Engineering Risk Analysis

University of Melbourne

Course Description

  • Course Name

    Engineering Risk Analysis

  • Host University

    University of Melbourne

  • Location

    Melbourne, Australia

  • Area of Study

    Civil Engineering, Engineering Science, Environmental Engineering, Mechanical Engineering

  • Language Level

    Taught In English

  • Prerequisites

    ONE OF the following subjects:

    MAST10007 Linear Algebra
    MAST10008 Accelerated Mathematics 1

    And ONE OF the following subjects:

    ENGR10003 Engineering Systems Design 2
    ENVS10002 Reshaping Environments

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    This subject will focus on how risk analysis and management principles and techniques can be applied to engineering projects. The subject introduces a range of risk analysis techniques, which are put in the context of engineering projects and analysed using the framework of the risk standard (AS/NZS ISO 31000:2009). Risk is a fundamental concept that is applied to every engineering project, whether it is ascertaining the risk of health impacts of water treatment processes, prevention of loss of life by flood mitigation projects, or catastrophic losses caused by the failure of structure in earthquakes or storms.
    The subject is of particular relevance to students wishing to establish a career in Engineering management, but is also of relevance to a range of engineering design disciplines where design for the total life cycle of the product or infrastructure should be considered.
    Topics covered include: an introduction to the history of engineering failures; the forms of risk and risk identification; project risk analysis; the sociological implications of acceptable risk; approaches to risk management, monitoring for compliance, risk perception and design implications.
    On completion of this subject the student is expected to:
    1. Identify information sources and risks for engineering projects
    2. Identify and develop a plan for managing risks and opportunities
    3. Use statistical methods to analyse empirical data and develop a risk based simulation model. Undertake a sensitivity analysis to identify critical variables that have the potential for threatening the success of a project
    4. Use simulation and Engineering Reliability techniques to predict the occurrence of failures of engineering projects
    5. Implement a risk management framework based on AS/NZS/ISO 31000: 2009 including the context establishment, risk identification, risk analysis, risk evaluation, risk treatment
    6. Identify and classify risk in terms of their severity and likelihood
    7. Use tools to diagrams to assist in identifying and representing risks
    8. Define a range of performance metrics for an engineering system.
    2-hour examination held at the end of semester (60%)
    Assignments totaling 3000 words, requiring approximately 30 hours of work per student, due mid-semester and end of semester (30%)
    Attendance and contribution to discussion in tutorials, during semester (10%)
    Intended Learning Outcomes (ILOs) 1 - 8 are assessed in the assignments and contribution in tutorials. ILOs 3, 4 and 5 are assessed in the end of semester examination.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.