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.
For more information about this training course please refer to the leaflet. 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.
