Management of Technological Risks
Not available in 2013
Previously offered in 2009, 2007, 2005, 2004
Considers the assessment and evaluation of risks associated with a wide variety of engineering/technology projects, including environmental, mechanical, chemical, computer, civil, water resources, and structural engineering projects. Emphasis is placed on quantifying risks and the treatment of risk within a rational decision-making framework. Other topics include modelling the behaviour of complex systems, reliability analysis, simulation, updating and prediction, and risk acceptance criteria.
Lectures will present theoretical background material and problem orientated exercises. Also included are four to six problem solving assignments, and a final term project which will involve students presenting a short seminar to the class.
|Objectives||1. Understand key concepts of risk and risk assessment.
2. Representation of system performance.
3. Reliability data for risk analysis.
4. Calculation of risks (risk analysis).
5. Decision-making criteria.
|Content||1. Definitions of risk and risk assessment.
2. Case studies.
3. Sources of risk.
4. Modelling of systems.
5. Performance of system elements.
6. Human error and human reliability data.
7. Risk analysis.
8. Risk acceptance criteria (how safe is safe enough?).
|Modes of Delivery||Internal Mode|
|Contact Hours||Lecture: for 3 hour(s) per Week for Full Term|