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Risk analysis and risk management RIS500

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.


Course description for study year 2021-2022

Facts
Course code

RIS500

Version

1

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

English, Norwegian

Offered by

Faculty of Science and Technology, Department of Safety, Economics and Planning

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

Content
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
Form of assessment Weight Duration Marks Aid
Written exam 1/1 4 Hours A - F Basic calculator specified in general exam regulations 1), English-Norwegian/Norwegian-English list of key words 1)

1) Basic calculator allowed: Hewlett Packard HP30S, Casio FX-82, Texas Instruments TI-30, Citizen SR-270X

Digital exam (INSPERA)

Course teacher(s)
Course teacher: Willy Solberg Røed
Course coordinator: Terje Aven
Course teacher: Roger Flage
Course teacher: Anders Jensen
Course teacher: Kjartan Bjørnsen
Course teacher: Eirik Bjorheim Abrahamsen
Head of Department: Tore Markeset
Method of work
2 hours teaching  per week, in English
Open for
Biological Chemistry - Master of Science Degree Programme City and Regional Planning - Master of Science Computer Science - Master's Degree Programme Environmental Engineering - Master of Science Degree Programme Industrial economics - Master's Degree Programme Industrial economics - Master's Degree Programme - 5 year Robot Technology and Signal Processing - Master's Degree Programme Engineering Structures and Materials - Master's Degree Programme Mechanical and Structural Engineering and Materials Science- Master's Degree Programme - 5 years Mathematics and Physics - Master of Science Degree Programme Industrial Asset Management - Master's Degree Programme Marine- and Offshore Technology - Master's Degree Programme Offshore Technology - Master's Degree Programme Petroleum Geosciences Engineering - Master of Science Degree Programme Petroleum Engineering - Master of Science Degree Programme Petroleum Engineering - Master`s Degree programme in Petroleum Engineering, 5 years Technical Societal Safety - Master's Degree Programme Risk Management - Master's Degree Programme (Master i teknologi/siviling.) Exchange programme at Faculty of Science and Technology
Course assessment
Form and/or discussion
Overlapping courses
Course Reduction (SP)
Risk analysis and risk management (MOS210) 10
Risk based management (SAM510) 5
Foundations of risk analysis and risk science (RAG500) 10
Literature
The syllabus can be found in Leganto