Hold Ctrl-tasten nede. Trykk på + for å forstørre eller - for å forminske.


Risk assessment and decisions

This is the study programme for 2019/2020. It is subject to change.

This course provides a foundation in generic risk assessment and an introduction to applied risk assessment in various industries and sectors. The use of risk assessments for risk-informed decision-making is emphasised.

Learning outcome

After taking this course the student shall:
  • Have in-depth knowledge of common generic frameworks, approaches, standards, principles, concepts, methods and models for risk assessment
  • Have basic knowledge of how these are operationalised in selected application areas, such as global, national and regional/municipal risk assessments, risk assessment in enterprises, offshore oil and gas risk assessments, and infrastructure risk assessments
  • Understand how risk assessments are to be used to support risk-informed decision-making

  • Be able to recognise, describe and distinguish the common generic frameworks, approaches, standards, principles, concepts, methods and models for risk assessment
  • Be able to reflect on strengths and weaknesses of these
  • Be able to apply common risk assessment methods to realistic problems

General competence
  • Communicate professional problems orally and in writing, analyse, and draw conclusions within the subject area


The general part of the course covers risk assessment and management, relevant standards, the risk assessment process, introduction to some risk assessment methods, and other subjects related to risk management, such as emergency preparedness planning, business continuity, and the distinction between safety and security.
The application part of the course covers topics such as risk assessment in a global, national and municipal context, in the oil and gas industry, in infrastructure planning, in land use planning (risk assessment of major hazard sites, MAHs), and the use of risk indicators.

Required prerequisite knowledge

RIS500 Risk analysis and risk management


RAG500 Foundations of risk analysis and governance


Oral exam and student report
Weight Duration Marks Aid
Oral exam40/10050 minutesA - FNone permitted
Student report in groups60/100 A - F
The students will work in groups of 5-6 persons. Report tasks will be handed out to the students early in the semester, and the students will work with these tasks during the semester, with predefined guidance sessions.
During the oral exam, the student groups will present their work and answer questions from the examiners. Questions can be asked to the group in general or to each individual group member. Individual grades will be assigned based on the oral exam.
The final grade will be decided by the examiners.

Course teacher(s)

Course coordinator
Willy Solberg Røed
Course teacher
Roger Flage
Head of Department
Tore Markeset

Method of work

The course will combine full-day lectures (6 hours) with problem-based learning.

Open to

Open for students with study rights at master level at the Faculty of Science and Technology

Course assessment

The course is evaluated in line with the faculty or university guidelines, systems and plans.


Compendium of book chapters
Compendium of articles and reports
International Organization for Standardization. (2018). ISO 31000: Risk Management: Principles and Guidelines. Ed. 2.
International Organization for Standardization. (2009). ISO 31010: Risk Management: Principles and Guidelines
All notes and problems presented
Supplementary readings
Additional literature as informed about in Canvas at semester start-up

This is the study programme for 2019/2020. It is subject to change.

Sist oppdatert: 06.06.2020