European Master and Certification Program
in Risk Engineering and Management

IVB
Business sustainability

Course code: 136483 (MOD)
Language of instruction: English
Duration of the course: 10 days (90h)
Lecturers: Ph.D. Reto Schneider (SWICA Gesundheitsorganisation), Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Leo Breedveld (2B Srl)
Assessment: Written Exam Transfer Paper [optional topic for Project Study Paper]
Credit points: 5 CPs

Short description

The modules 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 module gives the participants opportunity to improve the knowledge about the Life Cycle Assessment (LCA) and to gain the skills to perform simplified LCA studies and to analyze, discuss and comment international scientific articles on LCA. The course will provide a comprehensive overview of the Life Cycle Assessment (LCA), Life Cycle Costing (LCC), International Reference Life Cycle Data System (ILCD) and European Reference Life Cycle Data System (ELCD). The focus will be on practical examples of applying LCA in industry and improving the environmental performance and sustainability of products and services.

Objectives

3.1 Knowledge

The course will explain possible contribution of technical risks in the industrial plants in/for the business continuity. 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 course will highlight the details of
  • LCA methodology and application
  • the techniques and the tools needed for the LCA analysis
  • standards ISO 14040 and ISO 14044 and international development.

During the course many examples will be elaborated, including the ones related to the emerging risks and, furthermore, participants will develop their own examples using standard LCA software.In the end of the course the students are expected to:

  • have basic knowledge about LCA methodology and application
  • know the link between LCA and HSE
  • be familiar with the most important concepts and terminology used in LCA
  • have skill to perform simplified LCA using some of most commonly used software tools.

3.2. Skills

Use of tool for LCA and risk management.

3.3. Competences

Competences needed to work in industry on LCA analysis and in insurance on risk management will be acquired by the participants.

Course Content by Units

Business continuity
Unit 1: Introduction, fundamentals of corporate finance

    Unit 2: Intro - quantitative risk management
      Unit 3: Modeling and estimating of risk: Insurance vs. financial hedging
        Unit 4: Financial hedging of commodity and currency risk
          Unit 5: Additional issues

          LCA:

          Unit 1: Introduction to industrial safety issues

          Unit 2 Life cycle assessment (LCA) - Introduction and theory

          Unit 3: Practical example

          Unit 4: Practical LCA assessment

          Unit 5: LCA application and wrap-up

          Unit 6: Individual LCA exercises

          Unit 7: Review and exam

          Final discussion and closing the courses

          Teaching Methods



          The course includes:

          • introductory note explaining aim and structure of the course, and used methodology as well
          • ex cathedra lecturing following the defined units
          • number of computational examples for each unit
          • one case study from an insurance company
          • one individual and several collective exercises
          • preparation for final exam by repetition of all course units and main issues
          • final exam


          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
          • step by step introduction of the software commonly used for LCA
          • case study using LCA software
          • individual exercises using LCA software
          • review of main topics in the end of each lecturing unit
          • preparation for exam by repetition of all course units and main issues
          • exam

          Literature

          Textbook:

          1. Business continuity risks & Insurance
          2. Transparencies:
            Unit 1: Introduction, fundamentals of corporate finance
            Unit 2: Intro - quantitative risk management
            Unit 3: Modeling and estimating of risk: Insurance vs. financial hedging
            Unit 4: Financial hedging of commodity and currency risk
            Unit 5: Additional issue -
          3. Certification material


          1. Textbook:
            HSE and LCA
          2. Transparencies
            IPPC Directive
            LCA
          3. Certification material
          4. Additional material
            • The role of LCA in the context of IPPC (JIE)
            • Introduction to LCA with SIMAPRO 7


          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 sti889@risk-technologies.com or phone +49 711 1839 781 or +49 711 1839 647
          (Course profile ID: IVB, generated on November 19, 2018)