Areas of Expertise (11)
Oil and Gas
Supply Chain & Logistics
R. Britt Freund (pronounced "friend") is a distinguished senior lecturer, consultant and executive trainer in project management, operations strategy, distribution, supply chain management, inventory control, optimization, process analysis, practical statistics and risk management. His primary research, teaching, and consulting interests for the past several years have been in the realm of project management, particularly the management of risk within large capital projects.
Freund is assistant dean and director of the Project Management Consortium at the McCombs School of Business, The University of Texas at Austin. He is also the former graduate business dean and director of the Full-Time, Evening and Professional MBA programs at the school. He has also taught extensively in executive and professional MBA programs in SE Asia, Europe, Dallas, Fort-Worth, Austin, Houston and San Antonio.
Since 2005, he has been the faculty director for the Shell Project Academy (SPA) which is a consortium of four partner universities working with Royal Dutch Shell to develop and deliver project management tools for use in large capital projects. This has subsequently led to the formation of the Project Management Consortium within the university, of which Freund is the director and founding faculty member.
Freund has traveled extensively around the world, presenting workshops on project and risk management to Shell project managers numerous times throughout the world. During this time, he has also been heavily involved as a consultant to the Project Director for a massive, multi-billion dollar capital project for Shell in Northern Alberta.
Cornell University: Ph.D., Operations Management 1995
Cornell University: M.Sc., Electrical Engineering 1991
The University of Texas at Austin: B.Sc., Mechanical Engineering 1985
Sample Talks (1)
Four Myths About the Energy Industry
While Freund does not promote a political viewpoint, he does think that people don’t fully understand the energy industry. He talks about the risks and rewards driving the energy industry and addressed several key misconceptions.
Myth #1: U.S. companies represent “big oil.”
Myth #2: Value is based on current revenue.
Myth #3: Green energy is the answer.
Myth #4: High prices equal high profits.
- Workshop Leader
We show that for a large family of leadtime demand distributions, the optimal policy depends on only two parameters: the fill rate and the economic order quantity (EOQ) scaled by the standard deviation of demand over the constant leadtime.