TS500213 - Risk management


Examination arrangement

Examination arrangement: Written project report
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
Written project report 100/100

Course content

Overall Risk Management. The Risk Management Process (incl. definition, risk identification, risk evaluation, risk control, risk financing and management phase) Leadership of a risk management process. Decision making under uncertainty. Decision making under stress (incl. heuristics). The course is elaborating on the planning processes and leadership theories presented in the course. Integrated Operations I: Management of demanding operations. It is recommended, but not mandatory, to take that course before this course.

Learning outcome

Students must have advanced knowledge in the field of risk management and insight into decision-making under uncertainty, have thorough knowledge of scientific theories and methods in risk management, be able to apply knowledge to new areas in the academic field of risk management, be able to analyse academic issues based on history, traditions, characteristics and place in the academic field of risk management, be able to analyse and relate critically to different sources of information and use them to structure and formulate scientific arguments in risk management, be able to analyse existing theories, methods and interpretations in risk management and be able to work independently with practical and theoretical issues. be able to use relevant methods for research and scientific development work, be able to carry out an independent, limited research or development project under supervision in accordance with current norms for research and ethics, be able to analyse and be able to apply academic, professional and research ethics problems, be able to apply their knowledge and skills in new areas to carry out advanced assignments and projects, be able to communicate about academic issues, analyses and conclusions in risk management, both among specialists and the general public, and be able to contribute to innovation and innovation processes in risk management.

Learning methods and activities

Lectures, individual and group exercises. Students are expected to be present minimum 80% of the time meant for group exercises.

Compulsory assignments

  • Mandatory assignment

Further on evaluation

Exam: Individual project report (min. 10 - 15 pages) where the student is expected to execute and document in a report a risk management process based on a voluntarily chosen operation. The report shall be submitted in NTNU's Learning Management System INSPERA as a pdf-file.

Mandatory assignments: The student must have 80% attendance in the course in order to register for the exam. Special cases are assessed individually by submitting an application to the Program manager.

Compulsory activities from the previous semester can be approved by the department.

The resit exam will be held next semester.

Specific conditions

Admission to a programme of study is required:
Management of Demanding Marine Operations (MLAKMO)
Operational Maritime Management (830MDO)

Course materials

Aarset, M.V., Risk, Issues and Crisis Management, TERP, 2016.

More on the course



Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  SPRING 2024

Language of instruction: Norwegian

Location: Ålesund

Subject area(s)
  • Organization and Leadership
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Ocean Operations and Civil Engineering


Examination arrangement: Written project report

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn UTS Written project report 100/100 INSPERA
Room Building Number of candidates
Spring ORD Written project report 100/100



Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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