Overview
AM 432 provides guidance on how to develop and implement a risk management and decision-making framework appropriate to the organisation.
The course takes you through the concepts and theory of each stage of the decision-making approach and uses activities to practice applying the theory.
By the end of the course, learners will be able to:
- Choose appropriate decision-making techniques
- Effectively deal with uncertainty by using a sensitivity analysis
- Compare different frameworks and the way they support decision-making processes, including Optimised Decision-Making, Better Business Case, and Investment Logic Mapping.
Who should attend
Anyone involved in infrastructure asset decision-making.
Typical attendees include
- Asset Managers
- Consultants
- Engineers
- Project managers
- Executives
- Auditors
Learning material
- Text, images, video
- Formative assessment
- Activities
- Case studies
- Summative assessment
Outcomes
Learners completing AM 432 will be able to apply a variety of decision-making processes.
Recommended prior learning
- None
