Restructuring and Establish a

Management System

TIBA is one of the private companies in the field of contracting and public projects, with a growing portfolio in the sectors of oil and gas, infrastructure, and the leasing of diverse and specialized equipment owned by the company to serve its scope of work. 

The company has been operating in this field since 1998, experiencing growth reflected in the volume of projects, the increasing number of ventures, and revenue. Recognizing the urgent need to maximize the value of its resources, including personnel and equipment, as well as to enhance management practices and organizational structure, the company’s management deemed restructuring necessary to achieve optimal utilization of resources and minimize losses in terms of time, effort, and cost.

Skillset is involved in Developing a restructuring plan the company involves a systematic approach to enhance its organizational efficiency, adaptability

1. Assessment and Analysis:

1. • Conduct a comprehensive review of the current organizational structure, including departments, teams, and roles.
   • Analyze financial performance, identifying areas of strength and weakness.
   • Assess market conditions, competition, and industry trends impacting the company.

1. Define Objectives and Goals:

1. • Clearly outline the objectives of the restructuring plan, such as cost reduction, increased efficiency, or improved market positioning.
   • Set specific and measurable goals to track progress and success.

1. Communication Strategy:

1. • Develop a communication plan to keep employees informed throughout the restructuring process.
   • Clearly communicate the reasons behind the restructuring and the expected benefits.

1. Role Redefinition and Reallocation:

1. • Review existing roles and responsibilities, ensuring they align with the company’s strategic goals.
   • Identify areas where roles can be redefined or responsibilities reallocated to optimize workforce capabilities.

1. Cost Management:

1. • Evaluate and streamline operational costs, eliminating unnecessary expenditures.
   • Consider outsourcing non-core functions or consolidating certain operations to reduce expenses.

1. Training and Development:

1. • Identify skill gaps within the workforce and implement training programs to enhance employee skills.
   • Foster a culture of continuous learning to improve overall organizational capabilities..

1. Performance Metrics and Monitoring:

1. • Establish key performance indicators (KPIs) to measure the success of the restructuring plan.
   • Regularly monitor and evaluate the progress against set objectives.

1. Employee Engagement and Support:

1. • Provide support services for employees affected by changes, including counseling and assistance programs.
   • Foster open communication channels to address concerns and gather feedback.

1. Legal and Compliance Considerations:

1. • Ensure that all restructuring activities comply with relevant labor laws and regulations.
   • Consult legal advisors to navigate any potential legal implications.

1. Implementation and Adjustment:

1. • Roll out the restructuring plan gradually, allowing for adjustments based on real-time feedback.
   • Remain flexible and responsive to unforeseen challenges, making necessary modifications to the plan.

Tiba company planned to navigate the complexities of restructuring and positioning itself for sustainable growth in response to an increasing workload.

Skillset role is to carry out a deep scanning to detect the company’s position and its need to propose an organization chart enabling the business cycle to move forward smoothly and accelerate the business objectives.

1. The proposed structure by Skillset provides a balance between functional areas, allowing for efficient project execution, strong business development, and robust support functions. Keep in mind that the actual structure may vary based on the company’s specialization, the types of construction projects it undertakes, and regional considerations. Regular reviews and adjustments to the structure may be necessary to adapt to changing business needs.