measured against other things of a similar kind; the degree of excellence of something
Lastly also guaranteed performance with technician’s ready to be sent out around the clock for any issues that may perhaps occur. However, the most common issue is simply a human error with the computer, once operators are more familiar with the device those errors perish. But nevertheless, the technicians are always available for the customers desire or needs twenty-four hours a day.
From the analysis of data as per response states that respondents are satisfied with the delivery of various information on time. 44% states that it is very good, 22% stating that it is excellent , 18% as average, 9% as bad and 6% as very
Deming, Juran, and Crosby all define quality in different ways. Deming defines quality as a continuous improvement and the ultimate goal is zero defects; however, he realizes an error free product may not be economically feasible or practical (Kerzner, 2009, p. 880). Deming also states a product or service is defined by the customer and quality is a relative term and will change based on the customer’s needs (Suarez, 1992, p.3)
Service Quality as described by (William G. Zikmund, 1993) “is the degree to which the performance of service provider’s matches customer expectations. It can also be defined as those essential characteristics of a service that measures its excellence”.