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Risk Management and Decision Making

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The RMS Partnership offers on-site and online CEU technical courses through the Florida Institute of Technology (FIT). The instructors are technical professionals with many years of teaching experience and authorship.



[FIT Online Course #PDP0711 โ€“ RISK MGMT] Schedule: Online, May 30 through Jul 1, 2016 $450* per engineer. Taught by John Blyler, PSU and JB Systems

This course will examine the concepts, techniques and tools for managing risk and making decision as key components of the systems engineering process. Differences between mission critical and non-mission critical programmatic risk will be emphasized. Other topics include the limits of expected value-based risk analysis, decision making strategies such a max/min, min/max and regrets. Formal methods in risk analysis, elementary decision analysis and decision trees, multi-objective decision making, Pareto techniques, optimality, and trade-off analysis will be covered. Risk and decision techniques will be contrasted with the interfacing processes of program management and software engineering, from both the government (DOD) and industrial perspectives. Case studies will be used throughout the course to demonstrate actual implementation of concept and techniques.