Applied Risk Analysis (RIS615)

Content

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 course will also address how other sources of information, such as accident investigation reports, can be used to manage risk.

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 individually or in groups with two persons and prepare an academic essay on a selection of problem selected by the student from a set of pre-defined problems.

Some gatherings (seminars/workshops) 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 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:

Knowledge

• 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 how other relevant risk related sources of information, such as accident investigations, can be used when risk is managed in society and organizations
• Understand success criteria and pitfalls when risk assessments are being carried out and used in practice

Skills

• 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 an academic essay, including mastering proper referencing to the literature used

Required prerequisite knowledge

Recommended prerequisites

Exam

Course teacher(s)

Course coordinator:

Course teacher:

Head of Department:

Method of work

Open for

Course assessment

Literature