New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of asset-based financial engineering. A trip through the life of a project allows us to understand how to forecast the future based on existing information.
World-wide an alarming number of large capital projects fail to meet, or overrun their planned budgets, failing to realize both the financial and strategic goals of the organization - the very reason for their being undertaken in the first place - often with sizable increases in capital and operational expenditures, and with substantial financial losses to the organization.
In the majority of cases, this is the inevitable consequence of failing to apply the tools and techniques of modern project decision-making, evaluation, financial planning, capital management and cash flow analysis when considering investment into new capital projects.
Of paramount importance therefore, is the systematic and comprehensive evaluation of potential investments, and the development of detailed cash-flow analyses to determine as accurately as possible, the expected returns to the organization under varying conditions of uncertainty over the expected productive life of the project.
This requires the development of sound, realistic, and carefully structured cash-flow projections, reflecting both the initial capital expenditures required for the acquisition of the asset, as well as the operational expenditures required for successful operation and maintenance of the asset over its anticipated productive life.
Introduction Large capital-intensive projects in all major industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
Personal Impact Participants will enhance their understanding of the time value of money, as well as learn how to use the basic tools of financial engineering such as Net Present Value, Internal Rate of Return, and Annual Worth calculations Participants will learn how to evaluate and compare various alternative solutions over differing time horizons Detailed explanations of the tools and techniques to determine and continuously monitor project feasibility, will enable participants to select projects with the best capital investment potential Participants will learn how to identify, plan, structure and manage risks to the overall delivery of projects — a powerful forecasting and control element leading to project success Who Should Attend?
The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss, and will drive the decision to develop or abandon the well.
The decision whether or not to invest in new capital projects, starts with critical decisions during the exploration phase of a new development, or the expansion of an existing field.
This GLOMACS training seminar is designed for programme and project management professionals, project leaders, project engineers, cost engineers, and other senior project control and business services professionals who are responsible for or involved in evaluating projects and managing cash flow throughout the duration of project delivery.
This GLOMACS programme includes individual exercises, team projects, applicable case studies and group discussions that will bring to life the skills acquired throughout the course.
The material has been designed to enable delegates to apply all of the material with immediate effect back in the workplace. Understanding the decision-making process The power of the business case Financial decision-making tools The importance of Project Risk Management How to identify risks during development and respond appropriately Objectives At the end of this GLOMACS training seminar, you will learn to:Managing Under Uncertainty (MUU) develops introductory skills concerning managerial decision making.
You will develop an understanding of decision making processes with a focus on critical judgment, analytical logical reasoning and creative problem solving. You will also be introduced to decision. GSBS Managing Under Uncertainty Assignment 3: Personal Case Reflection 2 Length of the Report The report should not exceed the.
Tools & Techniques for Managing Risk & Uncertainty Explore Course Details Below. Code The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss, and will drive the decision to develop or abandon the well.
downloading, storing (in any. Assignment 1 observation review 2 SCHOOL University of Newcastle; COURSE TITLE GSBS ; TYPE. Homework Help. UPLOADED BY GSBS’Managing’Under’Uncertainty ’ ’ Assignment 1: Course Outline. Training Measurement Uncertainty Analysis Intro to Uncertainty Analysis Course Outline.
Introduction to Uncertainty Analysis. Course Outline. This outline applies to the course of instruction presented by Integrated Sciences Group that provides a straightforward and easy-to-understand introduction to the principles of measurement uncertainty.
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