Master Of Engineering Management
ENG4007.10 – Risk Management in Engineering
This subject aims to develop the ability of students to work and lead the risk management process in an industrial environment through the application of risk management processes and techniques to engineering systems. The subject starts by introducing terminology in risk management activities and related workplaces. The principles and risk assessment procedures are established through case studies and worked examples. The international standard ISO 31000 is used as the basis of risk management. The subject focuses on the key steps in the standard, including context establishment, risk identification, risk analysis, evaluation, and treatment strategies. Techniques that are highly relevant to engineering are explained and practised. These include failure mode and effect analysis (FMEA), as low as reasonably practical (ALARP), fault tree analysis, event tree analysis, as well as more fundamental theories in probability and impact assessments. To further enhance the competencies of graduates in leading risk management work, the subject also includes skills in communication, governance, and decision-making. Individual students set up a program-based professional portfolio, which is to track and facilitate professional learning and development across all subjects of the MEM program. This is done by self-assessing their competencies at the start of each subject/semester and setting personal learning goals to work on the development of their skills and competencies, and to be prepared for the real world of work after graduation.
_edited.png)