Department of Risk Analysis

The foundation of risk analysis is to assess the effects of uncertainty and develop a systematic management process. According to the ISO 31000 standard, risk is defined as "the impact of uncertainty on objectives," encompassing both negative and positive outcomes.

The discipline of risk analysis embraces a comprehensive process that includes risk identification, analysis, assessment, and management.

Risk analysis assists in critical decision-making in a wide variety of fields, including finance, engineering, healthcare, the environment, and food safety. For example, in food safety, risk analysis forms the basis of regulatory protection.

In sectors such as insurance and finance, the assessment of risk based on statistical and mathematical values ​​is carried out through actuarial science, which makes a significant contribution to risk analysis.

 

The courses and content approaches that can be offered in a Risk Analysis Department are as follows:

Theoretical Foundations: Definition of risk concepts; the relationship between probability, uncertainty, and consequence; the triplet approach (scenario, probability, consequence).

Methods: Qualitative and quantitative risk analysis methods (Monte Carlo simulations, CVaR, probability models).

Standards and Guidance: Introduction and implementation of processes within the scope of ISO 31000 and ISO/IEC 31010.

Applied Analysis and Ethics: Real-world case studies, industry-specific applications (e.g., healthcare, environment, food, insurance, etc.), and ethical issues.