Mini MBA: Decision Analysis for Operation and Maintenance Professionals

Select Other "city & date"
Mini MBA: Decision Analysis for Operation and Maintenance Professionals Course
Introduction:
Course Objectives:
Learning Outcomes
· Accomplish strategic change in the organization in a more productive manner
· Build and maintain effective and efficient procedures in the organization
· Complete work tasks on time and on budget
· Develop skills in managers which will raise the capability, skill and morale of colleagues
· Improved operating performance in completion of assignments
· Acquire useful work task management skills
· Develop skills in problem-solving and decision making
· Develop interpretation skills of analytics to support decision making
· Gives you a proper knowledge of the basic principles of operations management
· Helps you in planning and developing a future career
· Identify the Key Performance Indicators within your management area
· Know how to compare alternatives to support decision making
· Learn how to apply best practices
· Learn from the experience of other delegates and the trainer
· Learn management techniques to plan to establish priorities and set and maintain deadlines
Who Should Attend?
This course is suitable for a wide range of technical professionals but will greatly benefit:
- Operation Professionals
- Maintenance Professionals
- Reliability Professionals
- Key Operations Supervisors
- Internal Improvement Consultants
Course Outlines:
Introduction to Decision Making
- Scope and significance of Decisions
- The Decision Making Process
- Choosing Between Options by Projecting Likely Outcomes
- Decision Tree Analysis: decision models; low probability, high-consequence events; valuing additional information and control
- Monte Carlo Simulation: optimization; advantages and limitations
- Case Studies and Group Exercises
Implementing Multiple Criteria Decision Analysis
- Definition of Decision Analysis
- How, and Why, Bad Decisions are Made
- Problems with Traditional Methods
- Guidelines for Good Decision Analysis
The Analytic Hierarchy Process (AHP)
- What is AHP?
- The Comparative Matrix
- Consistency Analysis
- Sensitivity Analysis
- Benefit/Cost Analysis
- Resources Allocation
- Applications of the AHP (The Concorde Case, Maintenance Strategy, Highway planning)
- Case Studies and Group Exercises
Risk Management through Failure Mode & Effect Analysis (FMEA)
- Risk Mitigation
- Fault Tree analysis
- Risk Priority Number
- The Criticality Matrix
- Equipment Criticality Grading
- Cases from Oil and Gas Industry and others
- Modeling Reliability of Systems
- Series and Parallel Systems
- The Redundancy Concept
- Types of Redundancy
- When to Use Redundancy
MRP and ERP Systems
- What is ERP and how did it develop
- What is MRP SYSTEM?
- What is MRPII SYSTEM?
- Planning and Control
- The Bill of Materials