To enable students to learn and apply the principles and processes of Risk Management in the context of engineering and business management.
- Learning Outcomes
- 1.Define objectives of risk management and determine criteria for measurement and analysis of problems.
2.Utilise analytical evaluation and decision making methodologies to determine project direction and choices.
3.Critically analyse risk management approaches and methodologies.
- Scope of risk analysis.
Hazard identification, fault tree analysis (FTA), failure mode effect and analysis (FMEA).
Risk Evaluation for system state, including qualitative and quantitative.