Foundational Issues in Risk Analysis (RIS900)
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.
Course description for study year 2023-2024. Please note that changes may occur.
Semester tution start
Number of semesters
Language of instruction
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.
After completing the course, the student shall:
- have substantial insight in fundamental issues within risk analysis, as mentioned under "Content"
- be able to formulate issues using a risk research perspective
- be able to take a risk science perspective on real-life risk issues and problems
Required prerequisite knowledge
The students need a course in risk similar to RIS505, in addition to basic probability theory and statistics.
MOS210 Risk analysis and risk management, 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|
|Report(s)||1/1||Passed / Not Passed|
Course coordinator:Terje Aven
Course teacher:Roger Flage
Course teacher:Eirik Bjorheim Abrahamsen
Course teacher:Terje Aven
Head of Department:Tore Markeset
Method of work
Guidance, presentations, critique.
PhD Programme in Science and Technology, specialisation in Risk Management and Societal Safety.
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.