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 2024-2025. Please note that changes may occur.

Facts

Course code

RIS900

Version

1

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Spring, Autumn

Language of instruction

English

Offered by
Time table

View course schedule

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

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
The students need a course in risk similar to RIS505, in addition to basic probability theory and statistics.

Exam

Form of assessment Weight Duration Marks Aid
Report(s) 1/1 Passed / Not Passed

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

Course teacher(s)

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.

Open for

PhD Programme in Science and Technology, specialisation in Risk Management and Societal Safety.

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.

Literature

Search for literature in Leganto