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Fact Based Management   Graphic Element Our Mission  
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Introduction

While no one knows for certain what the coming years will bring, forward-thinking leaders posses the insight and ability to capitalize on changing events. Where is your company today? Where do you want to be tomorrow? What are your strengths and challenges? What changes need to be made to survive in the marketplace? Success begins by asking these and similar questions. Knowing how and when to respond is the key. Fact Based Management (FBM) has a proven track record in meeting the needs of their clients by helping them address these concerns.

 

SpacerThe Concept

Fact Based Management is a concept that provides a basic framework for the analysis and redesign of work processes with the goal of increasing production and profits while reducing costs within the organization. The redesigned work processes are individually tailored to the specific needs of the organization. The core competency within FBM resides in the ability to effectively implement "results-based" operating improvements.

Results that a company can expect from the implementation of the Fact Based Management process can range from $4 million to over $1 Billion in profits.

  SpacerExamples
  • A large electric utility operating in the United States reduced their backlog by 35% and initiated a loan labor program resulting in savings in excess of $8 million.
  • A major oil company implemented the FBM process in more than 100 production units with profits ranging from $7 million to $50 million per unit, with total profits exceeding $1 billion.
  • A maintenance engineering project for an automotive client resulted in a $30 million profit improvement.
  • A major oil refinery moved from the fourth quartile to the first quartile in the Solomon rankings while reducing labor costs by $6 million and increasing production by 20,000 barrels per day.

 

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