An Intensive 5-day Training Course
Decision Analysis for Operation
& Maintenance Professionals
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Why Choose this Training Course?
This Decision Analysis for Operation & Maintenance Professionals training course examines techniques for decision analysis with emphasis on prioritization and the decision making process to be carried out by operation & maintenance professionals. Decision-making is the most central human activity, intrinsic in our biology and done both consciously and unconsciously. We need it to survive. Taking a decision is not just a question of selecting the best alternative. Often one needs to prioritise all the alternatives for resource allocation among a portfolio of option, or to examine the effect of changes introduced to initial judgments. We need to set priorities on these solutions according to their effectiveness by considering their benefits, costs, risks, and opportunities, and the resources they need.
This PetroKnowledge training course will feature:
- Breaking a problem down into its constituent parts or components, in the framework of a hierarchy.
- Establishing importance or priority to rank the alternatives is a comprehensive & general way to look at the problem in a formal manner.
- Application of multi criteria decision-making (MCDM) to practical problems.
- Introduction to different operational research & management science methods.
- Enhance decision-making with goals and criteria & show how to measure and rank them.
What are the Goals?
By the end of this training course, participants will be able to:
- Improve productivity through use of better, timelier information.
- Understand how world-class organisations solve common asset management problems.
- Optimise planning and scheduling resources, carry out optimised failure analyses.
- Optimise asset management budgets by avoidance of unplanned equipment failures in service.
- Develop a practical approach of an action plan to utilise these technologies in their own areas of responsibility.
Who is this Training Course for?
This training course is suitable to a wide range of technical professionals but will greatly benefit:
- Operation and Maintenance Professionals
- Key Operations Supervisors
- Internal Improvement Consultants
How will this Training Course be Presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes hands-on, stimulating experience and using interactive user friendly decision analysis software. The training course is highly interactive with many discussion and facilitated practice sessions. Key points will be emphasised with case study examples. There will be a combination of presentation sessions and workshops during in this training course.
Daily Agenda
Day One: Introduction to Decision Making
- Scope and significance of decisions
- The Decision making process
- The concept of best practice through learning from worst practice
- Introduction to reliability and Weibull analysis
Day Two: Implementing Multiple Criteria Decision Analysis using the Analytic Hierarchy Process (AHP)
- Definition of Decision Analysis
- How, and Why, Bad Decisions are Made
- Guidelines for Good Decision Analysis
- What is AHP?
- Benefit/Cost Analysis
- Resources Allocation
Day Three: Risk Management through Failure Mode & Effect Analysis (FMEA)
- Fault Tree Analysis
- Risk Priority Number
- The Criticality Matrix
- Modelling Reliability of Systems
- Series and Parallel Systems
- The Redundancy Concept
Day Four: MRP and ERP Systems
- What is ERP and how did it develop
- What is MRP System
- The Bill of Materials
- Master Production Schedule
Day Five: Decision Analysis for Optimisation of Maintenance Activities
- How to get the most of your CMMS?
- Benefits that can result from CMMS
- Optimum Decisions for Maintenance Policies
- Key Features of Next Generation Maintenance Systems
- How to transform Data to Decisions
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
