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Meet the Instructor: Richard Rockwood

Session: Decision-making with Partial and Uncertain Asset Information – The Normal Situation



rick-rockwood-500x600Richard Rockwood, Senior Management Consultant, TWPL

Based in the USA, Richard is a global asset management oil & gas expert who recently joined TWPL. He is uniquely qualified in establishing organizational values and behavioral changes through executive sponsorship, sustainability, reinforcement, and building client change agent capacity, capability, and coaching competence.  

Rick’s previous projects include orchestrating technical assurance, technical inspection, surveillance, and procurement for a $3.4 billion contract, and championing technical and quality assurance on a $19 billion project encompassing engineering performance, contractor performance, supplier and vendor procurement, mod yard and fab shop staffing (global perspective). He has also been responsible for performing global assurance audits of operational processes and activities, evaluating the effectiveness of internal controls, reporting on audit findings, making recommendations to address control gaps and process improvements with follow-up on the implementation status of recommendations.

Rick worked for Moody International as a global practice advisor and played a pivotal role in a $750 million merger through establishing culture, values, expectations, and behaviors for the global service provider. He was also a global practice advisor for an energy practice for ABB in Houston. Rick was a total reliability global project manager for Shell Exploration and Production (Asia, Europe, Middle East, N/S America), where the role included building and managing oversight on a total reliability Operational Excellence Management System initiative to #2 ‘best in the Shell world’ in 2005.  He also mentored and managed a global team of 20-plus Shell Asia-based change agents and mentored Shell Global Solutions internal consultants in global benchmark and readiness assessment.



Decision-making With Partial and Uncertain Information – The Normal Situation!
Richard Rockwood, Senior Management Consultant, TWPL

A 5-year multi-industry collaboration program (the SALVO Project) has yielded remarkable insights into the better use of existing data and expert knowledge – within a disciplined process for improving decisions about buying, building, operating, maintaining, modifying and replacing physical assets.

This highly interactive workshop will share these findings and explore how a better understanding of decision-making can radically change priorities for what data is worth collected, why, and how it should be used in the business. It quantifies the $$-value of existing information, and shows how uncertainty and expert opinion can be quantified and incorporated, to complement more objective data sources.

Most importantly, the workshop will help participants to ‘close the loop’ in supporting real business improvements to manage risk, raise performance and control life cycle costs.

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