In today's ever-changing oil and gas industry, predicting the future is becoming increasingly challenging. Therefore, relying solely on traditional forecasting methods and models may not always result in the best decisions. Scenario-based decision making is a powerful tool that can help oil and gas professionals to better prepare for the future and make informed decisions. This five-day training course, "Beyond Predictions: Scenario-based Decision Making in Oil and Gas Industry," will equip participants with the knowledge, skills, and tools needed to apply scenario planning to their work in the oil and gas industry.
This training course will feature:
Historic and state-of-the-art Scenario Planning
How the world’s largest oil and gas companies conduct scenario planning
Bringing potential future scenarios to life
Preparing for and adapting to potential future scenarios
The use of Artificial Intelligence and Big Data Analysis
Scenario planning as a process within the organization
Facilitation and reporting techniques
Quais são os objectivos?
By the end of this training course, participants will be able to:
Understand the importance of scenario planning in the oil and gas industry
Develop skills and knowledge to effectively use scenario planning tools and techniques
Learn to identify and evaluate key industry trends and drivers
Develop plausible and robust scenarios for decision making under uncertainty
Learn to analyze and compare scenarios to make informed decisions
Develop strategies for implementing and communicating scenario planning results
A quem se destina este curso de formação?
This training course is suitable to a wide range of professionals but will greatly benefit:
Oil and gas industry professionals involved in strategic decision making, including executives, managers, analysts, and planners
Professionals in related industries, such as energy, finance, and consulting, who are interested in scenario planning and its applications
Anyone interested in learning about scenario planning and its role in decision making in the oil and gas industry
Como é que esta ação de formação será apresentada?
This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos illustrating scenario planning in action, and case studies from inside and outside the industry. In particular, it involves extensive hands on practice and opportunities for participants to develop their own scenarios.
Descrição do curso
Day One: Introduction to Scenario Planning
Overview of scenario planning and its role in decision making
Historical examples of scenario planning in the oil and gas industry
Steps in scenario planning process: data gathering, scenario development, and decision making
Case study: analyzing and interpreting scenarios
Day Two: Oil and Gas Industry Trends and Drivers
Overview of key trends and drivers shaping the oil and gas industry
Economic, political, and environmental factors influencing the industry
Case study: identifying industry trends and drivers and their potential impacts on business decisions
Day Three: Developing Scenarios
Approaches to scenario development: qualitative, quantitative, and mixed methods
Scenario planning tools and techniques
Developing plausible scenarios: identifying and assessing key uncertainties
Case study: developing and testing scenarios in the oil and gas industry
Day Four: Scenario Analysis and Decision Making
Methods for analyzing and comparing scenarios
Identifying and evaluating strategic options based on scenario analysis
Decision making under uncertainty and risk
Case study: applying scenario-based decision making in the oil and gas industry
Day Five: Implementing and Communicating Scenario Planning Results
Strategies for implementing scenario-based decisions
Communicating scenario planning results to stakeholders
Review and evaluation of the scenario planning process
Case study: real-world implementation of scenario-based decision making in the oil and gas industry
O certificado
Coventry Academy Certificate of Completion for delegates who attend and complete the training course