Press Release Headlines from eReleases

Increasing People Performance Improves Energy Sector Profits and Productivity, Says New White Paper from Chronos Consulting

Chronos Consulting executive Imaad Mahfooz speaks at PMI Conference and University of Houston

HOUSTON, June 25, 2013 /PRNewswire/ – Oilfield service companies leveraging global teams and virtual workforces can ensure they find, hire and train the right talent by improving their human capital functions, according to a new white paper released by Chronos Consulting.

(Logo: http://photos.prnewswire.com/prnh/20130625/PH37641LOGO )

The white paper, titled “Unleashing People Performance for Higher Global Profits and Productivity,” addresses the top human capital, supply chain and operations concerns for organizations in the energy sector today, including managing North American and global operations and offshore value chains, developing and retaining talent while dealing with high turnover and managing global cross-functional teams in complex projects. It explores how oilfield services and energy companies can increase profits and productivity by improving the performance and morale of their people. The paper, developed in collaboration with the world’s leading oilfield services companies, including Halliburton, has been authored by Chronos Consulting Director Imaad Mahfooz and the University of Houston’s Dr. Gordon D. Smith, Professor of Supply Chain Management.

The white paper goes on to outline five strategies for oilfield service companies to leverage human capital for improved profits, productivity and talent management.

“We are seeing today that many oilfield services companies are managing various teams around the world, which creates obvious logistical issues and communication challenges,” said Mr. Mahfooz. “With this white paper, we are presenting new insights into how organizations can effectively manage these teams, while reducing turnover and minimizing issues often caused by cross-cultural communication and working with local contractors. Through finding and nurturing talent and developing collaborative cross-functional and global teams, companies can enhance profits and productivity, improve retention and leadership development and mitigate the costs of doing business on a global scale.”

“Continued success and improvement of business results for oilfield services companies are directly impacted by the confluence of HCM, SCM and operations management,” said Dr. Smith. “Performance improvement and margins require these firms to focus on people, planning and processes to manage the complex supply chains of the future.”

Mr. Mahfooz and Dr. Smith recently spoke at the PMI Houston Conference & Expo on increasing business ROI by improving global and virtual team performance. The presentation covered best practices including, managing multicultural communication challenges, developing frameworks for project goal agreement, resolving common conflicts and achieving team cohesion. The confluence of human capital, supply chain and operations management is seen as an emerging trend by Mr. Mahfooz and Dr. Smith, and they continue to explore ways in which organizations can benefit from this concept.

Mr. Mahfooz speaks regularly to groups on the challenges faced by global organizations and how they can effectively address them when managing global, cross-functional and virtual teams. He is an often-requested speaker at the University of Houston and spoke on managing global supply chain teams on June 4.

To download the white paper “Unleashing People Performance for Higher Global Profits and Productivity,” visit Chronos Consulting Oilfield Services White Paper.pdf

About Chronos Consulting and Imaad Mahfooz:

Chronos Consulting, based in Houston, Texas, specializes in significantly improving business results for organizations, particularly for performance improvement, global, cross-functional & virtual team- building, supply chain and human capital management and shared services. Its goal is to assist clients in areas of proficiency and achieve breakthrough business results in compressed timeframes, with a guaranteed ROI. Mr. Mahfooz has extensive expertise in managing cross-functional and multicultural teams on complex global business and IT projects. To learn more about Chronos Consulting, visit http://www.chronosconsulting.org or email Mr. Mahfooz [email protected].

Please direct inquiries to:
Imaad Mahfooz, 713-817-1748
Email