Faculty: Graduate School of Natural and Applied Sciences This major focuses on the identification, assessment, and management of risks in various engineering and business contexts. Students gain skills in risk analysis, safety engineering, reliability engineering, financial risk management, and crisis management, preparing for careers in risk management, engineering, consulting, and related fields. **Learning Objectives:** - Understand risk management principles and practices. - Develop skills in risk analysis and assessment. - Learn safety engineering and reliability engineering techniques. - Explore financial risk management and insurance principles. - Analyze crisis management and business continuity planning. - Develop critical thinking, problem-solving, and decision-making skills. - Understand regulatory compliance and ethical considerations in risk management. **Major Outline:** 1. **Introduction to Risk Engineering and Management** - Overview of risk management, types of risks, and industry trends. 2. **Risk Analysis and Assessment** - Techniques for identifying, analyzing, and assessing risks in various contexts. 3. **Safety Engineering** - Principles and practices of safety engineering to prevent accidents and ensure safety. 4. **Reliability Engineering** - Methods for designing and maintaining reliable systems and components. 5. **Financial Risk Management** - Strategies for managing financial risks, including investment risk, credit risk, and market risk. 6. **Insurance and Risk Financing** - Principles of insurance, risk transfer, and financial strategies for managing risks. 7. **Crisis Management and Business Continuity** - Planning and preparing for crises, ensuring business continuity, and managing disruptions. 8. **Regulatory Compliance and Ethics** - Understanding regulatory requirements, compliance, and ethical considerations in risk management. 9. **Risk Communication** - Effective communication of risk information to stakeholders, the public, and decision-makers. 10. **Internship/Practicum** - Real-world experiences in risk engineering and management settings, such as engineering firms, consulting companies, or risk management departments. 11. **Capstone Project** - Comprehensive project applying risk engineering and management skills, such as conducting a risk assessment, developing a safety plan, or creating a business continuity strategy. **Assessment Methods:** - Risk analysis and assessment reports, safety engineering plans, reliability engineering studies, financial risk management projects, insurance and risk financing analyses, crisis management and business continuity plans, regulatory compliance and ethics essays, risk communication strategies, internship reports, capstone projects, group projects, and presentations. **Recommended Textbooks:** - "Introduction to Risk Engineering and Management" by various authors. - "Risk Analysis and Assessment" by various authors. - "Safety Engineering" by various authors. - "Reliability Engineering" by various authors. - "Financial Risk Management" by various authors. - "Insurance and Risk Financing" by various authors. - "Crisis Management and Business Continuity" by various authors. - "Regulatory Compliance and Ethics" by various authors. - "Risk Communication" by various authors. **Prerequisites:** Basic knowledge of engineering principles, mathematics, statistics, and an interest in risk management and analysis. **Major Duration:** Typically 4 years for a bachelor's degree or 2 years for a master's degree in Risk Engineering and Management. **Certification:** Graduates may pursue certifications from professional organizations such as the Professional Risk Managers' International Association (PRMIA), Certified in Risk and Information Systems Control (CRISC) from ISACA, or equivalent risk management certifications. **Target Audience:** Aspiring risk managers, safety engineers, reliability engineers, financial risk analysts, insurance professionals, crisis management specialists, and professionals seeking careers in engineering firms, consulting companies, financial institutions, insurance companies, government agencies, and related fields. This major equips students with the analytical and practical skills needed to excel in risk engineering and management, supporting careers in various risk management and engineering roles.