Courses

Learn how to apply a logical and consistent framework to solve different decision problems. 3-hour focus sessions and 90-minute lunch&learns tailored to your needs.  1, 2 and 5-day courses that combine practical application of decision analysis and provide insight to the science behind.

We structure the training around practical application of decision analysis methodology with an interactive and involving teaching style. By utilising relevant case studies and group work, we ensure that participants gain a deep understanding of the subject-matter. The variety of training we provide enable participants to advance their decision-making capabilities independent of previous experience levels or educational background.

Short Sessions


T01 - Tailored focus session

A typical session is divided in three parts. First, a brief introduction to how decision analysis can be used to facilitate strategic decision-making. Second, the client’s specific decision problem: An overview of the problem situation, decision criteria, important issues, strategic decisions, uncertainties and risks, strategy alternatives, problem structure, cash flow model and decision proposal requirements. Last, the cost-benefit of the suggested approach and possible ways forward.

LL01 - The framework

This lunch-and-learn provides a fun and thought-provoking introduction to decision and risk analysis. Learn how to combine intuition, experience and analysis to evaluate key aspects of a given decision situation. The methodology presented provides a structured and consistent framework to model and analyse different problems with the goal of enhancing our decision making ability. Examples are used to illustrate how high quality decisions derive from the right combination of thought, communication and computation.

LL02 - Methodology A-Z

Methodology sessions that provide a basic introduction to the most important decision analysis concepts and techniques. Increase the likelihood of capturing what is important early on, align team members and maximise value creation. Examples are used to illustrate how the different concepts and techniques are applied through a structured process that provides insight and drives the project forward.

General courses


S01 - Combine experience, intuition and analysis

2-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.

SC01 - Framing and problem structuring

1-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.

SC02 - Decision modelling for insight

1-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

SC03 - Evaluating real options

1-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.

SC04 -

1-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.

SC05 - Evaluating new technologies

1-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.

Oil & Energy courses


E01 - Exploration and appraisal projects

1-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.

E02 - Early phase projects

1-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. .

Decision
Nodes

We are a small and focused management consulting company. Decision analysis and cross discipline collaboration have been key cornerstones throughout our careers. We have seen how improper analysis can lead projects astray, but we have also experienced how a structured approach to decisions, risks and uncertainties can contribute to sustainable growth for an entreprise. We deliver the ability to tackle and solve challenging decision situations and engage our clients in exploiting their full value potential.