European Master and Certification Program
in Risk Engineering and Management

V-R40: KPI
Concepts and Applications of Key Performance Indicators for New Technologies

Course code: 161347
Language of instruction: English
Lecturers: Prof. Dr. Aleksandar S. Jovanovic (Steinbeis EU-VRi GmbH), Dr. Valerio Cozzani (CONPRICI - University of Bologna)
Assessment: Defined in the module

Short description

The course addresses the issue of Key Performance Indicators (KPIs) as used in the safety and risk assessment, in particular for assessing and managing emerging risks linked to New Technologies. Main concepts developed by organizations like OECD, API, HSE/HSL, CCPS or VCI are presented in detail. Application of these and other concepts, as well as the corresponding guidelines, are discussed in the second part of the course, where also the practical aspects of these applications, including tools and practical views from industry on the use of indicators are presented and discussed.

Objectives

Main expected benefits for the participants are:

  • Introduction to the KPI concepts, by their developers
  • Presentation of examples of application (both within and outside the iNTeg-Risk project)
  • Exchange of experiences in using KPIs both within iNTeg-Risk and in other projects/activities

Target Attendees / Participants

The course is dedicated to the wide range of participants, such as:

  • professionals dealing with risk issues on management or operation level
  • individuals with no previous experience in the field of risk management, but willing to extend their knowledge and take up new roles in risk management in their companies
  • Students of Steinbeis Master of Risk Engineering and Management program and similar programs.

Course Content by Units

  • Definition and overview of KPIs
  • Guidelines
  • Examples of application
  • tools and techniques

Teaching Methods

The course includes:

  • introductory note explaining aim and structure of the course, and used methodology as well
  • ex cathedra lecturing illustrated by number of examples
  • review of main topics in the end of each lecturing unit

Literature

  1. David Parmenter 2007, Key Performance Indicators: Developing, Implementing,and Using Winning KPIs, Wiley.
  2. Duval, C., Dien, Y., Voirin, M. (2009). Methodology to build key performance Indicators (KPIs): for industrial or occupational safety? How to build efficient KPIs? In 1st iNTeg-Risk Conference: Dealing with Risks of Tomorrow's Technologies. Stuttgart, Jun. 2-3, 2009. Stuttgart: Steinbeis. ISBN: 978-3-941417-40-3
  3. Friis-Hansen, P. (2011). iNTeg-Risk D1.5.1.1: Package of: Reference solutions for D1: Definition of KPIs for emerging risks for selected industry case studies, including CSR aspects of emerging risks, INTeg-Risk, Stuttgart.
  4. Harold Kerzner (2011). Project Management Metrics, KPIs, and Dashboards: A Guide to Measuring and Monitoring Project Performance, 10, .
  5. Ronald J. Baker (2006). Measure What Matters to Customers: Using Key Predictive Indicators (KPIs), 10.
  6. Stanojevic, P. et al. (2010). On-line monitoring and assessment of emerging risk in conventional industrial plants - possible way to implement integrated risk management approach and KPI's. In: 2nd iNTeg-Risk Conference: New Technologies and Emerging Risks - Dealing with multiple and interconnected emerging risks, Stuttgart: Steinbeis. ISBN: 978-3-938062-33-3
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Contact: via email sti889@risk-technologies.com or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: V-R40:, generated on January 14, 2025)