P01 - DECISION ANALYSIS CERTIFICATE PROGRAM
Develop your decision analysis proficiency through a four course training program and receive a professional certificate that demonstrates your accomplished training and insight to the topic. The program is designed to help you develop new skills, broaden your knowledge base and gain an advantage in your career. At the end of the program you will have the confidence required to lead a group to a decision and facilitate interactions among those who support and provide input to decision-making.
The program is 5 full days in total (2+1+1+1) and it is well suited for decision-makers and professionals who support strategic decision-making. It provides you with the skills and techniques needed to structure and model different decision situations and establish a sound decision basis. Complete the two compulsory general courses S01 and SC01 and select two 1-day courses of your choice to fulfil the certificate requirements. Each course is followed by an online exam which you can complete at your own pace and convenience.
Ongoing enrolment
2+1+1+1-day program
Lectures, case studies, group work
Compulsory
courses
Optional general courses
Optional oil & energy courses
Training certificate
Professional certificate to document accomplished training issued after program completion.
Target group
Decision-makers and professionals who wants to obtain proficiency in supporting and executing strategic decision-making.
Background
University level degree. Basic understanding of fundamental economic theory is recommended and some experience from project work comprising multi-disciplinary teams is an advantage.
ENROLMENT
This training program is available for open enrolment to the course dates specified below. Please sign up to each desired course or get in touch for information about alternative dates for our other courses. The final course in the program, which is free of charge, is agreed after completion of the third course.
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PROGRAM FEES
4 courses
45% discount (5+ participants)
Group discount + last course free
4 courses
20% discount
Last course free
INSTRUCTORS
More than 35 years of combined experience in the field of decision analysis.
FAQs
Q: What is the average number of participants?
We usually set a ceiling of maximum 25 participants at all our courses. This allows the training to be highly interactive and make good use of case exercises and open group discussions.
Q: When is the next training event scheduled for and where?
Our open enrolment courses are scheduled at regular intervals throughout the year. You can search our calendar for more information. Many organisations prefer to arrange in-house training and this can be arranged upon request. Our training events will be held world-wide, although our base is in Norway.
Q: We are looking into the possibility of running a series of courses and lunch and learns within our organisation. Can this be arranged?
Yes, a significant portion of our teaching is done in-house and in close cooperation with the client. Please get in touch to discuss your requirements and needs. Prices and timing are agreed on an individual basis for this type of assignments.
OUR OTHER COURSES
General courses
S01 – Combine experience, intuition and analysis
6. October 20152-day course: Learn the fundamentals of decision analysis. How to structure different types of decision problems. Identify key aspects, main value drivers and relevant risks. Optimise sequences of decisions and possible outcomes. Evaluate costs and benefits of data gathering programs. Identify real options, non-linearities and strategic values. Present and communicate decision alternatives. … Read More
SC01 – Framing and problem structuring
6. October 20151-day course: Learn different framing and problem structuring techniques to increase the likelihood of capturing what is important early on, align team members and maximise value creation. Learn how to identify key decisions and relevant risks and uncertainties as early as possible. Present and communicate decision alternatives, main value drivers, risks and recommendations. … Read More
SC02 – Decision modelling for insight
6. October 20151-day course: Learn how to build decision models to increase the likelihood of capturing what is important early on. Construct models to reflect the problem structure for various decision problems. Course participants are guided through the process of building a simple decision model using Excel by Microsoft and @Risk by Palisade*. The model is used in team exercises to illustrate the value of proper modelling, insightful result plots and best practice workflows. … Read More
SC03 – Evaluating real options
6. October 20151-day course: Learn how to use a structured approach to identify real options in different types of projects. Incorporate the real options into the initial problem structure and estimate the value of the options. Weigh the cost of incorporating flexibility into the project against the probability and value potential of capturing upside. … Read More
SC04 – Decision analysis for managers
7. October 20151-day course: Learn how to interpret and gain insight from decision modelling results, establish best-practice workflows, use different types of economic indicators, distinguish between relevant and irrelevant project risks and optimise projects and portfolios under capital constraints. Examples are used to illustrate how high quality decisions derive from the right combination of thought, collaboration, computation and communication. … Read More
SC05 – Evaluating new technologies
5. October 20151-day course: Learn how to utilise technology readiness levels, technology novelty categories and decision/governance processes to evaluate and compare relevant technologies. Calculate key technology risks and incorporate them into the problem structure. Communicate main value drivers for the technology options as well as for the project as a whole and compare competing alternatives in a consistent way. Learn to differentiate between enabler and enhancer technologies and value potential on project and portfolio level. … Read More
Oil & energy courses
F01 – Multi-disciplinary field trip
9. January 20165-day field trip: Learn how to extract critical geological information and understand its implication for volume estimation, producability, drainage strategy, drilling strategy, development concept and value. Identify key value drivers and contribute to constructive multi-disciplinary discussions at the intersection between geo-modelling and project modelling using decision models and decision analysis methodology. … Read More
E01 – Exploration and appraisal projects
10. October 20151-day course: Learn how to estimate the economic value of a prospect based on an optimised sequence of decisions and possible outcomes. Adapt a fit for purpose approach given the incomplete data availability and the fact that many of the assumptions made are often conceptual and based on analogues. Estimate geological and commercial risks and evaluate the costs and benefits of appraisal and other data gathering programs. … Read More
E02 – Early phase projects
10. October 20151-day course: Learn how to bring a discovery from appraisal to concept selection and development. Learn how all elements from reservoir to market can be included in the analysis and how different appraisal programs, development alternatives and drainage strategies can be compared. Present and communicate decision alternatives, main value drivers, risks and recommendations. … Read More