Decision Support Systems for Oil and Gas Projects

GNOVA
Last Update August 27, 2024
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About This Course

Decision-making support systems (DMSS) methods are widely used for technical, economic, social and environmental assessments within different energy sectors, including upstream oil and gas, refining and distribution, petrochemical, power generation, nuclear power, solar, biofuels, and wind.

Decision Support Systems for Oil and Gas Projects programme provides participants the advanced skills required to execute effective business strategies. Looking at the Project Sanctioning and Approval Process (PSAP), which allows the viability of a project to be measured with emphasis to time, cost benefit and value addition.

Practical instruction will be provided on the relevant project processes and tools as well as consider the organisational structures to support the likelihood of future projects yielding desired result. This introduction to project sanctioning will lead into detailed planning and execution leading benefits being delivered.

Learning Objectives

Systematically define, design, and integrate end-user requirements in the project decisions
Examine & understand key contextual requirements within the project environment
Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
Accurately estimate and allocate project costs and associated benefits
Analyse & understand how the time-value of money techniques help to support decisions

Target Audience

  • Senior management decision makers
  • Commercial management
  • Financial management
  • Senior business services professionals who have the responsibility for projects and costs in client and contracting companies

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