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Risk Management

Study program:
Environmental Engineering (X semester -MsC)
Surface Mining of Mineral Deposits (X semester -MsC)
Name of subject: Risk Management
Instructors:
Prof. Igor Miljanović
Status: Optional
ECTS: 6
Prerequisites: -
Course Objectives:
Acquainting with contemporary methods of risk management and decision making process in production and business environment.
Learning Outcomes:
Student acquired knowledge on identification, analysis and management of risks and uncertainties in industrial processes.
Content:

Theory teaching
1. Introduction to risk management and decision making in industry.2. Risk management strategies 3. Risk classification. 4. Risk management procedures (risk assessment and estimation, handling risks, supervision) 5. External risks in minerals engineering I (financial, market, business) 6. External risks in minerals engineering II (legislative, expropriative, regional, political) 7. Production technology related risks and uncertainties 8. Health and work safety related risks. Human factor 9. Risks related to spatial, environmental and urban conditions and limitations. 10. Risk management in the legislation of the Republic of Serbia 11. Risk related legislation in other countries. Legislation of the EU 12. Identification, assessment and quantification of risks - FMEA (failure mode effects analysis) 13. Identification, assessment and quantification of risks - FTA (fault tree analysis) 14. Identification, assessment and quantification of risks - HAZOP (hazard and operability study) 15. Decision making support

Practical teaching
1. Case study: Risk identification and analysis in surface mining (2 sessions) 2. Case study: Risk identification and analysis in underground mining (2 sessions) 3. Case study: Risk identification and analysis in mineral processing (2 sessions) 4. Risk management legislation analysis (3 sessions) 5. FMEA - exercises (2 sessions) 6. FTA - exercises (2 sessions) 7. HAZOP - exercises (2 sessions)

Suggested Reading List:
  1. Stranks, J.: Management Systems for Safety, London, Pitman Publishing, 1994
  2. Glendon, I., McKenna, E. F.: Human Safety and Risk Management, London, Chapman & Hall, 1995
  3. Overview of Best Practice Environmental Management in Mining, Environment Australia, 2002
  4. Joy, J., Minerals industry Risk Management Model, University of Queensland, 1997.
  5. Bell J, Holroyd, Review of human reliability assessment methods, 2009
Conduct of the Course:
Oral presentation, practical work (calculation exercises)
Fund hours:
Lectures Exercises Other forms of teaching Study research
2 2 0 0
Assessment:
Final Exam ECTS
Oral Exam30

Classwork Assessment ECTS
Class Participationа20
Practical Classes20
Seminars30
Additional Assessment Criteria: -


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