Study module

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CS30A1461 Risk Management in Industrial Company, 6 cr 
Code CS30A1461  Validity 01.08.2016 -
Name Risk Management in Industrial Company  Abbreviation Risk Management 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Engineering Science 

Kalle Elfvengren 

Description by Study Guide

B.Sc. (Tech.) 1-2



Teaching Language 


Teacher(s) in Charge 

Kalle Elfvengren, D.Sc. (Tech.)  Adjunct Professor


After completing the course students will:

  • understand the basics of risk management and risk management methods in corporation
  • be familiar with the standards related to the risk management
  • be able to make risk analysis, and apply the practices and qualitative risk management methods to the corporate risk management projects

Risk management basics, risk management tools, risk types, means and strategies for risk management, Enterprise Risk Management, transportation risks, safety management, risk management in projects, risk management in SMEs, risk assessment techniques, risk management standards

Teaching Methods 

Lectures 10 h, 4th period. Group meetings 6 h, 4th period. Written exercise. Examination. Lectures and self studies (65 h), examination (40 h), exercise work (50 h). Total hours 155 h.

Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

numerical assessment 0 – 5. Examination 80 %, written exercise 20 %.

Course Materials 

Yrityksen riskienhallinta. M. Juvonen, M. Koskensyrjä, L. Kuhanen, V. Ojala, A. Pentti, P. Porvari & T. Talala, 2014 Finva.
Johda riskejä - käytännön opas yrityksen riskienhallintaan. I. Ilmonen, J. Kallio, J. Koskinen & M. Rajamäki. 2016 Finva.
ISO 31000 Risk management. Principles and guidelines, (2011).
ISO/TR 31004:fi: Risk management. Guideance for the implementation of ISO31000, (2014).
SFS-EN 31010 Risk management. Risk assessment techniques (2013).   
Lecture notes and other announced material.

Places for exchange-students? (Yes, number/No) 


Places for Open University Students?(Yes, number/No) 

max 5


Current and upcoming courses
Functions Name Type cr Teacher Timing
  Risk Management in Industrial Company  COURSE  Kalle Elfvengren 
02.03.20 -17.04.20 -

Upcoming exams
Functions Name Type cr Teacher Timing
Register Risk Management in Industrial Company  EXAM  Kalle Elfvengren 
22.04.20wed 16.15-19.15