Advanced Project Economics, Risk & Decision Analysis

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 Advanced Project Economics, Risk & Decision Analysis training course approach will be facilitated using Microsoft Excel add on @Risk module and will further assist in promoting discussions among the participants.

The primary objectives of this Gulf Rowad Advanced Project Economics, Risk & Decision Analysis training course are to:

• Learn how to handle uncertainty in projects
• Understand different economic terms
• Understand the expected value concept and learn its impact on decision tree analysis
• Learn expected theory concepts and attitudes towards risk, risk eversion and risk premium
• Acquire spreadsheet skills including simulation software @RISK
• Carry out cashflow analysis for project and use common economic indicators to evaluate between competing alternatives
• Carry out a comprehensive economic study evaluating projects using risk and sensitivity analysis by means of spreadsheets

This Gulf Rowad 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
• Business Advisors
• Asset Managers
• Product Managers
• Project Management Professionals

Organisational Impact

By sending delegates on this Advanced Project Economics, Risk & Decision Analysis training course, your organization will benefit by:

• Learning how to apply economic valuation and risk assessment processes and techniques
• Help the participants to identify and analyze the risk involved in a project
• Assist the participants to apply the decision-making procedures to justify the projects in terms of profitability
• Participants learn the decision analysis process and foundation concepts so they can actively participate in multi-discipline evaluation teams
• Monte Carlo simulation is discussed and experienced in detail in hands-on exercises
• Adding value to company’s active projects, through the use of case studies
• Help participants to recognize and identify the influencing parameters

Personal Impact

By attending this training course, you will:

• Learn how to describe the elements of the decision analysis process and grasp how construct a project cashflow model incorporating sensitivity analysis
• Evaluate investment and design alternatives with decision tree analysis
• Gain the operational decision making techniques using @Risk
• Gain valuable knowledge in identifying the important uncertainties in projects
• Enhance your awareness of the influential parameters