May 31, 2006


Description

Decision analysis is the overarching decision process, which explicitly addresses the fact that, ultimately, decision-making is human.  In large organizations, humans have to make complex, expensive decisions, riddled with risk and uncertainty.  Recognizing this, decision analysis weaves facilitation and mathematical and organizational behavior tools into a winning process that is helping companies all over the energy sector make better decisions, faster. 

 

Although the decision analysis process is often customized from company to company, and therefore may look slightly different, it always comprises three distinct elements:  framing, uncertainty analysis, and decision-maker dialogue.  Each element has set objectives and tools to accomplish those objectives.

 

This presentation provides an overview of decision analysis and its many applications in the oil industry - from exploration through development asset strategy to valuing seismic, well tests and pilot programs.  Examples of decision framing, uncertainty analysis and information valuation will be discussed, as well as elements of successful implementation and tools.


Featured Speakers

Speaker Ellen M. Coopersmith
Founder Decision Frameworks Ellen Coopersmith is the founder of Decision Frameworks and a Petroleum Engineer by degree, from the Colorado School of Mines. She is based in Houston, Texas and specializes in Decision Analysis consultation, facilitation, training and implementation. Prior to founding Decision Frameworks in 1999, Ms. Coopersmith worked 16 …

Founder
Decision Frameworks

Ellen Coopersmith is the founder of Decision Frameworks and a Petroleum Engineer by degree, from the Colorado School of Mines. She is based in Houston, Texas and specializes in Decision Analysis consultation, facilitation, training and implementation.


Prior to founding Decision Frameworks in 1999, Ms. Coopersmith worked 16 years for Conoco, where she led their implementation of Decision & Risk Analysis in Upstream for five years. She is an accomplished technical and managerial facilitator, as well as a published and invited speaker on both the implementation and technical elements of Decision Analysis. Ms. Coopersmith’s passion and focus with respect to Decision Analysis is on skill development and making “framing”, uncertainty analysis and “valuing information” easy and a day-to-day asset management tool in the energy industry.


Decision Frameworks is a unique decision analysis training, consulting and software firm with offices in Houston and Calgary. Founded in 1999, Decision Frameworks uses a team-based, approach to bring practical decision analysis (DA) workflow, particularly for framing and valuing information, to the petroleum industry.  The company offers practical workshops; project triage and enabling tools to accomplish their vision of enabling teams to make better project management decisions.  Recently, hiring a premier software developer, Decision Frameworks now incorporates smooth user interface software into all of their skill development engagements.

Full Description



Organizer

David Dell''Osso


Date and Time

Wed, May 31, 2006

6 p.m. - 8 p.m.
(GMT-0500) US/Central

Event has ended

Location

Crowne Plaza - Downtown

1700 Smith St.
Houston, TX 77002