Introduction
In the course, fundamental principles for analyzing and managing risk will be discussed. Among the themes to be covered are: How to express risk and uncertainty? How to understand and use models? How to understand and use parametric probability distributions? How to use analyses in the decision-making process? Risk management strategies.
Content
In the course, fundamental principles for analyzing and managing risk will be discussed. Among the themes to be covered are: How to express risk and uncertainty? How to understand and use models? How to understand and use parametric probability distributions? How to use analyses in the decision-making process? Risk management strategies. The course will start with relevant articles and books within the field, and themes to be covered in the course may vary. The course will have a seminar form, where the students will present and discuss problem issues associated with the content of selected books and articles. The course involves development, presentation, and defense of written assignments, and participation in discussions during the seminar meetings.
Learning outcome
After completing the course, the student shall:
Knowledge
- have substantial insight in fundamental issues within risk analysis, as mentioned under "Content"
Skills
- be able to formulate issues using a risk research perspective
General competence
- be able to take a risk science perspective on real-life risk issues and problems
Required prerequisite knowledge
None
Recommended prerequisites
Risk analysis and risk management (MOS210), Foundations of risk analysis and risk science (RAG500), Risk analysis and risk management (RIS500), Foundations of Risk Analysis and Risk Science (RIS505)
The students need a course in risk similar to RIS505, in addition to basic probability theory and statistics.
Exam
Report(s)
Weight 1/1
Duration 1 Semesters
Marks Passed / Not Passed
Aid All
No re-sit opportunities are offered for the report. Students who do not pass the report can retake it the next time the course is held.
The report is written on an individual basis.
Coursework requirements
Presentations
Method of work
Guidance, presentations, critique.
Open for
PhD Programme in Science and Technology, specialisation in Risk Management and Societal Safety.
Course assessment
The faculty decides whether early dialogue will be held in all courses or in selected groups of courses. The aim is to collect student feedback for improvements during the semester. In addition, a digital course evaluation must be conducted at least every three years to gather students’ experiences.
The course description is retrieved from FS (Felles studentsystem). Version 1