In 1996, TransEuro, an oil exploration and production company, were faced with profit problems and a need for development funds, and needed to make severe budget cuts. A team established to tackle cost improvements used ABM to determine what departments were doing and the costs involved. Because management believed that costs in service departments such as Business Management (BM) were way out of proportion with the costs in core business - oil exploration and production- the team first examined...

BPIR Categories

11.1.2 Manage resource allocation
14.1.2 Select and align measures.
11.1.1 Develop budgets

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