Construction Management - Eng Risk and Decision Analysis

Catalog description

The course investigates the fundamental principles and techniques of risk and decision analysis. It applies these principles in project-level decisions in which risk or uncertainty play a central role. The course examines various risk and decision tools including Monte Carlo analyses, influence diagrams, and other types of multi-criteria decision analyses. In addition to teaching to the skills and techniques, the course will introduce students to new ideas and concepts regarding decision and risk analysis. Prerequisite: CMGT 500 or CMGT 700, CE 625 or Math 526, or consent of instructor.