European Master and Certification Program
in Risk Engineering and Management

Business Continuity & Project Risk

Course code: 181369
Language of instruction: English
Duration of the course: 33 days (297h)
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Prof. Dr.-Ing. Karl Maile (Steinbeis Advanved Risk Technologies GmbH)
Assessment: Written Exam Transfer Paper [optional topic for Project Study Paper]
Credit points: 10 CPs

Short description

The aim of the module is to understand and also to implement the basic concepts, methods, products and measurement techniques of financial risk. Practical examples with the state-of-the-art tools are applied by the student in terms of self-study and independent work. It complements other courses devoted to technical and engineering issues of risk management in industrial plants (petrochemical plants, process industry, power plants, etc.). Technical risks in the above plants can be a cause or a contributing factor in/for the business continuity and the final outcome of the technical/engineering activities is practically always to be seen on the background of business implications and implications/impacts to the business activities of a company. The insurance aspects are the most relevant practical aspect linking the engineering and business side of the company operation and asset management: therefore these will be tackled, too.


The participants are expected to:

-deepen their project management knowledge
-be aware of the financial processes and risks within the overall project management process
-be familiar with project cost management methods and tools
-be able to apply these tools to a real/case study project
-be able to interpret the results and take sound decisions
-be familiar with the different financial products
-understand the contribution of technical risks in the industrial plants in/for the business continuity

Target Attendees / Participants

Students of Steinbeis Master of Risk Engineering and Management program and similar programs.

Course Content by Units

Project Integration Management
Project Scope Management
Project Time Management
Project Cost Management
Project Quality Management
Project Human Resource Management
Project Communications Management
Project Risk Management
Project Procurement Management
Project Stakeholder Management
Scenario Analysis
Simulation techniques
Case: Asset Liability Management
Fundamentals of corporate finance
Quantitative risk management
Modeling and estimating of risk: Insurance vs. financial hedging
Financial hedging of commodity and currency risk
Monitoring and controlling risks
Risk Management Planning

Teaching Methods

The module includes:

  • Introductory note explaining aim and structure of the course, and used methodology as well
  • ex cathedra lecturing illustrated by number of examples
  • Case Study
  • Training for the PMP exam
  • Review of main topics in the end of each lecturing unit
  • Individual and collective exercises
  • Guided application of learned concepts through state-of-art 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-F, generated on September 24, 2021)