Decision Analysis Consultant

Decision Analysis Consultant

• Primary Responsibility: Support experienced Decision Analysis (DAs) Consultants in developing and refining economic and decision analysis models, ensuring the accuracy and reliability of these models for informed decision-making within the organization. Direct DA support of new opportunities as directed by supervisor, including capital projects and initiatives.

• Application of Principles: Apply key principles, processes, and tools related to Decision Analysis (DA), Minimum Functional Objectives (MFO), and Chevron Project Management requirements.

• Economic and Cash Flow Modeling: Conduct detailed economic and cash flow modeling, ensuring robust and insightful financial analyses. Update, adapt and build decision models, with limited assistance, of medium complexity for different fiscal regimes while applying good DA/ economic modeling standards and best practices. Will require modeling of different fiscal and tax regimes such as production sharing contracts (PSC) and Joint Venture Agreements (JV’s); may require engagements with tax and legal departments.

• Data Elicitation and Coordination: Perform data elicitation, de-biasing, and coordinate information flow to support the data required for building and incorporating into models. This includes multiple sets of data to account for key uncertainties. Proactively identifies, communicates, obtains, QCs, and facilitates discussions to gain alignment on information needed. Helps coordinate flow of information from various SMEs and departments.

• Framing: Facilitate framing, MFO, and decision-making sessions, ensuring all relevant factors are considered and integrated into models and decision-making tools. Utilize a variety of framing tools. Actively leads/ supports development, updating and customization of frame to specific opportunity.

• Facilitation: Effectively facilitate complex and vague engagements with multifunctional participants to help shape outputs for understanding and application. Not just framing, but facilitation of any discussions required to help solve a complex challenge. This includes developing appropriate summaries & communication.

• Analytical Skills: Perform qualitative, deterministic, and probabilistic analyses to generate insights for project teams and decision-makers. Will need to structure a DA evaluation and effectively select from and apply a variety of qualitative, deterministic and probabilistic tools and techniques to generate insights. This may include specialized analytical tools such as cumulative probability curves, tornado diagrams and value of information (VOI) studies.

• Communication of Findings: Extract findings, insights and effectively communicate those insights, including presentations and project documentation, to ensure decision-makers have a clear understanding of the analysis and the tradeoffs important for the decision. Clarify the value of the minimum investment required and the incremental value of the enhancements.

• Decision Quality Assurance: Participate in Decision Quality (DQ) assurance activities, including Model Reviews, to ensure the accuracy and reliability of the analyses. Challenges assumptions, inputs, values & trade-offs, and decisions when needed to ensure high DQ.

• Work Experience: Minimum of 5 years of relevant work experience or master's in business or economic analysis.

• Language Skills: Proficiency in English, essential for communicating with diverse teams and stakeholders. Prefer experience presenting or speaking in front of small audiences.

• PC Skills: Advanced skills in Microsoft Office, particularly Excel, PowerPoint, Outlook, and Word. Prefer experience writing complex formulas and equations into Excel. Basic knowledge of decision tree concepts and software is advantageous.

• Technical Skills: Proficiency in using Excel, including development of complex formulas and equations. Strong understanding of economics, cash flow modeling, tax, and depreciation. Capability to structure and manipulate data for analyses and apply decision principles and tools effectively.

• Good understanding of basic framing concepts and consideration of uncertainty and risk in analyses. Exposure to various analytical tools is a plus, such as cumulative probability curves (S-curves), Investment Efficiency Charts, and Tornado Diagrams. Able to synthesize complex analysis and results into clear insights for leadership discussions and decision making. Able to utilize communication tools such as MS PowerPoint to summarize and present insights.

• Problem Solving Skills: Able to identify problems, view them from different angles, and figure out possible solutions. Must be able to facilitate discussions and solicit inputs from various technical and business functions to perform the necessary analysis to identify and recommend solutions.

• Team Skills: Team work is essential for this role. Must be able to work between diverse teams and departments across the organization. This includes engineering, scientists, legal, tax, finance and commercial roles.

• Soft Skills: Ability to develop detailed action plans and work independently with minimal supervision. Capability to collect, summarize, and structure information. Competence in developing resolution options within the framework of professional duties.

• Ability to assess personal strengths and weaknesses and take practical steps for personal development. Willingness to share work experience and information with colleagues to achieve corporate goals. Clear and structured communication, both in written and verbal form, is vital for success in this role. Being comfortable in a dynamic environment where assignments can vary and change on a regular basis.