Handbook

Risk analytics enable clearer visibility into the challenges associated with managing a wide range of risks facing organisations in today’s increasingly complex operational environment. This course introduces analytics tools and techniques to measure, quantify and analyse risks. The course focuses on the application of these tools to risk assessment, which is a key component of the risk management process. The course covers risk analytics tools and approaches routinely used to analyse strategic, operational, environmental, health and safety, engineering reliability and security risks. Emphasis is placed on the practical applications of these approaches using qualitative, semi-quantitative and quantitative tools and techniques, including Scenario Methods, Bayesian Networks, Human Reliability Analysis, Toxicological Assessment, Risk Maps and approaches to dealing with extremes.