INCOSE San Francisco Bay Area Chapter March 13 Meeting

INCOSE SFBAC March 2017 Meeting

Decision Analysis and Systems Engineering

Presented by Brian Putt - Decision Analysis Consultant

• Date:  Monday, March 13, 2017   5:30 - 7:30 PM
• Location:  Applied Strategies in San Mateo

AGENDA:

5:30 - 6:00 PM  Social time

6:00 - 7:00 PM  Presentation and Q&A with Brian Putt

LOCATION:

Applied Strategies

951 Mariners Island Boulevard, Suite 400

San Mateo, CA 94404

Map to Applied Strategies

REMOTE ATTENDANCE:

Join as GUEST

Meeting Details Web Address:  https://incose.pgimeet.com/GlobalmeetSeven

Access Number:  1-719-234-7872

Guest Passcode:  529 771 4673

ABOUT THE EVENT:

Decision Analysis (DA) embraces System Engineering and has many similarities.  We will discuss what is decision analysis and look at the similarities and the differences with system engineering.  Chevron’s $54 Billion Gorgon LNG project will be used as an example.   We will discuss the elements of Decision Quality, to include framing the opportunity and decision criteria.   Using only Excel, we will demonstrate decision analysis using a modeling method called SIPmath that enables making decision considering uncertainty using continuous variables.  Projects are frequently over cost (budget) and/or behind schedule.   We will look at how decision analysis can assist in better assessing cost and schedule using probabilistic analysis.  We will look at a live model and discuss how to represent mitigations of the cost and schedule.   We can also discuss the “Pugh Concept Selection” process and how it might be enhanced with Decision Analysis.

Video:  George Kirkland and the Role of Decision Analysis at Chevron

ABOUT THE SPEAKER:

Brian Putt's Biography

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INCOSE SFBAC is on LinkedIn.
Join at http://www.linkedin.com/e/vgh/2909560/

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Read INCOSE SFBAC's current and past newsletters at http://incosesanfranciscobayarea.blogspot.com/

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INCOSE is a not-for-profit membership organization founded to develop and disseminate the interdisciplinary principles and practices that enable the realization of successful systems. The SFBAC presents thought-provoking monthly programs for its members and their guests.

Learn more about SFBAC at:     SFBAC Welcome

Learn more about INCOSE at:   http://www.incose.org/

Thank you,

Robin Reil

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INCOSE SFBAC Secretary

robin.reil@incose.org