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This is the study programme for 2019/2020. It is subject to change.


The course covers basic topics in risk analysis and risk management. What is risk and risk analysis? Risk perspectives. Uncertainty analysis. How to plan, execute and use risk analysis? Risk analysis methods. Risk management principles. Cost-benefit analysis. Cautionary and precautionary principles. Risk acceptance criteria. ALARP. Decision-making under uncertainty.

Learning outcome

After completing this course the student will be able to
- Recognise, describe and distinguish basic concepts, principles and methods in risk analysis and risk management

Contents

The course covers basic topics in risk analysis and risk management. What is risk and risk analysis? Risk perspectives. Uncertainty analysis. How to plan, execute and use risk analysis? Risk analysis methods. Risk management principles. Cost-benefit analysis. Cautionary and precautionary principles. Risk acceptance criteria. ALARP. Decision-making under uncertainty. Surprises and 'black swans'.

Required prerequisite knowledge

None.

Exam

Weight Duration Marks Aid
Written exam1/14 hoursA - FBasic calculator specified in general exam regulations.1)
English-Norwegian/Norwegian-English list of key words
Digital exam (INSPERA)
1) Basic calculator allowed: Hewlett Packard HP30S, Casio FX-82, Texas Instruments TI-30, Citizen SR-270X

Course teacher(s)

Course coordinator
Terje Aven
Course teacher
Torbjørn Bjerga, Willy Solberg Røed , Roger Flage , Eirik Bjorheim Abrahamsen
Head of Department
Tore Markeset

Method of work

2 hours teaching per week, in English

Overlapping courses

Course Reduction (SP)
Risk analysis and risk management (MOS210_1) 10
Foundations of risk analysis and governance (RAG500_1) 5

Open to

Master studies at the Faculty of Science and Technology.

Course assessment

Form and/or discussion

Literature

Selected parts of:
Aven, T. (2015) Risk Analysis. Wiley. Wiley 2. ed.
Aven, T. (2014) Risk, surprises and black swans, Routledge
+ all notes and problems presented.


This is the study programme for 2019/2020. It is subject to change.

Sist oppdatert: 19.08.2019