European Master and Certification Program
in Risk Engineering and Management


Course code: 136471
Language of instruction: English
Duration of the course: 33 days (297h)
Lecturers: Lic.Tech Pertti Auerkari (VTT Technical Research Centre of Finland), Prof. Dr. Aleksandar S. Jovanovic (Steinbeis Advanced Risk Technologies GmbH)
Assessment: Written Exam Transfer Paper [optional topic for Project Study Paper]
Credit points: 10 CPs

Short description

This optional compulsory module presents current global and regional issues in petrochemical industries and explains principles of risk based inspection. It deals with existing risk-based approaches and gives links to applied codes and standards. Reliability Centered Maintenance (RCM) and Root Cause Failure Analysis (RCFA) are methodologies used for the logical decision-making process of analysis and definition of the equipment maintenance requirements, as well as for accident prevention. Practical examples with the state-of-art tools are applied by the student in terms of self-study and independent work.


In the end of the module the participants are expected to:

  • get familiar with risk aspects and methods for hazard identification applied in petrochemical industries
  • learn how to perform probability and consequences analysis and risk assessment
  • recognize what are the health, safety and environment issues related to petrochemical industries
  • know why RBI analysis is used and what are benefits and limitations of various RBI technologies
  • make the difference between qualitative and quantitative approaches to RBI methods
  • be aware of the future industry trends in RBI
  • Understand and be able to apply different maintenance strategies
  • differentiate a trendable from a non-trendable damage mechanisms
  • have a critical point of view on how reliable NDT techniques are and what are influencing factors

Target Attendees / Participants

University students of Steinbeis European Master Program in Risk Engineering and Management, and similar programs.

Course Content by Units

Risks aspects in petrochemical industry
Brief introduction to "Risk"
Hazard identification in petrochemical industry
Probability Analysis
Application of Fault Tree Analysis
The assessment of consequences of accidents
Assessment of risk
Health, safety, environment issues
Risk, sources of risk, risk identification, risk perception
Introduction to the qualitative assessment approach
API 581 Qualitative approach
Modeling of consequences and Release modeling
Likelihood assessment –statistical and API581 approach
Inspections and inspection effectiveness
Risk Based Inspection planning and inspection results evaluation
Application of the results of RBI analysis on decision-making
Maintenance Strategies and Risk-Based approaches
General damage mechanisms – all industries
Refining industry damage mechanisms
Damage mechanisms in high temperature components
Overview of NDT Reliability data analysis
RCM and RC(F)A approaches

Teaching Methods

The module includes:

  • introductory note explaining aim and structure of the course, used teaching methodology as well
  • ex cathedra lecturing illustrated by number of examples
  • workshop allowing students to understand a problem and its solution
  • case study
  • presentation of specific software tools and individual exercises using these tools


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: XIII-A, generated on September 24, 2021)