Enterprise Risk Management: Toolkit

MGMT X 408.811
In this course students are introduced to the basic and advanced tools and techniques of risk and decision analysis, risk management, and insurance, which they will apply to select cases.
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What you can learn.

  • Understand the concept of risk, distinguish between qualitative and quantitative risk analysis, understand and perform sensitivity analysis
  • Explore advanced techniques such as Weibull distributions and Monte Carlo simulations
  • Perform event tree analysis, appreciate influence diagrams, recognize reliability analysis, appreciate expert opinion, understand risk transfer, and comprehend the basic principles of insurance and reinsurance

About this course:

In this course students are introduced to the basic concepts and tools of risk and decision analysis, risk management, and insurance. Students apply the basic concepts and tools of risk and decision analysis, risk management, and insurance to select cases. Specifically, this course helps students understand the concept of risk, distinguish between qualitative and quantitative risk analysis, understand and perform sensitivity analysis, comprehend maximum likelihood methods, interpret Weibull distributions, understand Monte Carlo simulations, perform event tree analysis, appreciate influence diagrams, recognize reliability analysis, appreciate expert opinion, understand risk transfer, and comprehend the basic principles of insurance and reinsurance. Utilizing the various processes, tools, and analyses presented in the course, students experience the challenges of a risk manager by applying course materials to their own case studies. Required course in the Risk, Security, and Resiliency Management Certificate.

Contact Us

Speak to a program representative. Hours: Mon-Fri, 8am-5pm.
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