IMPLEMENTATION OF MULTI-OBJECTIVE DECISION ANALYSIS AND VALUE FOCUSED THINKING TO IMPROVE DECISION QUALITY IN COMPLEX PROJECT
Multiple Objective Decision Analysis (MODA) and Value Focused Thinking (VFT) are well suited for projects that have multiple stakeholders and objectives with considerations across different domains and factors that commonly only being considered qualitatively, such as in an environmental project....
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/54708 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Multiple Objective Decision Analysis (MODA) and Value Focused Thinking (VFT) are well
suited for projects that have multiple stakeholders and objectives with considerations across
different domains and factors that commonly only being considered qualitatively, such as in an
environmental project. This tool is able to provide structured, transparent and logical process
that helps to get buy-ins from stakeholders, eventually to get high quality decision.
When PT MINYAK MERAH was evaluating its Produced Water Management (PWM)
program for the marginal fields, its project team found the project to be challenging. There was
disconnect between corporate campaign, local regulations, and partner’s expectations for the
produced water management strategy. In Phase 2 of the project, project team initially only
evaluated several tried-and-true, facility-focused alternatives, based on past experiences with
more profitable fields. However, the decision makers decided the project to be recycled as there
were insufficient quality in 3 main Decision Quality (DQ) aspects: (1) creative, feasible
alternatives, (2) clarity in values and trade-offs, and (3) logically correct analysis.
By implementing MODA-VFT, project team has generated many more creative (and feasible)
alternatives and evaluated them based on decision maker and stakeholder’s values and
priorities. The project team recommends Produced Water Discharge Elimination (PWDE) at 2
locations and efforts to improve discharge quality at other locations, with estimated total cost
of 41.6 million USD. Decision Executive agreed to advance the project to Phase 3, based on
the observation that more creative and feasible alternatives have been comprehensively
assessed and the implementation of MODA-VFT has enabled the decision maker to clearly see
the connection to the values and prioritize trade-offs, which eventually enabled decision maker
to have clear reasoning/justification for the preferred alternative and make logical decision.
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