Catalogue 2016 - 2017

EMGT 704 Engineering Risk Analysis

Credits

3 cr.

Prerequisite

EMGT 602 or permission

Course Description

This course develops the students understanding of risk analysis methods for engineering systems, such as infrastructure development projects for organizational and societal planning purposes. The course develops a robust foundation for qualitative and quantitative risk analysis through problem structuring, data collection and data analysis before transitioning to leveraging software packages that enhance the analyst’s capabilities to model systems and understand risks within the system. It examines methods and processes of planning for, identifying, assessing, monitoring, and responding to project risk. Methods explored include fault tree development and analysis, decision tree analysis, risk modeling and simulation.


Notes

This course examines the application of engineering management technique methodology to recognize, evaluate, and make decisions regarding expenditures for the mitigation of potentially risks associated with large engineering projects. It examines methods and processes of planning for, identifying, assessing, monitoring, and responding to project risk. Quantitative risk analysis procedures, including decision free analysis, risk simulation, risk ranking, and risk responding techniques are covered.

Fee