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This seminar synthesizes the key concepts of uncertainty and probability in opportunity characterization for a more predictive portfolio. Modern portfolio concepts are introduced leading towards more informed decision making and improved management performance. The morning session deals with the state of risk analysis in the industry, linking probability assessments to the petroleum system. The afternoon session illustrates the role portfolio concepts and project interactions play to outline fundamental approaches to decision making. We conclude with elements of tracking portfolio performance and implementation issues.
Participants in this course will learn:
· Resource and probability estimation
· Coping with & communicating uncertainty
· Play analysis as a planning tool
· Project uncertainty at the Portfolio level
· Defining strategies and allocating resources
September 28th, 2006 8:00 AM