European Master and Certification Program
in Risk Engineering and Management

Operational Management

Course code: 181780
Language of instruction: English
Duration of the course: 20 days (180h)
Lecturers: Prof. Dr. Aleksandar S. Jovanovic (Steinbeis Advanced Risk Technologies GmbH)
Assessment: Written Exam Transfer Paper
Credit points: 6 CPs

Short description

This module aims to highlight the concepts and techniques related to the design, planning, control, and improvement tasks encountered by managers within their organizations. It will present conceptual frameworks and tools enabling a better understanding of operational management. Challenges, opportunities and related risks will be shown in a new light, and it will be explained how informed decisions can help attendees to get more out of them. Last but not least, the module will introduce the customer’s point of view and expectations to the assessment of operations.


The participants will:

-Understand the fundamentals concepts of Risk Based Inspection
-Be able to perform a basic risk analysis
-Know how to prepare an inspection planning
-Be familiar with the probability of failure and consequences of failure methodologies
-Be able to plan material requirements
-Understand the concept of aggregate planning
-Know the importance of quality control
-Understand the basics and technical requirements of e-business,

-Know how to initiate, assess, plan and monitor an innovation process
-Be aware of how to involve end-users in the innovation process
-Have the necessary competences in order to perform vulnerability analysis at their enterprises
-Understand basics of Return on Prevention (RoP) concepts and its usage in risk management

Target Attendees / Participants

This module prepares current master of engineering students

Course Content by Units

-Overview of recent development and trends in the innovation process
-Innovation steps
-Conventional and alternative innovation processes
-Materials management
-Probability of Failure
-Consequence of Failure
-Risk Analysis 
-Inspection Planning Based on Risk Analysis
-Supply chain management
-Production scheduling
-Treshold values and simulation procedure
-Criteria for evaluation of product or technology
-ROP implementation in risk management and safety culture
-ROP methodology
-Vulnerability management
-Vulnerability metrics and KPI
-Vulnerability discovery, Models, Consequences
-Introduction to operations and supply management
-Material requirement planning
-Integrated supply chain
-Forecasting and scheduling

Teaching Methods

This module will be taught through a mix of cases, discussions, lectures, individual assignments, and group projects.


Defined in the courses

For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: B8/F3, generated on September 25, 2021)