Decision Making with Confidence training course
Two-day training course to help make well-founded decisions and deal with uncertainties in the decision-making process.
Being in business means taking risks. However, a network operator has responsibility for assets that not only have a very high economic value, but are also vital in relation to the reliability of the power supply. Long-term decisions on a tactical and operational level are very hard to automate. You'll still need people to determine the alternatives and to make an objective decision.
DNV has developed a structured approach for asset management. This general two-day training course addresses subjects from decision theory that can be used in the field of asset management, such as decisions relating to new build, replacement and maintenance investments.
Subjects:
- Environment: organisation, asset management process, regulatory constraints
- Technique: alternatives, technical constraints
- Uncertainty: failure probability, scenarios, assumptions, statistics, reliability and various analysis
- Economy: net present value, life cycle costing, cost matrix
- Decision theory: process, problem definition, criteria, functions, preconditions, portfolio management, optimisation
Result:
You will be able to make well-founded, objective and transparent decisions. You will learn how to deal with uncertainties and you will gain the knowledge to manage risks and cut costs.
Target Audience:
Anyone involved in the planning, design and maintenance of power and/or gas networks.
This course is available on request. If you are interested in this course, please contact us.
The general course can be supplemented with master modules to provide in-depth knowledge about specific subjects such as statistics, data analysis, sensitivity analysis, decision and risk trees, scenario analysis and process guidance. The course addresses power and/or gas networks, but is also applicable to other networks, such as water and telecom networks. Please contact us for more information.
