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. Consequence 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.

Lectures, project work and exercises. A mandatory project shall be carried out as group work, and will count 40% in the evaluation.