Learning objectives of this course:

• Explain and develop the concept and role of risk management comprehensively.
• Introduce the use of risk management as a tool for identifying, analyzing and controlling risks using software.

• Explain and apply risk management principles in risk assessments.

• Introduction to Risk

  • Definition and types of risks (financial, operational, environmental, etc.)
  • Importance of risk management in various industries

• Basic Principles and Guidelines Concerning Risk

  • Understanding the key principles of risk management
  • International and industry-specific guidelines for managing risk

• Risk Management Standards

  • Overview of risk management standards (e.g., ISO 31000)
  • Application of these standards in risk management processes

• Risk Assessment

  • Steps involved in identifying, assessing, and evaluating risks
  • Techniques for prioritizing risks based on likelihood and impact

• Risk Analysis

  • Qualitative and quantitative methods for analyzing risks
  • Tools and techniques used in risk analysis (e.g., FMEA, fault tree analysis)

• Risk Analysis and Simulation

  • Introduction to simulation techniques for risk analysis
  • Using models to predict risk outcomes and support decision-making

• Simulation of Risk with Monte Carlo Method

  • Overview of the Monte Carlo method for risk simulation
  • Applications of Monte Carlo simulations in risk management and decision-making

• The Risk of Using Software Simulation (Crystal Ball)

  • Introduction to Crystal Ball software for risk simulation
  • Practical applications and case studies of using Crystal Ball in risk assessment

1. J. F. A. Stoner, Management, 1986.