At the end of this course, the students; 1) Understand the concepts of risk and risk components 2) Gain an ability to use the techniques, skills, and modern engineering tools necessary for engineering practice for risk management. 3) Gain an ability to learn how the techniques when the company face risks as a result of the developments and changes to the event.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
Risk Concepts, Risk Components, Risk Analysis, Risk Analysis Methods, Risk Assessment, Risk Assessment Methods, Economic and Financial Risk, Human Related Risk, Risk Control Methods, Risk Management- Risk Planning, Risk Classification and Prioritization.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Risk Concepts, Risk Components
2nd Week
Risk Analysis
3rd Week
Risk Analysis Methods
4th Week
Risk Assessment
5th Week
Risk Assessment Methods
6th Week
Economic and Financial Risk, Human Related Risk
7th Week
Risk Control Methods, Risk Management- Risk Planning, Risk Classification and Prioritization
8th Week
Midterm
9th Week
Risk Management Structure and Applications
10th Week
The concept of risk engineering and the design for risk engineering
11th Week
Risk-cost relationship
12th Week
Risk scheduling
13th Week
Integrated risk management
14th Week
Determining the limits of engineering designs
RECOMENDED OR REQUIRED READING
Pritchard C.L., 2005, Risk Management Concepts and Guidance, ESI International. Ayyub B.M., 2003, Risk Analysis in Engineering and Economics, A CRC Press Company.
