026 – Mini MBA in Power and Electricity

Date: May 31 – Jun 12, 2021 | Sept 20 – Oct 1, 2021
Location: Houston, Texas USA
CEUs: 6.0

Course Overview

This course is a highly concentrated program designed to increase understanding of the terminology and technology of the power and electricity sectors and how to effectively evaluate strategy, costing and profitability while improving negotiation, planning and investment decisions. The primary focus is on bridging gaps in industry knowledge and providing practical and immediately applicable business skills to increase effectiveness and provide participants with a genuine business advantage.
Our goal is to promote an interactive and integrative professional development environment where participants discuss and address challenges and business issues faced by both non-technical and technical managers and senior managers as well as professional advisors to the sectors. We will do this by bringing forth various matters that impact day to day operations and future sustainability such as assessing the environmental impact of power generation and clean energy, technical and financial feasibility in the power sector, and how to efficiently summarize key data to achieve optimal results. Through utilization of presentations, group discussions and experiential exercises designed to engage leaders and deepen their learning, we will explore different ways of designing strategy and managing organizations that will focus resources on activities that create strong value and competitive advantages.

Course Objective

The objective of this course is to create subject matter experts in the power and electricity sectors with the ability to strategically plan and manage the business by enhancing their critical thinking and problem-solving skills, enabling them to communicate and drive desired results.

Development of enhanced skills, ability and understanding in the following areas will be taught:
• 21st Century Trends in Power and Electricity: Fossil Fuels and Renewable Energy
• Power and Electricity Essentials
• Utility Analytics and the Fundamentals of Leveraging Data
• Strategic Planning and Operational Efficiencies
• Revenue Planning and Payment Protection Strategies
• Understanding Tariffs and Regulations
• Risk Assessment, Fraud Prevention and Mitigation Planning

Learning Outcomes:
After completing this course, participants will be able to:
• Utilize techniques for monitoring and evaluating utility analytics for improved efficiencies
• Illustrate how to conduct a risk assessment analysis to identify and mitigate fraud
• Understand and utilize payment protection strategies to manage revenues and improve ROI
• Identify challenges in managing operations and methods for problem solving
• Prepare a strategic business plan to use in their real world work environment

Target Audience

Directors and Managers in the Power and Electricity sectors, industry professionals and advisors, Sr. Level Managers and Key Staff; Managers of Regulatory Agencies and Commissions; Executives and Policy Makers; Directors and Managers of Training and Development; Industry leaders in utility firms, consumer groups and government.

Course Outline

MODULE 1: 21st Century Trends in Power and Electricity: Fossil Fuels and Renewable Energy
• Key Environmental Trends and how Utilities are dealing with them
• Fossil Fuels and Renewable Energy
• Greener Sources of Energy
• How the Smart Grid is transforming the Industry
• Advances large technologies: hydro-power, super-critical steam technology and nuclear fusion

MODULE 2: Power and Electricity Essentials
• The Classic Power Plant
• Types and Qualities of Fuels
• Assessing the various types of power generation, transportation and consumption
• Private Power vs. Public Power
• The Role of the Grid
• Managing Supply and Demand
Experiential Exercise: How Current is Your Knowledge about Electricity?

MODULE 3: Utility Analytics and the Fundamentals of Leveraging Data
• Data Management using AMR/AMI Technology
• Key Metrics and Performance Indicators
• Identifying and Controlling Billing Errors
• Managing Data Quality
• Improving efficiencies and minimizing impact to the environment

MODULE 4: Strategic Planning and Operational Efficiencies
Leadership Assessment: Are You a Strategic Thinker?
• The Strategic Landscape model
• Downfalls of Poor Strategic Thinking
• 6 Habits of True Strategic Thinkers
• Importance of Operations Strategy
• Developing an Operations Strategy
Experiential Exercise: Exploring Strategic Thinking

MODULE 5: Revenue Planning and Payment Protection Strategies
• The Revenue Management Process and Life Cycle
• The Revenue Strategist Dashboard
• Forecasting and the Revenue Cycle
• Rethinking Payment Strategies
• Payment Methods and Electronic Bill Pay Solutions
• Secured Payments and Mobile Money

MODULE 6: Understanding Tariffs and Regulations
• The Objective of Regulation
• Energy Policies
• Tariffs and Rate Design
• Regulation Policy Implementation
• Accountability, Transparency, and Predictability

MODULE 7: Risk Assessment, Fraud Prevention and Mitigation Planning
• How Occupational Fraud is Committed
• Detection and Anti-Fraud Controls
• Conducting Risk Assessments and Assumption Analysis
• Developing Mitigation Plans
• Balancing Project Constraints
Leadership Assessments: Conflict Resolution Style and Locus of Control
Case Study: Revenue Protection Plan Preparation

Tuition: $10,000