Decision and Risk Analysis for Projects

Source: AIChE
  • Course ID:
    ELA126
  • Type:
    eLearning (online) Course
  • Language:
    English
  • Skill Level:
    Intermediate
  • Duration:
    3 hours
  • CEUs:
    0.30
  • PDHs:
    3.00

Share This Post:

Improve the quality of your project decisions by employing a disciplined approach to decision-making that takes risk into consideration. In this online course, you’ll learn how to avoid “gut-feel” decisions and maximize the value of your decisions throughout the lifecycle of a project.

Take this online course and learn how to choose from different decision-making methods that will help you make the right investment choices for your company.  The course begins with a brief summary of the time value of money, present value and profitability indices and how to turn them into key economic parameters. You’ll examine how to utilize decision-making methodology with different types of projects.

You’ll learn how to:

  • Choose from mutually exclusive projects
  • Build multi-project portfolios
  • Assess tolling options versus direct manufacturing
  • Select research and development projects
  • Handle licensing and royalty issues
  • Manage joint ventures
  • Acquire assets and companies

You can expect to explore a range of risk analysis, from the simplest use of sensitivity analysis to the use of the more complex Monte Carlo simulation approach. Throughout the course, practical exercises and problems will bring the concepts you learn to life.

Instructor(s): 

Robert Salvin

Robert Salvin is a chemical engineer with over 40 years of experience in the chemical industry. He has been associated 35 of those years with LyondellBasell and its predecessor companies, Lyondell and ARCO Chemical.  Throughout his career, Salvin has focused primarily on corporate development with responsibility for economic evaluation guidelines and methodology for the company worldwide. He has an MBA in finance with degrees from Drexel University and is the instructor of AIChE’s eLearning course “Economic Evaluation for Chemical Engineers” as well as several AIChE Academy Videos....Read more

Checkout

Checkout

Do you already own this?

Pricing

Teams (10 or more)

Minimize cost and maximize learning with Train-A-Team.

Learn more

Individuals

AIChE Members $495.00
AIChE Graduate Student Members $247.50
AIChE Undergraduate Student Members $247.50
Non-Members $795.00
Accrediting Agencies: 

Horizontal Tabs