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Risk management in Power Engineering

Course: Risk management in Power Engineering

Code: 3ФЕИТ04011

ECTS points: 6 ECTS

Number of classes per week: 3+0+0+3

Lecturer: Asst. Prof. Dr. Nevenka Kiteva Rogleva

Course Goals (acquired competencies): This module will enable students to understand, analyze and manage risks in technical projects.  In particular the module emphasis on planning and applying appropriate qualitative and quantitative techniques for risk analysis  and development of a comprehensive project plan, including a supporting cost control plan and a risk management plan in order to increase power plant availability and security.

Course Syllabus: Introduction to risk management. Risk resources and risk types. Risk management phases. Identify, assess and manage project risks. Qualitative and quantitative techniques for risk analysis. Event and failure tree analysis, Bayesian networks and Markov chain. Plan and evaluate capitaland revenue expenditure as well as monitor and control the project budget.Develop the strategy plan for risk mitigation. Power plants availability and security.

Literature:

Required Literature

No.

Author

Title

Publisher

Year

1

George Anders  Alfredo Vaccaro

Innovations in Power Systems Reliability

Springer-Verlag London

2011

2

Wenyuan Li

Risk Assessment of Power Systems: Models, Methods, and Applications, 2nd Edition

IEEE Pres, Wiley

2014

Additional Literature

No.

Author

Title

Publisher

Year

1

Allan, R.N., Billinton

Reliability Evaluation of Power Systems

Springer

1996