Methods for Risk Analysis and Management

This course consists of three blocks following a risk analytical approach: (A) introduction, (B) analysis, (C) assessment, treatment and follow-up.

In block A Students will get familiar with the concepts and definition used in safety science and the basic steps of a risk analysis.

In block B the course will focus on identification of hazards and qualitative/semi quantitative risk analysis. A selection of methods is explored to get acquainted with its application and limitations. For instance: Fault tree analysis, Event tree analysis, Bowtie diagram, Reliability Block Diagram, Markov Chain Analysis, Bayesian networks, Decision making under uncertainty.

In block C the assessment of the outcomes of a risk analysis are put central. This includes acceptance, stakeholder perspectives, decision making and monitoring.