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Risk management

Type of study Bachelor
Language of instruction Czech
Code 040-0600/01
Abbreviation ŘR
Course title Risk management
Credits 3
Coordinating department Department of Occupational and Process Safety
Course coordinator prof. Dr. Ing. Aleš Bernatík

Subject syllabus

1. Risks in society, in business and in an private life, the reason of risk management and its empirical and structured form. Risk management systems in social goals, legislation and standards.
2. Terminology and the basic concept of risk as the effect of uncertainty on achieving the goals. Risk as a result of exposure to a vulnerable hazard target. Chronic and acute risks, existential and common risks. Accident theory, dysfunction of systems.
3. Actors in risk management, their roles, responsibilities and relationships - risk owner, risk bearer, regulator, analyst, manager. Management and governance of risks, the foundations of decision-making theory.
4. Principles of the risk management goal setting process, its framework, complexity and depth. The subjective nature of the targets. Team composition to implement risk management.
5. Hazard identification. Types of hazards and forms of their flow. Hazardous objects and situations, hazards physical, chemical, biological, environmental, social and information-related. Hazard identification tools.
6. Risk development scenarios, forms of identification, representation and evaluation. Logical diagrams. Risk rationalization. Determination of uncertainty, probability and frequency, their evaluation.
7. Impact assessment of adverse events, human impacts, environment, property and services. The design of impact severity scales, their integration - the expression of risks. Qualitative, semi-quantitative and quantitative approach.
8. Risk matrix, its creation and evaluation. Transition from risk analysis to risk assessment, subjective factors, risk perception and its acceptability.
9. Setting prevention targets, "how safe is safe enough? " Risk management decision making process, ALARA / ALARP principles. Social and ethical aspects of risk management.
10. Risk prevention tools and their selection methods.
11. Residual risks and their impacts, accidents, emergencies, crises. Business continuity management.
12. Contingency and emergency, preparedness, emergency plans and how to verify them. Training and testing.
13. Risk communication, ethic in risk management.

E-learning

Study materials are available at system E-vyuka.

Literature

ČSN ISO 31000 (010351) A Management rizik - Principy a směrnice. Praha: Úřad pro technickou normalizaci, metrologii a státní zkušebnictví, 2018.
BAHR, Nicholas J. System safety engineering and risk assessment: a practical approach. Second edition. Boca Raton: CRC Press, Taylor & Francis Group, 2015. ISBN 978-1-4665-5160-2 .
Guidelines for integrating process safety management, environment, safety, health, and quality. New York: Center for Chemical Process Safety of the American Institute of Chemical Engineers, c1996. CCPS guidelines series. ISBN 0-8169-0683-1.
ASSEMBLY, UN General. Report of the open-ended intergovernmental expert working group on indicators and terminology relating to disaster risk reduction. United Nations General Assembly: New York, NY, USA, 2016, 41.

Advised literature

PERROW, Charles. Normal accidents: Living with high risk technologies-Updated edition. Princeton university press, 2011.
TALEB, Nassim Nicholas. The black swan: The impact of the highly improbable. (2nd ed.), London: Penguin, 2010. ISBN: 9788074321283.
ROESER, Sabine, et al. (ed.). Essentials of risk theory. Springer Science & Business Media, 2012.
RENN, Ortwin. Risk governance: coping with uncertainty in a complex world. London: Earthscan, 2008. ISBN 978-1-84407-292-7.
Aven, T. Foundations of Risk Analysis: Second Edition. Wiley, 2012. ISBN: 978-1-119-96697-5 
MCKINNON, Ron C. Safety management: near miss identification, recognition, and investigation. Boca Raton: CRC Press, c2012. ISBN 978-1-4398-7946-7.
BAHR, Nicholas J. System safety engineering and risk assessment: a practical approach. Second edition. Boca Raton: CRC Press, Taylor & Francis Group, 2015. ISBN 978-1-4665-5160-2 .
HAIMES, Yacov Y. Risk modeling, assessment, and management. Fourth edition. Hoboken: Wiley, 2016. Wiley series in systems engineering and management. ISBN 978-1-119-01798-1 .
SMITH, Preston G., MERRITT, Guy M. Proactive risk management: Controlling uncertainty in product development. Productivity Press, 2002.
BAUBION, Charles. OECD Risk Management, 2013.
US DEPT OF HOMELAND SECURITY; UNITED STATES OF AMERICA. Risk Management Fundamentals: Homeland Security Risk Management Doctrine, 2011.
HOPKIN, Paul. Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers, 2018.
MEYER, Thierry; RENIERS, Genserik. Engineering risk management. Walter de Gruyter GmbH & Co KG, 2016.
POLJANSEK, Karmen, et al. Science for disaster risk management 2017: knowing better and losing less. ETH Zurich, 2017.