500 sounds right but that's 300 less than 2008 levels and 3300 less than today's levels. Also the billable model is a excuse for poor management and literally encourages inefficiency. Consider the lowly etc sme, who's only target is billable. He is in charge of gathering work (the technical sales portion of his work load). What is he incentiviced to do? If say maximize billable. How does one do that? By milking the shit out of projects that sometimes should not be worked on at all. All along the bus that won't spend money are wasting money through low lying fruit of governance. The whole model is f***ed and doomed to failure. He people all want to leave. Its only a place to ride to retire or slowly die.
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This is so true. Look and any project that makes it to phase 3 and you'll see the majority of costs are related to PM and other analysis charges. When your PM accounts for 60-70% of labor costs billed you've got problems. The other thing is that the billing rates are stupid. OPCO's are being charged hundreds per hour for entry-level work. The consultants Chevron hires from Accenture and other managed partners are even worse. Fiscal OC at Chevron is appalling.
I know my skills have eroded. I think we all agree getting things done is not a value that is rewarded. So you just glide along. You get comfy and 10 years have blown by. Chevron is my new norm and we all know this is not normal.
I would agree. How you execute billable hours is charge against a budget. Chevron can not come up with a budget. Well they do and its never ever right. And yes this is a horrible place to be. And make no mistake the longer you stay the more you become Chevonized and less marketable in the real world of deadlines and performance.
More like what management
What poor management?