1. Develop understanding of different business risk categories
2. Calculate risk exposure based on probability and impact
3. Identify and to describe company risks
4. Define risk matrix for a specific investment project
5. Calculate monetary value of the originally identified risks
6. Create a risk register and analyze the acceptability of the contingency fund.
7. Create risk management plan
8. Assess feasibility of the investment projects considering risks
9. Explain and conduct PESTLE and SWOT analyses

The lectures are supported by power point presentations and additionally with class examples (activities) additionally explaining the material from the slides

Two seminar papers, each correlated with lecture cycles

During the classes there are activities with examples prepared in advanced. The examples are discussed and solved with the professors

1. Definitions and main concepts in risk managment
2. Global risks, International standards in risk managment, Duality of risk managment
3. Qualitative and quantitative techniques for risk assessment, Brainstorming techniques for risk assessment (Delphi, PESTLE, SWOT)
4. Fault tree analysis (FTA) technique for risk assessment
5. Seminar, The role of risk matrix and risk register
6. Defining a risk breakdown structure (RBS), The role of priority lists in risk managment
7. Seminar, Quantifiction of different impact and exposure values in risk register
8. Midterm exam
9. Defining a check list for performing quantitative risk analysis, Defining and creating a project timeline and budget
10. Expected monetary value (EMV) of risk managment in projects
11. Quantitative methods; probability distribution, Monte Carlo methods, Planning responses to risk occurance
12. Seminar, Defining and clasifying responses (Avoid, Mitigate, Transfer, Accept)
13. Expected monetary value (EMV) of risk managment in projects
14. Decision making under uncertainty, Risk supervision and control
15. Final exam