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Applying business acumen and a decision quality approach in Front-End Project Management can maximize the value potential of your investment.  The Energy Industry is especially facing tough choices as the world increasingly asks for lower carbon alternatives with challenging economics.  A recommended approach is to understand the value drivers and key uncertainties while applying a simple Frame-Diverge-Converge approach to explore the opportunity space before committing to action.  Even with great uncertainty, scenario thinking can prepare you for success by recognizing signposts of alternate futures and planning to react to protect value in downsides or capture the value in the upside.  

Jack Neal is a consultant and current President of the Houston Chapter of the Society of Decision Professionals.  He recently retired from ExxonMobil after 28 years with the company working in upstream oil and gas exploration, development, production and research as a geoscientist, manager, and global senior advisor.  In his final advisor role, Jack led strategy and decision quality scenario workshops on major capital investments while also mentoring and training for Value of Information, Business Acumen, Technical and Commercial Leadership and more.  He has a B.S. in Geology & Geophysics from the University of Tulsa and a Ph.D. from Rice University, authored 19 peer-reviewed papers, and co-edited a textbook on sequence stratigraphy.