Applied Risk Analysis (RIS615)

The course gives an introduction to applied risk analysis in different industries and sectors.

Course description for study year 2024-2025. Please note that changes may occur.


Course code




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Semester tution start


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NB! This is an elective course and may be cancelled if fewer than 10 students are enrolled by August 20th for the autumn semester.

The course addresses how risk assessments can be carried out in practice in selected applications, relevant standards for risk assessment and risk management within different industries and settings, how it can be ensured that risk assessments contribute to successful risk management in practice, as well as success criteria and pitfalls when risk assessments are being planned and performed in practice.

The topics addressed in the course will vary. The course is based on relevant articles and books and is carried out as a project work where students work in groups and prepare a report on one or more pre-defined problems.

The students may within defined deadlines submit a rough sketch of solution (interpretation of the problem and plan for the work) and a report draft. The students who choose to do so will receive feedback on their submissions and an offer of guidance with the teacher based on the submitted drafts.

Learning outcome

After taking and passing the course student shall:


  • Have in-depth knowledge of frameworks, standards, methods and models for risk assessment within selected application areas
  • Understand how risk assessments can be used in practice to support risk-informed decision-making
  • Understand success criteria and pitfalls when risk assessments are being carried out and used in practice


  • Be able to recognize, describe and distinguish frameworks, standards, methods and models for risk analysis within selected application areas
  • Be able to reflect on strengths and weaknesses of these
  • Be able to apply selected risk assessment methods to realistic problems

General competence

  • Communicate professional problems orally and in writing, analyze, and draw conclusions within the subject area
  • Be able to write a report, including mastering 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
Semester assignment 1/1 15 Weeks Letter grades

The students shall write a semester assignment of maximum 20 pages plus appendices. Carried out in groups.The pre-defined problem or problems will be made available in the first lecture, and the students shall within 15 weeks of this submit the final version of the assignment.A continuation assignment is not offered. Students who do not pass can take the semester assignment again the next time the course is offered.

Course teacher(s)

Course teacher:

Roger Flage

Course coordinator:

Roger Flage

Head of Department:

Tore Markeset

Method of work

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

Open for

Risk Analysis - Master of Science Degree Programme Societal Safety - Master's Degree Programme

Course assessment

There must be an early dialogue between the course supervisor, the student union 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 subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.


The syllabus can be found in Leganto