European Master and Certification Program
in Risk Engineering and Management

Quantitative Risk Assessment

Course code: 161339
Language of instruction: English
Duration of the course: 17 days (153h)
Lecturers: Assessor des Lehramtes Joachim Freek (DEKRA Akademie GmbH), Prof. Dr. Aleksandar S. Jovanovic (Steinbeis Advanced Risk Technologies GmbH)
Assessment: Transfer Paper [optional topic for Project Study Paper]
Credit points: 5 CPs

Short description

The module presents an introduction to Quantitative Risk Analysis, thus illustrating the necessary steps for the calculation of risk indexes. Practical approach to frequency calculation and consequence assessment, including vulnerability models, is discussed. A specific focus on domino effect and accidents triggered by Natural-Technological (Na-Tech) events is presented. In the second part the aim is the introduction to transportation risk analysis. The risk assessment of road, rail and pipeline transportation of hazardous substances is illustrated. The approaches to frequency calculation, consequences assessment and risk assessment is discussed. Case-studies are analyzed to illustrate the calculation and the use of individual, societal and other advanced risk indexes.


The goal of the module is to give an introduction to Quantitative Risk Assessment and to transportation risk assessment. At the end of the courses the students are expected to:

-be able to integrate external factors to their risk analysis
-master the basics of the methodologies for chemical process risk analysis
-know the methods meant to evaluate domino effects
-be familiar with the Na-Tech analysis methodology
-be able to perform a numerical calculation of risk indexes
-Know how to undertake a transportation risk assessment study and interpret the results of such studies.


Target Attendees / Participants

  • Students of mater courses in Process engineering, Industrial engineering, Risk engineering or similar courses

Course Content by Units

Definitions and risk metric

Basic elements for risk calculation: scenario selection, frequency and consequence assessment

Risk calculation

Quantitative assessment of domino effect

Assessment of the industrial risk induced by natural events (Na-Tech)

Case-studies and use of risk results

Hazards in the land transportation of hazardous substances

Risk for the environment and tunnel fires

Cost benefits Analysis of passive protections

Frequency calculation: accident statistics, failure data

Teaching Methods

Ex-cathedra lecturing.

Use of a case-study for practical demonstration.

Use of software tools for numerical calculations and mapping.


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: X, generated on September 24, 2021)