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IND506-G Risk Management

Master's Programme in Industrial and Information Management

Autumn

Norwegian and English. Lectures are in Norwegian. Textbooks are in English, and international students are offered special tuition in English.

The participant should have a course in basic calculus of probability and statistics.

After completing the course, the student is expected to: have insight and knowledge in risk management and quality assurance have a profound understanding of risk and quality concepts have learned methods and assessments to be able to take decisions under uncertainty be able to perform reliability analysis and risk assessments associated with technological enterprises

The course contains both qualitative assessments and quantitative methods with cases from various industrial branches. Emphasis is laid and cases are taken form the mechanical industry. Important issues are: Definitions of safety, risk, reliability and failure rate Stochastic analysis, decision making Simulation techniques using Monte Carlo and Markovian chains Risk based management of large technological projects Technical safety and logical tools for review, FMECA, RAM, failure three Life models and maintenance planning Risk based inspection of load bearing structures Life Cycle Cost, cost benefit analysis Financial risk associated with large investments Application of professional software: Crystal Ball Quality, management and improvements Quality assurance and quality control Achieving quality and improvements

Lectures 3 hours per week and exercises 2 hours per week.

Satisfactory submission of compulsory group assignment.

Written examination, 4 hour (60 % contribution to final assessment) and group work (40 % contribution to final assessment). Graded assessment. The group work must be assessed to Pass to take the examination.

Master's level

Second year of master's programme.

Study Coordinator Arne Isaksen

Face-to-face

The syllabus will be published on the home page of the course when finalised. See link in the upper right hand corner of the page.

No

Faculty of Economics and Social Sciences

ECTS Course Catalogue University of Agder 2009-10
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Norwegian Version