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Advanced Decision Analysis with Portfolio and Project Modeling - ADA

PetroSkills
Course summary
Length: 5 days
Price: 4,870 USD excl. VAT
Location: London
Next available date: 16/10/2017 - London
Provider: PetroSkills plus
Course type: Open / Scheduled

Advanced Decision Analysis with Portfolio and Project Modeling - ADA

PetroSkills

Advanced Decision Analysis with Portfolio and Project Modeling - ADA - A PetroSkills course

Quality forecasts and evaluations depend upon well-designed project and portfolio models that are based upon clear decision policy, sound professional judgments, and a good decision process. In this course participants learn to build good models. We use the familiar Microsoft Excel spreadsheet as the platform for project and risk assessment models. Add-in software provides Monte Carlo and decision tree capabilities. The course emphasis is on the evaluation concepts and techniques, rather than particular software programs. One personal computer is provided, at additional cost, for each two participants.

Suitability - Who should attend?

Evaluation engineers, analysts, managers, planners, and economists. This course is intended for professionals involved with developing project evaluation, portfolio, and other forecasting and assessment models. Prior background in decision analysis is expected. Before registering, please visit http://petroskillsonline.com to review course prerequisites and to take a short self-assessment quiz. You may login using 'participant' (no quotes) as both the user ID and password.

Outcome / Qualification etc.

How To: Frame, build, and evaluate decision models and extract key insights; Apply the exponential utility function for risk policy; Design investment portfolio optimization models that include constraints, requirements, and typical interrelationships between projects; Use decision tree software for value of imperfect information analysis; Use Monte Carlo simulation software with optimization; Develop quality Excel models for projects and portfolios

Training Course Content

Decision Modeling: application of DA process for modeling; influence diagrams; free cash flow concept; sensitivity analysis; good modeling practices; real options overview; Monte Carlo Simulation: prospect risking (similar to play analysis); calculating probabilities and distributions with simulation; modeling and optimizing investment portfolios; valuing added control and flexibility; stopping rules; ways to model correlation; Decision Tree Analysis: value of information review; sensitivity analysis; solving with utility for risk aversion; Decision Policy: overview of finance theory related to PV discount rate and risk (CAPM, modern portfolio theory); shareholder value model; portfolio optimization to maximize value; efficient frontiers; multi-criteria decisions; risk policy as a utility function; expected utility and certain equivalent; insurance and hedging; Implementation: presentation formats; judgments and biases; model-centric enterprise model and balanced scorecard element focusing on shareholder value creation

Expenses

The course price depends on the selected location or venue.

In-house training

This course can also be delivered as in-house training for your team at your offices or at any convenient location. PetroSkills can provide you with a flexible and cost-effective solution for your staff training.

Provider: PetroSkills

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