Mastering Volatility with Meisterplan
Meisterplan supports oil and gas resource management with easy staffing (resource) allocation. Projects can be estimated in man-hours, so users understand how many workers they will need to reach completion based on the desired project end date. Staff can also be assigned to projects on a role, skill or individual level. This means users can assign a “Senior Engineer,” an undetermined individual with “Quality Control” skills, or “Bob Smith” to a project. This also helps companies understand how many workers and what types of skills they might need to hire to finish a project. If certain employees or roles are overbooked, they display in red in the Meisterplan resources section. Because over allocation of staff in Meisterplan is easy and quick to identify, users can plan for adjusting projects to the current manpower or start hiring more workers. Alternatively, resource allocation in Meisterplan also shows users when they have more manpower than work. This helps users understand when they can take on new projects with succesful oil and gas resource management.
Of course, staffing isn’t the only challenge facing oil and gas companies looking for adaptability. Companies also need to decide which projects to work on. Meisterplan prioritizes projects based on user specified criteria. This means things such as risk level, cost, and financial benefit can be used to create a prioritization score. Projects can then be compared based on the prioritization score. This gives companies a much easier understanding of potential projects, their investments, and their value. Users can compare scenarios to see how different project plans provide different benefits and outcomes.
Meisterplan also displays financial information in easy to understand visuals. Each worker or role can be assigned a cost and additional costs can be added in to each project. The total cost of the project and its projected profits are then calculated and displayed graphically so users can manage project budgets. Because a large portion of operating expenses are from staffing, the costs of each project will automatically change when adding or removing workers from a project. Projects that are overbudget will appear in red, letting users know changes will be needed to keep projects on track.
Changes in Meisterplan are as easy as dragging and dropping projects. If a project needs to be moved up, all of the project data like total man-hours needed and operating expenses are updated automatically in real-time. There’s no recalculating of man-hours or the changes in monthly expenditures. This is all done for you. Making changes is easy and effortless, so you can adapt and update your plans as much as needed.