Decision Analysis for Operation & Maintenance

Course details

This comprehensive 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 AZTech 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 AZTech 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

Updated on 03 October, 2018