TPK5160 - Risk Analysis
Definition and discussion of basic concepts of risk analysis. Risk metrics. Risk acceptance criteria. Qualitative and quantitative methods for risk analysis, like preliminary hazard analysis, HAZOP, fault tree analysis, and event tree analysis. Analysis of human errors and organizational factors. Barrier analysis. Data sources and uncertainties. Rules, standards, and guidelines. Risk reduction and cost/benefit analysis. Use risk analyses within different industries and applications.
Knowledge: Students shall have wide knowledge of what a risk analysis is, the steps in the process of performing a risk analysis and common methods used.
Skills: Students shall be able to perform risk analysis of various types of problems and interpret and present the results from the analysis as input to a decision process.
General competence: Students shall have an understanding of issues related to use of risk acceptance criteria and how risk analysis can be used and misused.
Learning methods and activities
Lectures, project work and exercises. A mandatory project shall be carried out as group work, and will count 40% in the evaluation. The lectures and exercises are in English when students who do not speak Norwegian take the course. If the teaching is given in English the Examination papers will be given in English only. Students are free to choose Norwegian or English for written assessments.
- Project work
Further on evaluation
Portfolio assessment is the basis for the grade in the course. The portfolio includes a Group exercise work counting 40 % and a written exam counting 60 %. The results for the parts are given in %-scores, while the entire portfolio is assigned a letter grade according to the grading scale using percentage points.
Mandatory work (Project work) from previous semester can be accepted by the Department by re-take of an examination if there haven't been any significant changes later.
By a re-take of an examination all assessments during the course, that counts in the final grade, have to be re-taken.
If there is a re-sit examination, the examination form may be changed from written to oral.
Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.
Recommended previous knowledge
Basic course in probability theory.
M Rausand: Risk Assessment: Theory, Methods and Applications, Wiley 2011.
Examination arrangement: Portfolio assessment
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- * The location (room) for a written examination is published 3 days before examination date.