Advanced Project Economics, Risk & Decision Analysis

By the end of this Advanced Project Economics, Risk & Decision Analysis training course, participants will be able to:

• Effectively manage uncertainty in project environments
• Understand and apply key economic and financial concepts
• Use expected value theory and assess its role in decision-making models
• Explore risk behavior, including risk aversion, and understand the concept of risk premium
• Gain proficiency in spreadsheet-based modeling and simulations using @RISK software
• Conduct cash flow analysis and compare competing project alternatives using standard economic metrics
• Perform comprehensive risk and sensitivity assessments using practical spreadsheet applications

This Advanced Project Economics, Risk & Decision Analysis training course will incorporate a mix of learning methods, including but not limited to, high quality power point slides, short videos and active class participation.

An in-depth knowledge of quantitative risk analysis techniques and hands-on problem solving skills will be developed during this training course . Participants will use PC’s to solve a variety of problems better enabling them to utilize the taught material.

This training course approach will be facilitated using Microsoft Excel add on @Risk module and will further assist in promoting discussions among the participants.

Organizations that invest in this Advanced Project Economics, Risk & Decision Analysis training course will benefit through enhanced decision-making and risk evaluation capabilities within project teams. Key benefits include:

• Strengthened ability to conduct financial appraisals and risk assessments for capital projects
• Enhanced analytical skills to identify and address risk elements during project planning
• Improved evaluation methods to justify projects based on financial return and risk profiles
• Empowered staff capable of contributing to interdisciplinary project evaluation teams
• Practical exposure to Monte Carlo simulation and its application to real-world projects
• Greater value contribution to ongoing initiatives through practical case study application
• Ability to detect and focus on critical drivers of project success or failure

Participants will gain practical tools and techniques for managing economic and risk factors in complex projects. Upon completion, they will:

• Understand the complete decision analysis process and construct effective project cash flow models
• Apply decision tree analysis to evaluate strategic alternatives
• Use @RISK software to perform advanced simulation and modeling
• Improve their ability to identify key uncertainties impacting project outcomes
• Gain a solid foundation in financial and risk-based decision-making for project evaluation

This training course is designed to provide technical and practical approaches to executing a project in the upstream sector.

This KC Academy Advanced Project Economics, Risk & Decision Analysis training course is suitable to a wide range of professionals but will greatly benefit:

• Planning Managers
• Project Managers
• Analysts
• Commercial Managers
• Economists
• Government Officials
• Geologists
• Business Advisors
• Asset Managers
• E&P Managers
• Product Managers
• Project Management Professionals