Decision Analysis and Critical Decision Making Methods for Oil&Gas Professionals

This comprehensive training course examines techniques for decision analysis with emphasis on aligning personnel at the earliest possible to changes, making systematic prioritization in assessments & evaluations and the decision evaluation with trade-off analysis within design, construction, operation, Inspection & Maintenance and decommissioning related disciplines focusing on digitalization possibilities.

Professionals within manufacturing, construction, projects, and asset integrity  management in general, as well as practicing personnel from mechanical, process, structural, chemical, etc., engineering disciplines will be benefited with acquiring knowledge for continuous improvement (CI) in the digital age. The course is focused to minimize variability in assessment and control processes which is the most central human activity, intrinsic in our biology and done both consciously and unconsciously in an ad hoc manner causing suboptimal decision prioritizations. Use of artificial intelligence (AI) for minimizing variability in risk-based asset integrity assessment and control will be explained with practical cases. The use analytic hierarchy process (AHP) will be explained, for assessing and documenting the priorities assessment and control process in various offshore/onshore applications. Setting priorities based on own industrial problems from the participants will be discussed with special emphasis on developing decision hierarchy and making pairwise comparisons by considering their benefits, costs, risks, and opportunities, and the resources need.

In summary, this course focuses on continuous improvement (CI) via performance measurement (‘You can’t manage what you don’t measure ‘) to increase profit margins via reducing operational costs [i.e. by minimizing ‘waste’ in physical (e.g. at plant level or field operations) and knowledge work (e.g. at assessments and recommendations carried out in the office work)].