Keynote Presentation

Beyond Budgeting – An Agile Management Model for New Business and People Realities – the Statoil Implementation Journey

Plenary Room 05/16/2017 3:30 pm - 4:15 pm
Bjarte Bogsnes
VP Performance Management Development, Statoil

– The problems with traditional management, including budgeting
– The Beyond Budgeting principles and companies on the journey

– Implementation experiences and advice
– Statoil’s “Ambition to Action” model

  • redefining performance – dynamic and relative with a holistic performance evaluation
  • dynamic forecasting and resource allocation and no traditional budgets
  • from calendar-driven to event-driven; a more self-regulating management model