Showing posts with label analytics. Show all posts
Showing posts with label analytics. Show all posts

Sunday, January 27, 2019

Risk Mgmt Unit 1: Identifying and Quantifying Risks in the Energy Industry Using Heat Maps

Upon successful completion of this unit, learners will be able to identify and define risks in the energy industry (petroleum, natural gas, alternative), and construct risk heat maps for analysis, strategic planning and decision-making.

Unit Presentation: 
Pdf:  (contains links to readings):  http://zenzebra.net/risk/risk-management-nash-pt1.pdf

https://screencast-o-matic.com/watch/cqVZh33OzE



Activity:

Scenario 1:  The Real Risks:  Identifying and Quantifying Using Heat Maps

Mark, Tamara, and Talib have put together a small company, Invictus Energy, with the goal of buying two or three small mature fields that also has a pipeline and gas gathering system. 




 Their goal is to revitalize the fields, renegotiate contracts, and then sell the fields and the gas gathering system and pipelines. They have obtained private equity financing, but are a bit alarmed at how much personal "skin in the game" they have to put up.


They are required to put in their own savings and assets, which makes them very nervous. But, they believe they can boost the production and recoverable reserves by 50%.  They are worried because the pumps are old, and the pipeline and gas gathering systems have not had any corrosion control or maintenance in many years.


Your Task:  Help Mark, Tamara, and Talib identify and rank the risks. Then, help them create a heat map so they can make sound financial decisions.

 --What are the kinds of risks that Invictus Energy will face?
 --What is the probability and potential impact of each?
 --What does a risk heat map look like for Invictus?
 --What are 3 or 4 decisions that the heat map can help with?


Readings:


Unit Presentation: http://zenzebra.net/risk/risk-management-nash-pt1.pdf


Heat Maps – where how to build them
 https://riskmanagementguru.com/create-risk-heatmap-excel-part-1.html/ 

https://riskmanagementguru.com/create-risk-heatmap-excel-part-2.html/ 

Example: Upstream oil and gas exploration and development
 Geological Risk (model, quality of information, imaging)
 Legal risk (title, etc.)
 Analytics risk (model, organization of information)
 Data Acquisition Risk
 Safety risk
 Drilling Risk (out of zone)
 Hydraulic fracturing risk
 Completion Risk 


Other examples:  Solar and wind energy generation and distribution.


Texas A&M Texarkana MBA in Energy Leadership: Click link to apply - more information


For more information about the courses (and this full course), please contact me. 



Monday, November 20, 2017

Quality Checklist for Training and Professional Development Courses for Associations

The members of associations and professional societies share common goals and interests; the most important of these tends to be professional advancement, enhanced knowledge, and networking.

At the center of achieving professional development is often formal training taught by experts, with credits officially awarded at the end, and records maintained by the organization.

Because the organizations represent the profession, they are under an ethical as well as a practical obligation to maintain high quality. However, it’s not always easy to develop a course template or set of criteria.

For convenience, here is a quick checklist of content and quality attributes to be sure to include in your courses.  Keep in mind that this is simply a quick checklist. If you would like a more detailed description, and an explanation of how to build the course itself for online, on-site, or hybrid delivery, there are a number of in-depth guides which I refer to at the end of this post.


Checklist of Content and Quality Attributes
Here are the essential elements that you need to include in your courses.  You may wish to formalize the list, format, fonts, etc in what is commonly referred to as a Course Design Document (CDD), which also includes instructional design guidelines. 
At the same time, you may wish to create a template.

•    Title of the course and the reason for its relevance
•    Learning objectives:  What will the measurable outcomes be?  What should the learner be able to do or demonstrate at the end of the course? What are the criteria for success?
•    Overview / brief description of the course
•    Bullet point of topics covered
•    Course materials:  Map them to the learning objectives

        * Main content
        * Engagers
        * Check your knowledge / interactive activities

•    Collaborative and individual activities:  Map them to the learning objectives
•    Assessment strategy:
  •     Activities in course – do they count?  How much? Why?
  •     Class participation and collaborations – How do they count?
  •     Final projects or exams
    • Rubric
    • Minimum passing score
    • Practice for multiple choice
Checklist of Instructor Qualifications 
In order to satisfy quality standards, it is important that your instructor and main subject matter expert(s) and that they have pertinent experience.
•    Relevant Experience
•    Educational qualifications
•    Experience in instruction

Checklist for Utilizing Learning Analytics and Effective Evaluations to Ensure High Quality Training:
As you review your course and the way you anticipate that the students will interact and engage with it, take a moment to develop a profile of your learners, their attributes, and learning goals. What are their needs?  Understanding the audience will help shape the following:
  • Learning Outcomes
  • Course outcomes
  • Course Design Document to tie LOs to content and assessment
  • Types of analytics that are available
  • Mastery learning
  • Time on task
  • Collaborations
  • Discussion
  • Formative evaluations
  • Engaging analytics (Did You Know?)
  • Summative evaluations
  • Assessments tying to learning outcomes
As you plan the courses, be sure to make sure that they are up to date, relevant, and they address current and emerging needs and trends.

References (please contact Susan for a free pdf of each).

Nash, Susan S. (2009) E-Learner Survival Guide. Norman, OK: Texture Press.

PDF (free)
http://zenzebra.net/elearner-survival-guide.pdf

Nash, Susan S. (2013) E-Learning Success: From Courses to Careers. Norman, OK: Texture Press.
https://www.amazon.com/Learning-Success-Courses-Careers/dp/0985008105

Tuesday, April 11, 2017

Big Data and Deep Learning: Industry Downturn Means Uptick in New Analytics

From the Midland Register Times / April 2...
 Permian Basin operators are drilling deep and long — laterals — in order to recover more of the region’s crude and natural gas.

They’re also going deep — as in deep learning — as part of those efforts.

High-tech advances such as big data, deep learning and artificial intelligence are increasingly finding their ways into upstream exploration and production operations. For example, Exxon Mobil Corp. recently set a record for high performance computing for reservoir simulation.

Big data
Technological advances have created a wide spectrum of data for operators that goes far beyond well logs, seismic surveys and pressure readings.

“(It’s) massive amounts of data generated by different methods,” said Susan Nash, director of education and professional development with the American Association of Petroleum Geologists.
 “It’s so massive it’s contained in the cloud and other ways of organizing the data.”

That data can come in structured form, as in databases, or in unstructured forms, as in emails or PDFs, anything that can be digitized, she said.

To continue, click the link: http://www.mrt.com/business/oil/article/Industry-drills-deep-to-improve-production-11039830.php

Wednesday, September 09, 2015

Better Learning Analytics for Online Courses



We need new quality guidelines for career-focused, competency, technology-forward online programs. 

Existing online program quality evaluation tools serve an important role in online program evaluation, and they have been extremely important in the growth and development of online programs in the last 20 years.  They have assisted organizations in the development of consistent programs that conform to general ideas of quality / standards. They provide a very helpful tool in the updating content, tracking curriculum, training instructors, and assuring effectiveness.  The most highly regarded rubrics and instruments include Quality Matters, the Online Learning Consortium’s Scorecard, and Chico State’s Exemplary Online Instruction.

For example, the Quality Matters Higher Education Rubric includes eight General Standards and 43 Specific Review Standards in order to evaluate the design of online and blended courses, and specifically addresses objectives, assessment, instructional materials, course activities, learner interaction, course technologies (Quality Matters, 2015). 

However, in a world of quickly evolving jobs, where industries have made entire professions obsolete, and have created demand for new knowledge, skills, and abilities, additional tools and evaluations are needed. Disruptive technologies and practices are also having a profound effect, which necessitates the development of a flexible workforce that can quickly be retrained.

Further, with online learning, which correlates with team-based collaborations and distributed workplaces, delivery options are also critical.  Learning analytics, which include quality assessments must now address a fairly wide range of programmatic attributes that are not addressed in the more traditional instruments such as the OLC Scorecard or QM’s rubric.  

Interestingly, there has been a renewed emphasis on education provided by professional societies in addition to colleges and universities. Part of the impetus has been due to the fact that there have been major shifts in the student population and their reasons for pursuing education. Further, there have been major changes in higher education, as for-profit providers and those with high student loan default rates coming under fire.

Finally, while online programs have been in place for 20 years, the constant development of new mobile technologies along with the expansion of high-speed internet and wifi networks has profoundly altered the way that learners pull information, interact with others, and participate in knowledge sharing. Further, it has changed how learners can approach content that requires problem-solving, creative solutions, collaboration, and hands-on projects. A renewed focus on outcomes as well as a collaborative, mobile, “information pull” (rather than “data push”) approaches have profoundly affected the learning process.

Learning Analytics

Learning analytics, which incorporate educational data mining, process analytics, and data visualization can be used to address some of the new concerns and focal areas in educational programs. An effective approach was employed by Scheffel, etal (2014) to analyze learning analytics for hybrid and online programs. In developing quality indicators for learning analytics, Scheffel etal made specific assumptions about the main elements to include in an instructional program, and they also assumed that both student and instructor perceptions were uniformly valid.  

In the Scheffel etal’s meta-analysis and ultimate determination of quality indicators for learning analytics, a matrix emerged with five criteria and four quality indicators (2014):

Five Criteria and Four Quality Indicators for Each (Scheffel, 2014):

Objectives
(Awareness, Reflection, Motivation, Behavioral Change)

Learning Support
(Perceived Usefulness, Recommendation, Activity Classification, Detection of Students at Risk)

Learning Measures and Output
(Comparability, Effectiveness, Efficiency, Helpfulness)

Data Aspects
(Transparency, Data Standards, Data Ownership, Privacy)

Organizational Aspects
(Availability, Implementation, Training of Educational Stakeholders, Organizational Change)

Scheffel’s work is in an early stage, and the next step will be to apply the criteria and quality indicators to application-focused educational programs

Student-Driven Metrics:  Return on Investment (ROI)

With the increasing cost of education, combined with the profound economic changes that occurred in the years after 2007-2008, learners have focused on a positive return on investment (ROI) for their investment in education.

However, there is no clear consensus on how to measure an education ROI, particularly across disciplines.

    • Job-Focused Competency-Based (ROI for investment in education)

    • Technology for Applied Knowledge (mobile / collaborative)

New Instructional Strategy Focal Points and Areas for Quality Assessment:

The technological advances in mobile devices as well as an enhanced infrastructure have resulted in the need for ubiquitous access to cloud-based assets.

While it may not yet be possible to achieve universal and continuous access to the cloud, an increasing number of cloud-hosted applications facilitate constant updating of information, as well as collaboration and information sharing.  These often form the cornerstone of the enhanced learning opportunities for professional development and competency-building for new jobs.

Additional focal points for quality assessment.

*e-texts with Collaborative Capability.  Cloud-based access of e-texts, with focus on collaborative annotations and guidance by instructor. The relevance of the texts, as well as the robustness of the collaborative capability should be assessed.

*Applications. Mobile devices that utilize applications that facilitate information sharing. How effective are the applications being used? Do they facilitate the achievement of outcomes? Some applications foster engagement and deeper learning through immediate feedback (Kovach etal 2015).

*Learning Management System transition, with more organizations using a “light” version of an LMS, and focusing more on content management in the cloud

*Collaboration:  Competency-based education often required teamwork, and thus educational / training programs should have a capstone as well as collaborative activities that reflect the types of activity that they’ll need to perform in professional and career settings (Huss, etal 2015).

*Engagement:  Students who desire enhanced access to employment opportunities as well as the chance to diversify / expand their abilities quickly lose interest if their coursework seems irrelevant, outdated, or disconnected from the marketplace. 

*Persistence: Persistence is tied to engagement, as well as motivation. Persistence (course completion) is critical, particularly in a context where education is expensive and industries are transitioning, requiring workforces to retool themselves.

*Career Competencies: One clear measure of quality (and relevance / utility for students) has to do with competencies. Competency rubrics differ, based on the overall goals and outcomes.  The development and validation of competency models has been particularly impressive in the healthcare field (Garman & Scribner, 2011).

Single-course competencies: often developed in response to compliance needs and require an assessment at the end of the course.

Competency clusters: often tie to career paths, especially those that are being disrupted by new technologies or contexts, and thus involve multiple courses, each of which includes an assessment. There is often a summative assessment at the end (Boahin etal, 2014).

*Integrated / multi-disciplinary capstones and/or supervised practice and internships: Education programs that claim to be able to place their graduates in a viable career path generally require a problem-based capstone that is often multi-disciplinary and integrative.  Further, internships and supervised practice are also often required (McKnight, 2013).

*Project-Based / Task-Based Outcomes: Seamless incorporation of prior learning / experiential learning is very desirable in career-focused professions and higher education. Thus, a project-based activity, which requires a literature review, analysis of a problem, creative problem-solving, an evaluation of different methods.  Collaboration and teamwork are often highly desirable, particularly if the career itself involves significant teamwork (King & Spicer, 2009).

A View to the Future

It is important to continue to implement the quality assessment processes that have been implemented with success for online and blended courses and programs. The standards continue to be relevant and they allow a degree of standardization in terms of expectations and practice.

However, there are gaps in assessment thanks to the changes that have emerged due to the factors discussed earlier, which include a focus on careers and a need to incorporate new technologies.

Learning analytics can be utilized in order to assess new and emerging areas of instruction, and to assure the validity of the quality assurance process. Assessment can be performed by means of quality assurance instruments. It can also be performed by means of onsite trainers and evaluators, as in the case of ADCO’s approach to oil and gas professional training (Dawoud, 2014).

 *****************    


References

Boahin, Peter , Eggink, Jose & Adriaan Hofman (2014) Competency-based training in international perspective: comparing the implementation processes towards the achievement of employability, Journal of Curriculum Studies, 46:6, 839-858, DOI: 10.1080/00220272.2013.812680

Chico State University (2015) Exemplary Online Instruction. http://www.csuchico.edu/eoi/

Chico State University (2015) Rubric for Online Teaching. http://www.csuchico.edu/eoi/facultyrecognition/index.shtml#/csuchico/www/roi/the_rubric

Chico State University (2015) Online Teaching and Learning Tool http://www.csuchico.edu/eoi/

Garman A; Scribner L. Leading for Quality in Healthcare: Development and Validation of a Competency Model. Journal Of Healthcare Management [serial online]. November 2011;56(6):373-382. Available from: Academic Search Elite, Ipswich, MA. Accessed September 5, 2015.

Huss, John A.; Sela, Orly; Eastep, Shannon. A Case Study of Online Instructors and Their Quest for Greater Interactivity in Their Courses: Overcoming the Distance in Distance Education.  Australian Journal of Teacher Education, v40 n4 Article 5 Apr 2015

King K. N., Spicer C. M.  (2009) Badgers & Hoosiers: An Interstate Collaborative Learning Experience Connecting MPA Students in Wisconsin and Indiana Journal of Public Affairs Education, Vol. 15, No. 3 (Summer, 2009), pp. 349-360

Kovach J, Miley M, Ramos M. Using Online Studio Groups to Improve Writing Competency: A Pilot Study in a Quality Improvement Methods Course. Decision Sciences Journal Of Innovative Education [serial online]. July 2012;10(3):363-387. Available from: Business Source Premier, Ipswich, MA. Accessed September 5, 2015.

McKnight S. (2013) Mental Health Learning Needs Assessment: Competency-Based Instrument for Best Practice. Issues In Mental Health Nursing [serial online]. June 2013; 34(6):459-471. Available from: Academic Search Elite, Ipswich, MA. Accessed September 5, 2015.

Online Learning Consortium (2015). Online Quality Scorecard. http://onlinelearningconsortium.org/consult/quality-scorecard/

Quality Matters (2015) Quality Matters Higher Education Rubric. https://www.qualitymatters.org/rubric

Scheffel, Maren; Drachsler, Hendrik; Stoyanov, Slavi; Specht, Marcus. (2014) Quality Indicators for Learning Analytics. Journal of Educational Technology & Society, Vol. 17, No. 4, Review Articles in Educational Technology (October 2014), pp. 117-132




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