Economic Risk Analysis For Petroleum Projects

By Using Monte-carlo simulation with Crystal Ball software

What you'll learn
To do economic evaluation by using MonteCarlo simulation technique
Example of using crystal ball software
Practical example of using decision tree
The student will be capable to do economic study with risk assessment for any types of project
Requirements
It is for begginer who nee to know about the economic analysis for any project and apply it for oil and gas project
Description
This online course presents the way and methodology to perform economic risk analysis for petroleum project and industrial project in general. How to use Monte-Carlo simulation technique by using Crystal ball from Oracle under excel sheet is presented. This technique can be use in risk assessment in general. The applied example for this simulation in this course will for oil and gas investment project to present the economic calculation and how to calculate the risk of the investment.This example for real project and present  this online course the economic factor and how we can obtain the risk for any project. this technique can be applied for any risk assessment as this simulation is a general technique. The business decision is based on this analysis as it is the core for any project feasibility study which is the first step for any project. The attendees will receive a free ebook about "Business Project Investment : Risk Assessment & Decision Making".This course with the ebook presents an overview for business investment and economic, risk assessment tools by using MonteCarlo simulation, statistics and probabilities methods with modern and advanced technique to take the best decision.This course with the ebook is considered as a guideline methodology of how to take decision of project investment. These tools, technique and tips of thinking is very important when start your investment project for small scale or mega projects. This online course with the ebook are one of a series of project management in easy way I try to mix between practical ways and theoretical background. As per this course, you can see the best methods of taking decision with simple economic parameters and also we answer the complicated questions is how the multinational companies take decision. This series of book is the main tips of project management and how to work in a project or to deal with the project if you provide a services or outsourcing to any project

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Economic analysis

Section 2: Decision tree

Lecture 3 Decision tree

Section 3: Statistics tools

Lecture 4 Statistics tools

Section 4: Probability distributions

Lecture 5 Probability distributions

Section 5: Monre-Carlo simulation concept

Lecture 6 Monte-Carlo simulation Concept

Section 6: Crystal Ball software

Lecture 7 Crystal Ball Software

Project engineers,Project managers,Project services engineer,Senior managers and decision makers,Petroleum engineer or any disciplines seek for management level