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Course Description

A foundation in risk analysis is a crucial skill set in today’s business marketplace. When you can understand risk and apply strategies to manage it, you set yourself up for success in an ever-changing world.

In this course, you will explore key risk evaluation strategies and tools. You will begin by delving into the basics of risk analysis, studying hazards, risk management strategies, and vulnerability identification. You will then broaden your focus to visualizing and estimating risk, discussing models such as risk matrices that categorize risks by likelihood and consequence. Finally, you will analyze the causes and effects of adverse events, constructing event trees and performing fault tree analysis using practical tools like Python and R. By the end of this course, you will have a firm grasp of risk analysis and evaluation, including how to assess the likelihood and effects of adverse events.

Faculty Author

Linda K. Nozick

Benefits to the Learner

  • Identify the types of risk and describe the steps involved in creating a risk analysis
  • Structure a risk analysis and apply measures to characterize risk
  • Apply modeling tools for risk quantification, including fault trees and event trees

Target Audience

  • Risk managers and analysts
  • Finance and insurance professionals
  • Project managers
  • Supply chain managers
  • Computer and information security engineers
  • Software developers
  • Engineers
  • Executives
  • Professionals across industries interested in understanding risk management

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
3 week
Dates
Jul 03, 2024 to Jul 23, 2024
Total Number of Hours
30.0
Course Fee(s)
Contract Fee $100.00
Type
3 week
Dates
Sep 25, 2024 to Oct 15, 2024
Total Number of Hours
30.0
Course Fee(s)
Contract Fee $100.00
Type
3 week
Dates
Dec 18, 2024 to Jan 07, 2025
Total Number of Hours
30.0
Course Fee(s)
Contract Fee $100.00
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