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Risk management

COURSE: Risk management

Code: ФЕИТ04012

ECTS points: 6 ECTS

Number of classes per week: 3+0+0+3

Lecturer: Prof. Dr. Vangel Fustik

Subject of the course content: Introduction in Risk management. Up-to-date development trends in Risk management. Possibility as a powerfull tool for obtaining concurent’s advantage. Risk management phases.  Risk identification in particular projects in different utilities. Documentation for risk treatment.  Qualitative risk assessment and analysis. Quantitative value determination of the particular risks influence to the project success. Project manager, project team and the risks. Control list for the risks, their planning, mitigation and their controlling. Decission for risk response planning considering the costs for mitigation and / or transfer of the risk. Risk management methods. The aspects of Cost-Benefit Analysis. Case studies from the practice from real projects.

Literature:

  1. T. Kendrick, Identifying and Managing Project Risk, AMACOM, 2003.
  2. G. Koller, Risk Assessment and Decision Making in Business and Industry, A Practical Guide, CRC Press, 1999.
  3. J. Schuyler, Risk and Decision Analysis in Projects, PMI-Project Management Institute, 2001.
  4. Scientific papers and publications, Harward Business Review, PM Network, IEEE Engineering Mangement , in last 10 years.
  5. V. Fustik, Case studies, FEIT, e-version, 2012.