Often there will be uncertainties when investment or strategic decisions are to be made. These can range from minor cost, schedule and design risks to major and complex geopolitical and macroeconomic issues with long term impact. How can such uncertainties and risks be assessed in such a way that sufficient clarity is created to facilitate sensible decisions?
These topics are generally considered to be part of the broader field of Decision Analysis. Although clearly decision processes, intuition and psychology are important, NavIncerta specifically focuses on the analysis methodologies that underpin such decisions, with emphasis on the assessment of risks and uncertainties. Relevant concepts and methodologies for such analyses are embedded in a set of attractive tutored online courses (not to be confused with MOOCs).
“The reality is that most organizations do not handle uncertainty well and that researchers have not provided adequate answers about how to plan under conditions of high uncertainty and complexity.“
The curriculum is now embedded as part the training of many analysts within a medium sized oil and gas company. Average rating of the quality is 8.6 on a scale of 1 to 10.
“..very to the point (no textbook bullshit), very approachable, even if you had no background experience, and I could quickly see the application for what I was learning in my daily work…”
“Enjoyed the content and level it was pitched at; the concepts were clear and the example spreadsheets highly useful.”
“I liked the fact that the course is very clear and concise, so that you are able to learn a wide range of material in a short amount of time.”
“I liked the informal tone in which the course is conducted, together with the close presence of teachers through teleconference.”
“I think the NavIncerta course material is absolutely excellent.”
NavIncerta has entered into a partnership with PETROEDGE in Singapore for deployment of the curriculum in the oil, gas and power sector in Asia, Australia and the Middle East.
24 November 2016, 3 PM CET: Guest lecture (webinar format) by Prof. Reidar Bratvold (for course participants and alumni only)