European Master and Certification Program
in Risk Engineering and Management

Emerging Risks

Course code: 136488 (SEM)
Language of instruction: English
Duration of the course: 5 days (45h)
Lecturers: Prof. Dr. Aleksandar S. Jovanovic (Steinbeis Advanced Risk Technologies GmbH), Prof. Dr. rer. pol. Dr. h.c. Ortwin Renn (Universit├Ąt Stuttgart (ZIRIUS))
Assessment: Written Exam, Transfer Paper, [optional topic for Project Study Paper]

Short description

The course introduces and transfers knowledge on emerging risks and management of emerging risks. The risks considered as "emerging" are primarily the risks previously not recognized as such, e.g. the risks due to new processes, new technologies, new ways of working or risks due to social or organizational changes (the risks linked to nanotechnologies, bio-technology, new chemicals, outsourcing, globalization are practical examples tackled within the course). The risks due to the change in public perception or new scientific knowledge are considered as well.


The main objective of the course is to introduce the concept of "emerging risks" and explain to the students the issues of early recognition, classification and monitoring of emerging risks. Further the course will present frameworks, procedure and factors of emerging risks. Particular attention will be paid to the methodology to deal with these risks. The methodology, as expected, requires new methods and tools. These methods and tools will be elaborated during the course, concentrating in particular onto indicators and modern IT tools, including the application of data mining and web semantics.

Many interesting examples as well as results from the current EU and other research projects will be highlighted and explained in detail to the course participants.

Target Attendees / Participants

This course is dedicated to the professionals with or without previous experience in the field of risk engineering and management and to the students of the different study programs tackling in general the issues of risk. The structure of the courses units, methodology of leading the course will allow even to the beginners in this field to understand and adopt main topics.

The participants of the course will particularly benefit from lecturing done by experts actually leading or participating in the most important research and development projects in EU dedicated to the emerging risks.

Course Content by Units

The course will cover the following units:

Unit 1:

Definitions, requirements and terminology.

45 min
Unit 2:

Frameworks for emerging risks

75 min
Unit 3:

Procedure (10 steps) and factors of emerging risks

75 min
Unit 4:

Methods and tool

Unit 5:

Application example

75 min
Unit 6:

Review of main course issues, preparation for the exam and the example

180 min

Teaching Methods

  • lecturing
  • practical exercises
  • hands-on examples on iNTeg-Risk tools


  1. iNTeg-Risk project
  2. IRGC (2009). International Risk Governance Council (2008), An introduction to the IRGC Risk Governance Framework, International Risk Governance Council (IRGC), Geneva.

  3. OECD (2003). Emerging risks in the 21st century, OECD Publishing, Paris, France.
  4. [61] OECD (2011). OECD Reviews of Risk Management Policies - Future Global Shocks: Improving Risk Governance, OECD Publishing, France, ISBN: 97894095205

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: IVA-R17, generated on September 24, 2021)