Decision-making and Risk Management

Course Information
TitleΑνάλυση αποφάσεων και επικινδυνότητας / Decision-making and Risk Management
SchoolCivil Engineering
Cycle / Level2nd / Postgraduate
Teaching PeriodWinter
Course ID600016654

Programme of Study: PMS PPVA 2018-2023

Registered students: 29
OrientationAttendance TypeSemesterYearECTS
KORMOSCompulsory Course117

Class Information
Academic Year2021 – 2022
Class PeriodWinter
Faculty Instructors
Class ID
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Knowledge Deepening / Consolidation
Mode of Delivery
  • Face to face
Language of Instruction
  • Greek (Instruction, Examination)
General Prerequisites
Learning Outcomes
The aim of this course is for students to comprehend the basic principles and practice in applying techniques of decision-making and risk management. After successfully attending the course the postgraduate student should be capable of: 1. Structuring and resolving a single- or multi-criteria decision-making problem with the use of quantitative and qualitative methods. 2. Understanding the notions of risk, uncertainty, utility and reliability. 3. Analyzing the risk management framework through the lens of relative standards, laws and regulations, scientific advances and practical approaches on the field. 4. Implementing the risk identification and qualitative risk analysis processes. 5. Understanding the fundamentals of the quantitative risk analysis process. 6. Structuring decision trees on various types of decision and risk analyses. 7. Using graph theory techniques for decision-making.
General Competences
  • Apply knowledge in practice
  • Make decisions
  • Work autonomously
  • Work in teams
  • Work in an international context
  • Work in an interdisciplinary team
  • Design and manage projects
Course Content (Syllabus)
The decision-making framework: Structure and analysis. Qualitative and quantitative approaches and methods for resolving single- or multi-criteria decision-making problems. Analysis of the notions of risk and uncertainty. Standards, laws and regulations, scientific advances and practical approaches on the field. Risk management processes: Content and Outputs, Techniques and application examples of risk identification and qualitative risk analysis. Decision trees. Utility theory. Graph theory. Reliability theory.
Decision-making, Risk management
Educational Material Types
  • Slide presentations
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
Exploitation of the course's e-platform (elearning)
Course Organization
Reading Assigment120
Interactive Teaching in Information Center2
Student Assessment
Written exams 100%
Student Assessment methods
  • Written Exam with Multiple Choice Questions (Summative)
  • Written Exam with Short Answer Questions (Summative)
  • Written Exam with Extended Answer Questions (Summative)
  • Written Exam with Problem Solving (Summative)
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