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Petroleum Business
Advanced Decision Analysis with Portfolio and Project Modeling
An advanced, hands-on programme on constructing robust decision models for individual projects and whole investment portfolios. Working in pairs on spreadsheet models with simulation and decision tree add-ins, participants concentrate on sound evaluation thinking rather than any single software tool. The aim is better forecasts, clearer risk policy and more defensible investment choices.
- Discipline
- Petroleum Business
- Level
- Specialist
- Duration
- 5 days
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Evaluation engineers, planners, analysts, economists and managers who already have some grounding in decision analysis and build forecasting or portfolio models.
What participants will be able to do
- Frame and construct decision models that surface key insights
- Apply a utility function to express corporate risk policy
- Design constrained portfolio optimisation models
- Assess the value of imperfect information with decision trees
- Build high-quality spreadsheet models for project and portfolio evaluation
Topics covered
- Decision model framing
- Risk policy and utility
- Portfolio optimisation
- Value of information
- Monte Carlo simulation
- Spreadsheet model quality