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Last updated:

November 11, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

The course addresses a fundamental issue in system design and management, the need for engineering leaders to recognize uncertainty in the performance of their plans or designs.

It presents discounted cash flow (DCF) Excel models, simulation, and decision analysis as primary ways to analyze possible outcomes of design and management strategies. It also addresses how we should analyze possible performance outcomes and cope with risks in demand, requirements, cost, technology, etc

Course Curriculum

  • Risk and Decision Analysis; Engineering Systems Analysis for Design Unlimited
  • The Forecast Is “Always” Wrong Unlimited
  • DCF Analysis Introduction and DCF Mechanics Unlimited
  • Garage Case Example Unlimited
  • Mechanics of Simulation Unlimited
  • Drivers of Flexibility Unlimited
  • Decision Analysis Unlimited
  • Information Gathering as a Strategy Unlimited
  • Part 1 Evaluating and Choosing Preferred Projects Unlimited
  • Part 2 Economic Evaluation Unlimited
  • Investment in Large Plants Unlimited

About the instructor

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Massachusetts Institute of Technology
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