Build a CEO operating review around three decisions

Build a CEO operating review around three decisions

In this articleLead with the material changeConnect execution to the accepted planPut the decision in one sentencePreserve a path to the detailA CEO operating review should make three things clear: what materially changed, whether execution is tracking to plan, and...
Gross and net reporting: agree on ownership before comparing wells

Gross and net reporting: agree on ownership before comparing wells

In this articleStart with the interest definitionKeep the question in viewMake the arithmetic transparentShow basis beside the resultGross and net measures describe different reporting scopes. Before comparing assets, establish what ownership interest has been applied...
Cash month and activity month: two dates that change the story

Cash month and activity month: two dates that change the story

In this articleName the basis in the reviewMatch the question to the timelineBuild a small timing bridgeCarry corrections forward visiblyCash month and activity month answer different questions. A cash oriented view follows the timing defined by the financial records....
budget-versus-actual: turn an AFE variance into a useful question

budget-versus-actual: turn an AFE variance into a useful question

In this articleConfirm the baselineMove from total to categoryTest the explanationMake the review actionableAn AFE variance becomes useful when you can identify the work and cost categories responsible for it. Start with the approved comparison, confirm the actual...