
TY  - JOUR
A1  - Evans, R.M. 
A1  - Thompson, D.M. 
T1  - STRATEGIC APPLICATIONS OF LIFE CYCLE COSTING: OPERATIONS BUSINESS PLANNING
JF  - The APPEA Journal
JO  - The APPEA Journal
Y1  - 1998
VL  - 38
IS  - 1
SP  - 500
EP  - 507
KW  - 
UR  - https://doi.org/10.1071/AJ97025 
N2  - This paper briefly examines the business environment and challenges facing the Upstream (E&P) Sector. It suggests that operational phase risks, which undermine a venture&apos;s economic success, have traditionally been understated and inadequately defined. This, in turn, has tended to shape a (reactive) problem solving culture vis-vis a (proactive) management of risk culture in the Industry. Failures of ventures to deliver the expected return on the capital investment have been an unwelcome result.Operations Business Planning (OBP) is a technique which encourages the venture to move into proactive modus operandi. It achieves this through systematically integrating a venture&apos;s assets, activities, resources, costs and employee knowledge into a practical dynamic model. This model can be used to constantly challenge the acceptability of the venture&apos;s performance and to proactively re-shape its strategies and tactics to successfully exploit the varying business climates it faces in its life.Examples are cited to demonstrate the success of OBP&apos;s application and the benefits achieved. 
ER  -

