College: Graduate School of Natural and Applied Sciences

This major focuses on identifying, evaluating, and managing risks in various engineering and business contexts. Students gain skills in risk analysis, safety engineering, reliability engineering, financial risk management, and crisis management, preparing them for careers in risk management, engineering, consulting, and related fields.

Learning Objectives:

• Understand the principles and practices of risk management.
• Develop skills in risk analysis and evaluation.
• Learn safety engineering and reliability engineering techniques.
• Explore the principles of financial risk management and insurance.
• Analyze crisis management and business continuity planning.
• Develop critical thinking, problem-solving, and decision-making skills.
• Understand regulatory compliance and ethical considerations in risk management.

Main Syllabus:

1. Introduction to Risk Engineering and Management - An overview of risk management, types of risks, and industry trends.
2. Risk Analysis and Evaluation - Techniques for identifying, analyzing, and evaluating risks in various contexts.
3. Safety Engineering - Principles and practices of safety engineering to prevent accidents and ensure safety.
4. Reliability Engineering - Methods to design and maintain reliable systems and components.
5. Financial Risk Management - Strategies for managing financial risks, including investment, credit, and market risks.
6. Insurance and Risk Financing - Principles of insurance, risk transfer, and financial strategies for managing risks.
7. Crisis Management and Business Continuity - Planning and preparing for crises to ensure business continuity and manage disruptions.
8. Regulatory Compliance and Ethics - Understanding regulatory requirements and compliance and ethical considerations in risk management.
9. Risk Communication - Effectively communicating risk information to stakeholders, the public, and decision-makers.
10. Practical/Applied Training - Hands-on experiences in risk engineering and management environments, such as engineering firms, consultancies, or risk management departments.
11. Capstone Project - A comprehensive project applying risk engineering and management skills, such as conducting a risk assessment, developing a safety plan, or creating a business continuity strategy.

Assessment Methods:

Risk analysis and evaluation reports, safety engineering plans, reliability engineering studies, financial risk management projects, insurance and risk financing analyses, crisis management and business continuity plans, regulatory compliance and ethics essays, risk communication strategies, practical training reports, capstone projects, group projects, and presentations.

Recommended Textbooks:

• "Introduction to Risk Engineering and Management" by various authors.
• "Risk Analysis and Evaluation" by various authors.
• "Safety Engineering" by various authors.
• "Reliability Engineering" by various authors.
• "Financial Risk Management" by various authors.
• "Insurance and Risk Financing" by various authors.
• "Crisis Management and Business Continuity" by various authors.
• "Regulatory Compliance and Ethics" by various authors.
• "Risk Communications" by various authors.

Prerequisites:

Basic knowledge of engineering principles, mathematics, and statistics, with an interest in risk management and analysis.

Duration of the Program:

Typically 4 years for a Bachelor's degree or 2 years for a Master's degree in Risk Engineering and Management.

Certification:

Graduates can obtain certifications from professional organizations such as the Professional Risk Managers' International Association (PRMIA), ISACA's Certified in Risk and Information Systems Control (CRISC), or equivalent risk management certifications.

Target Audience:

Aspiring risk managers, safety engineers, reliability engineers, financial risk analysts, insurance professionals, crisis management specialists, and professionals seeking careers in engineering firms, consulting companies, financial institutions, insurance companies, government agencies, and related fields.

This major equips students with the analytical and practical skills necessary to excel in risk engineering and management, supporting careers in various risk management and engineering roles.