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Training course: Decision making with confidence

A structured approach for asset management

DNV has developed a structured method that provides a basis for rational risk assessment. This training course will help you to make well-founded decisions and deal with uncertainties in the decision-making process

Course summary

The general course is a two-day course that addresses subjects from decision theory that can be used in the field of asset management, such as decisions relating to new build, replacement and maintenance investments.

Your benefits

■ the ability to make well-founded, objective and transparent decisions and deal with uncertainties

■ a structured approach to asset management

■ the knowledge to manage risks and cut costs, including (investment) costs

For whom?

This course is intended for anyone involved in the planning, design and maintenance of power and/or gas networks. The course is given at Bachelor level and basic knowledge of the technical aspects of electrical and/or gas infrastructures is recommended.

Course topics

The following topics will be addressed:

  • Environment: organisation, asset management process, regulatory constraints
  • Technique: alternatives, technical constraints
  • Uncertainty: failure probability, scenarios, assumptions, statistics, reliability and various analysis
  • Economy: net present value, life cycle costing, cost matrix
  • Decision theory: process, problem definition, criteria, functions, preconditions, portfolio management, optimisation
Theory is interspersed with practical examples and discussions with participants.

Practical information

The general course can be supplemented with master modules to provide in-depth knowledge about specific subjects such as statistics, data analysis, sensitivity analysis, decision and risk trees, scenario analysis and process guidance.

This training course is also applicable to other networks, such as water and telecom networks. The training course can be given in English or Dutch. Click here for more information. 

In-company and customized training courses

On request, DNV can develop customized and in-company training courses. Content, location and duration of the course can be adapted to your specific needs.

For more information please contact us

Energy Academy
tel: +31 (0)6 29602659 / +31 (0)6 15063593 / +31 (0)6 18410601

About DNV
DNV is the independent expert in risk management and assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions.

Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV enables its customers and their stakeholders to make critical decisions with confidence.

Driven by its purpose, to safeguard life, property, and the environment, DNV helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world’s most successful and forward-thinking companies.

In the energy industry
DNV provides assurance to the entire energy value chain through its advisory, monitoring, verification, and certification services. As the world's leading resource of independent energy experts and technical advisors, the assurance provider helps industries and governments to navigate the many complex, interrelated transitions taking place globally and regionally, in the energy industry. DNV is committed to realizing the goals of the Paris Agreement, and supports customers to transition faster to a deeply decarbonized energy system.

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