"I was impressed with the planning, the facilities and the instruction. I look forward to additional courses!"
Kevin Enders
Dell, Inc.
Description
Uncertainty and complexity make many decisions difficult, especially
those involved with R&D projects, new products, and new ventures. This
module provides an introduction to decision and risk analysis – the
systematic evaluation of decision problems involving uncertainty. Decision
and risk analysis provide a framework for analyzing decision problems
by breaking them down into more manageable parts and explicitly considering
the possible alternatives, the available information, and the relevant
preferences of the decision makers. In this module, we will discuss
methods for structuring and modeling decision problems, and apply these
methods to a variety of problems that involve risk and uncertainty related
to the commercialization of new technologies.
Topics
- Identifying and Quantifying Risks Effecting Project Execution
- Defining Alternatives for Project Execution
- Managing Product and Project Risks Through Risk Mitigation
- Understand the basic tools available for structuring problems
involving risk and uncertainty
- Develop the ability to analyze problems related to the commercialization
of new technologies
Participants earn 1.4 continuing education units (CEUs) and a Texas
Executive Education program certificate.