Risk and Decision Making

Content
5 modules

Rating

Course Length
8 hours

Instructor
Edumine Courses

Released
27 Apr 2020

Price
$399.00

Description

Risk is seldom explicitly introduced in the decision making equation, despite the fact that risk is often invoked. Many companies and organizations in the world consider risk management as a separate discipline, a sort of auditing/compliance nuisance imposed on them by governance rules or fearful upper management, resulting in the feeling that risk management may not be adding value to their business. Very seldom is risk management seen as an investment to generate positive outcomes, not just to prevent bad ones. 

This course introduces a new approach that explicitly takes risks and uncertainties, and the stochastic nature of costs, into account. The new approach presents the concepts of the Economic Safety Margin and Comparative Risk Based Decision Making, illustrated by case studies. The latter is an innovative technique for comparing alternatives and projects at the tactical level. 

By registering for certification in this course you can download and submit a data input sheet for a project of your choice to the authors and receive a free email consultation from an expert. 

For a video presentation of Dr. Oboni's lecture on Risk and Decision Making (requires Adobe Flash Player), click on: Keynote Lecture


Authors

  • Dr. Franco Oboni Ph.D., Civ. Eng. EPFL/SIA (Co-Author)

  • Cesar Oboni (Co-Author)
     

Duration 8 hours
Access 90 Days
Category Leadership
Level Specialize
Version Date November 26, 2007

 

 

 

Objectives

Learning Outcomes

  1. Discuss new approaches to risk assessment and decision making, such as Economic Safety Margin and Comparative Risk Based Decision Making and their application in practice. 

  1. Discuss ways to recognize common risk exposures, and quantification techniques for evaluation of subjective probabilities. 

Certificate

By completing/passing this course, you will attain the certificate Edumine Certification

Learning Credits

CEU
0.8
PDH
8.0
1.
Table of contents
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2.
Module 1: Comparing and Evaluating Alternatives
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3.
Knowledge Check Module 1: Comparing and Evaluating Alternatives
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4.
Module 2: Comparative Risk Based Decision Making
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5.
Knowledge Check Module 2: Comparative Risk Based Decision Making
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