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Technology Development & Implementation

TechnologyAfter a merger, a major oil and gas company found it was left with multiple trading systems, which were not well coordinated and supported only limited types of trading.

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Events

17Platinum: PKF Texas Gold: Schlumberger, Silver: McGriff Seibels & Williams, Westin Galleria - 5060 West AlabamaHouston Texas
Jul 20, 2012
06:30 AM - 09:00 AM
Established in 1994, the Oilfield Breakfast Forum has emerged as one of the premiere thought-leadership events in Houston, attracting over 700 industry executives per event. Held three times a year,...

Thought Leadership Blog

Recently, a client planning to participate in a Play in the Western Canadian Sedimentary Basin raised a seemingly simple question with a very complex answer: how much land should we buy? Clearly,...
Posted by: on 03/22/2012 09:40 PM
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With today’s drilling and completion costs accounting for nearly two-thirds of the capital expenditures of some projects, you know that errors in cost and timing estimates can have a significant...
Posted by: on 03/11/2012 08:27 AM
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The usual stage at which risk tolerance is applied is the development phase of a project. Companies are comfortable with the notion of failed exploration wells, but not failed developments. Stringent...
Posted by: Pat Leach on 05/03/2011 03:14 PM
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Routine decisions – whether business or personal – are easy. We make them without a lot of thought. Kahneman and Klein identified four criteria to be met in order to make a decision by...
Posted by: Pat Leach on 03/31/2011 12:06 PM
2
In any situation where you need to make a critical decision, there is always some level of risk – whether you’re working on an internal reorganization or considering a multi-billion dollar...
Posted by: Paul Wicker on 07/07/2010 08:55 PM
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News/Features

36
Apr 17, 2012
Applying Decision Analysis When Faced With 1,000 Decisions
For any strategic initiative, applying decision analysis (DA) is viewed as best-in-class approach for the selection of the optimal decision path.
34
Mar 11, 2012
Oil 101, Spring 2012
A Comprehensive Overview of Oil and Gas Production

News

Decision Strategies Consultant Publishes Executive’s Guide to Managing Risk and Making Better Decisions

Houston, TX – Patrick Leach, Senior Consultant at Decision Strategies, announced today that his book, "Why Can't You Just Give Me the Number? - An executive's guide to using probabilistic thinking to manage risk and to make better decisions” has just been published.Because executives have to make decisions in the face of uncertainty all the time, there are always multiple possible outcomes, each with its own probability of occurrence. The executive who has both good business skills and a solid understanding of these probabilities will have a clear competitive advantage over one who has only the business skills.

"Decision-making 101 for executives - a solid overview of the key decision analysis concepts sprinkled with pearls of wisdom and wry humor.  Mr. Leach's comfort and command of the material is evident.  What could be intimidating concepts to communicate are presented clearly and illustratively.  Today's executive requires an understanding and conversational command of the language of risk, uncertainty and decision-making. Mr. Leach's handbook is an excellent and efficient introduction to these 'must know' constructs," says Dr. Robert Ameo, Director – Business Development, Medical Devices & Diagnostics Group, Johnson & Johnson

Pat Leach’s book is available and can be ordered through outlets such as Amazon.com and BN.com or directly from the publisher, Probabilistic Publishing (www.decisions-books.com).

 

    

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