Selected topics in Risk Management (RIS610)

The course addresses, at a more advanced level, selected current topics in the field of risk management. The course is based on relevant articles and books and is carried out as a supervised project work where students prepare an academic essay on pre-defined topics.

Course description for study year 2023-2024. Please note that changes may occur.


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The course addresses, at an advanced level, selected current topics in the field of risk management, covering fundamentals, risk assessment, risk perception and communication, risk management and governance, and solving real risk problems and issues. The problems addressed in the course will vary.

The course is based on relevant articles and books and is carried out as a supervised project work where students work individually and prepare an academic essay on a problem selected by the student from a set of pre-defined problems. The problems available for students on the study programme Master in Risk Analysis is adapted to the chosen specialisation if relevant. Students can choose to see the project work in relation to the master thesis work in the 4th semester.

Some gatherings (seminars/workshops and a library course) will be held throughout the semester. The students may within defined deadlines submit a rough sketch of solution (interpretation of the problem and plan for the work), and a first draft and second draft of the essay. The students who choose to do so will receive written feedback on their submissions and an offer of a meeting/guidance with the teacher based on the submitted drafts.

Learning outcome

After taking and passing the course student shall:


- have in-depth knowledge of central concepts, theories, principles, frameworks, approaches, methods and/or models related to the selected topic in risk management that the student has been working on


- be able to specialize in a more closely defined part of the risk management field

- be able to independently process scientific literature in the risk management field, with emphasis on achieving a stringent written presentation where critical analysis and reasoning are the main elements; this means a logically structured presentation that is characterised by presentation and discussion of various definitions and perspectives, and reflection on assumptions and results

General competence

- be able to write an academic essay, including mastering literature searching and proper referencing to the literature used

Required prerequisite knowledge


Recommended prerequisites

RAG500 Foundations of risk analysis and risk science, RIS500 Risk analysis and risk management, RIS505 Foundations of Risk Analysis and Risk Science


Form of assessment Weight Duration Marks Aid
Project assignment 1/1 Letter grades

The students shall write an academic essay of maximum 10 pages, including a maximum one-page summary. The set of pre-defined problems will be made available in the first lecture, and the students shall within 15 weeks of this submit the final version of the essay.

Course teacher(s)

Course coordinator:

Roger Flage

Head of Department:

Tore Markeset

Method of work

Lectures, workshops with group work and individual work. Student active methodology and close dialogue between the students and the teacher are key elements in the pedagogical work form.

Open for

Admission to Single Courses at the Faculty of Science and Technology Industrial economics - Master of Science Degree Programme Industrial Economics - Master of Science Degree Programme, Five Year Industrial Asset Management - Master of Science Degree Programme Risk Analysis - Master of Science Degree Programme Risk Management - Master's Degree Programme (Master i teknologi/siviling.) Exchange programme at Faculty of Science and Technology

Course assessment

There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.


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