Industrial decisions and Performance under modern complex conditions (E-MTOM400)

Content

This course aims at core knowledge and understanding on dynamics, challenges, trends, and suitable measures to deal with modern industrial decisions and demanding performance management processes. This course has a more modern focus on sensitive technical and practical aspects related to industrial decisions and performance management in complex industrial contexts covering both public and private sectors. It specially focuses on the dynamics of modern industry, major emerging uncertainties, how complex industrial settings influence different types of decision patterns and performance scenarios, thinking new ways, and practical ways to deal with challenges. It blends interesting principles, theories, and selected industrial examples, to cover different perspectives to balance various technical and non-technical aspects sensitive for competitive performance and growth.

The course in general focuses on providing a good insight on theories and principles, challenging the conventional wisdom, and enhancing the understanding on various practical industrial aspects from different pespectives to think new. Uses various modern Industrial cases and examples.

Learning outcome

Core knowledge on various challenges and solutions in dealing with industrial decisions and performance management processes. Different perspectives that can help guide to balance various technical and non-technical aspects for different decisions and performance management practices in complex industrial systems. An exposure to the use of selected methods and frameworks in practical settings.

After having taken this course the student should have the following knowledge, skills and general competence:

Kunnskap/Knowledge

• Understanding and knowledge about modern industrial assets, their decision settings, and performance challenges
• Understanding the implicit and explicit complexities in modern environments in making risk conscious decisions and transforming it to drive performance
• Knowledge about decision bases as well as principles, frameworks, and methods to manage industrial performance
• Knowledge and understanding about the use various performance measures
• Criteria for establishing an effective performance management system to support decisions in modern Industrial assets.

Ferdigheter/Skills

• Use of principles and suitable criteria for risk-informative decisions and managing performance of modern industrial assets
• Use of different methods and techniques to develop performance management systems
• Evaluate and define suitable performance indicators

Generell kompetanse/General competence

• Importance of new thinking and new practices to resolve modern challenges relating to Industrial assets, decisions, and performance.
• Awareness of uncertainties and risk associated decisions and performance in modern industrial contexts.
• Critical review of industrial assets and systems w.r.t. growth, strategies, and performance profiles.

Required prerequisite knowledge

Exam

Coursework requirements

Presentations for each Course module, based on Individual work. Individual report if presentation is not satisfactiory.

Assessment: Approved / Not approved.

Course teacher(s)

Course coordinator:

Method of work

Lectures, Interactive discussions and feedback, Presentations based on Individual work. Individual report when needed.

Lectures will be held in English language.

Open for

Course assessment

Literature