Learning Objectives:
The course will introduce participants to the fundamentals of excellence in early stage projects in the energy business, providing them with the knowledge and skills to maximise project returns measured against agreed performance criteria in the context of risk and uncertainty. Delegates will be trained in the importance of “Do the right project, do the project right”. Specifically, delegates will learn:
- How to set goals, scope and priorities with project framing within stage gated project delivery context
- The principles of quality decision making
- How to focus project delivery on key economic and business performance metrics
Course Content:
The learning objectives will be achieved through a modular course structure. Hands on worked examples are combined with presentations, quizzes & group exercises. The modules include:
Quantitative analysis
- Monte Carlo simulation
- Decision tree theory
- Value of information
- Bayes theorem – buying imperfect information
Softer skills
- Bias in decision making
- Decision quality
- Feelings about ‘utility’, gains and losses
Enabling processes
- Project framing
- Stage gated project delivery
- Risk management
- The 11 stage approach to decision and risk analysis
Who Should Attend:
Those working in energy companies, national and local government, engineering and consultancy companies who wish to have a stronger impact on business performance in the energy industry. The course is ideally suited to professionals working in projects, engineering, management, tax, finance, commercial, sales, marketing and other support roles.
Instructor:
The course will be presented by Richard Woodhouse who has 28 years’ experience in the energy business combining engineering, project management and investment analysis roles. Richard spent eight years at Shell where he was an investment analyst prior to leading a large investment analysis team providing senior management with decision support for all of the Shell operated assets in Europe. Richard is a Director at Dundas and is very active in investment analysis, engineering and project management in energy projects.
