Scenario & Strategic Planning in Uncertain Times, Option Development, and Structured Decision Making
An online workshop for Leaders and Managers, and their Teams who will implement the plan
This course is relevant to all those involved with mineral exploration in the current uncertain times, including senior executives (and directors), exploration managers, and any other individuals who are keen to develop an agile, strategic mindset.
|Lecturers||Tim Craske -Thinker Events & Geowisdom|
Nick Franey - NJF Consulting
23 & 24 February 2021
2 x half day workshops
|Time - both days||10am - 3pm (AEST)|
|Non EGRU Member
|AIG / GSSA Member ||$440|
|REGISTER for the COURSE HERE|
A minimum number of registrants has to be confirmed by 05 February 2021 for this course to go ahead. Please register and make your course fee payment at the time of registration to confirm your attendance and secure your place.
|Professional Development Hours - 8hrs for the full course|
Participation in this event may contribute to meeting Continued Professional Development (CPD) requirements of professional institutes.
Crises create uncertainty - which may lead to confusion and loss of competitiveness – but they can also lead to new opportunities.
This workshop will teach you how to address uncertainty, embrace change, identify opportunities and grow stronger – all in a structured framework which facilitates regular review.
Traditional strategic planning and analyses often fail us because we cannot predict the future well. Scenario planning overcomes that problem. But to generate plausible future scenarios, we have to be creative and use imagination. From any number of scenarios, we can develop multiple options for action, and the final step in the process is to prioritise the options and decide on a way forward (the strategic plan).
As well as learning how to develop your own strategic plan, this workshop will allow you to experience the actual process. Participants will engage with each other in two facilitated exploration-relevant exercises: for commodity selection and new country expansion. You will learn how:
- To turn fragilities into assets
- The “rules of the game” reduce uncertainties and limit options
- To understand the weakness of traditional strategic planning tools
- To use scenario planning to generate options for action
- To prioritise your options
- To decide quickly and effectively
- To avoid bias and bad decisions
An online version of this course is under development and planned for early 2021.
The course is designed to be flexible and give time-poor explorers options to enhance their management skills.
The complete course consists of five one-day stand-alone modules.
Most of the modules are suited to both technical and non-technical professionals involved in exploration management.
|Lecturer ||Nick Franey, NJF Consulting |
|Date || TBA |
|Location || Via ZOOM |
|Fee per Module || TBA |
| EGRU Member || |
| Non EGRU Member || |
| AIG Member || |
DAY 1 - The Principles and Key Success Criteria of Exploration ManagementThe Mineral Exploration BusinessPrinciples of General Management (the management cycle) & a Management ToolkitMission, Vision, Exploration StrategyCommunication (& Press Releases)Exploration Management Success Criteria (including the McKinsey Study)
DAY 2 - Day-to-Day Management for Mineral Exploration
- The Exploration Process
- Exploration Portfolio & Pipeline
- Key Exploration Management Decisions
- Exploration methods: Geology, Geochemistry & Geophysics – from a management perspective
- Engaging Consultants
- Drilling: Planning, the Drill Contract, Rig Supervision, monitoring performance
DAY 3 - Data Management for Mineral Exploration and Feasibility Studies
- Geochem/Drilling data – the importance of a relational database
- Geochemistry QAQC
- Managing Geophysical Data
- Spatial Data: GIS & Maps
- Technical Reports – why they are so important, and how to ensure they get done
DAY 4 - The Non-Technical Aspects of Minerals Exploration Management (e.g. HR, Administration Logistics, HSEC)
- HR: Organisational Structure, Job Descriptions, Succession Planning, Teamwork, Employment Contracts, Performance Management, Staff Development & Training
- Administration: Asset Management, Field Logistics, Tenement Administration, Budgets & Expenditure Controls
- Health & Safety: Risk Management, Promoting Awareness, MERP, Incident Investigations
- Environment: Approvals, Baseline Studies, Minimising Impacts, Rehabilitation
- Community Relations: Engagement, Why they matter, Standards & Guidelines, Sticky Issues, Security, Socio-Economic Development
DAY 5 - Financial Aspects of Mineral Exploration and Project Management Evaluation
- Introduction to Finance, the Market, Funding Exploration
- Economic Evaluation of Projects: DCF analysis, building an Economic Model
- Project Valuations: Income, Cost- & Market-based methods
- Accounting Basics: the Balance Sheet, Income Statement & Cash Flow
- The Use of Financial Ratios
Nick is an exploration geologist with a broad range of experience, from grassroots to advanced project (feasibility study) and near-mine operations. He has explored for most types of gold and base metal deposits in a variety of geological terranes, in more than 20 countries, on three continents. This course is based on the Business and Financial Management Masters subject, originally developed by Dr Andrew White and presented by both Andrew and Nick at James Cook University.
Nick also offers EGRU Exploration Management courses for Engineers and for Non-Technical Professionals. These course are aimed at professionals involved in the management of exploration companies and exploration program