E M 568 Risk Assessment and Management
Course Objectives
- Students will acquire an in-depth understanding of the fundamentals of risk assessment and management.
- Students will be able to apply risk management strategies and techniques to the design and management of engineering and technology systems.
- Students will recognize advanced applications and new research in risk assessment and management.
Learning Outcomes
- L1. Identify and categorize the various risks faced by an organization;
- L2. Conduct a realistic assessment of those risks with respect to the organization’s risk criteria
- L2. Explain the various risk control measures available and select the most appropriate actions with respect to risk trade-off functions;
- L3. Communicate risk and risk management plans to the organization
- L4. Document, update, and evaluate risk management plans and implementation
- L5. Through case studies and applications, learn how various industries tailor risk management in real-world context
Course Topics
- Fundamentals of Risk
- risk identification
- risk analysis
- risk management
- Risk Tools and Techniques
- Systems Approach
- Taxonomy based, risk breakdown structure
- , HHM, SWOT, root cause analysis, influence diagram
- Risk Tools and Techniques
- PHA, HAZOP, JSA
- Risk Matrix. Risk Index and Risk Ranking
- Risk Tools and Techniques continued
- FMEA, FTA, CCA
- ALARP
- Application of Risk Tools and Techniques
- Fundamental risk treatment strategies
- Risk treatment process
- Performance Monitoring and Review
- ISO 3100
- APPLICATIONS: Quantitative Analysis
- Decision Making Under Uncertainty
- Decision Trees
- Monte Carlo Simulation
- APPLICATIONS: Project Risk Management
- APPLICATIONS: Supply Chain Risk Management
- SPECIAL TOPICS: Risk and TOC, Anti-fragility
- Application of Risk Treatment Strategies, performance monitoring, and review
This course can be used to fulfill the following requirements:
- Master’s degree in Engineering and Technology Management:
- Elective
- Graduate Certificate in Project Management
- Required
- Graduate Certificate in Systems Engineering Management
- Selective for the third requirement
- Graduate Certificate in Logistics and Supply Chain Management
- Selective for the fourth requirement
- Graduate Certificate in Industrial Leadership
- Selective for the fourth requirement
Request More Information
To find out more, please fill in the form or email etm@wsu.edu.
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