Risk Analysis and Management

Catalog description

Section information text: This course will introduce students to principles and methods of risk analysis and risk management, as related to diverse engineering and socio-technical systems. Students will learn how to: identify, prioritize and quantify risks; perform qualitative and quantitative risk assessments and develop risk models; assess uncertainty; identify, evaluate, and prioritize risk management alternatives; and communicate risk to stakeholders. Through the use of varied example problems and case studies, students will develop an understanding of the appropriate use of risk analysis and management methods for engineering and policy decision making under uncertainty. A student may not receive credit for both EMGT462 and EMGT562. Students enrolled in EMGT562 must complete a project not covered in EMGT462.