Prerequisite/Recommended prerequisite for participation in the module

The module adds to the knowledge obtained in Applied Statistics and Probability Theory and Systems Engineering.

Content, progress and pedagogy of the module

Students who complete the module:

Learning objectives

Knowledge

• Understand the process of risk analysis and its relation to risk management.
• Know qualitative and quantitative methods for risk analysis including cost-benefit analysis, HAZID/HAZOP, FMEA, FTA og SIL.
• Have knowledge of influence of organizational factors and human errors.

Skills

• Are able to perform risk analysis of various types of problems and systems.
• Are able to interpret and use the results from a risk analysis in a decision making process of risk management.

Competences

• Are able to model, calculate and communicate risk.

Type of instruction

Lectures, discussion, group-based project work, student presentations.

Extent and expected workload

The module is 5 ECTS which is corresponding to 150 hours of study.

Exam

Exams

Name of exam	Risk Analysis
Type of exam	Written exam Written exam based on a case.
ECTS	5
Assessment	Passed/Not Passed
Type of grading	Internal examination
Criteria of assessment	The criteria of assessment are stated in the Examination Policies and Procedures