Business Risk Management

Course #GB4460

Est.imated Completion Time: 3 months


Addresses the risk management issues that are inherent in business decisions. Students will learn to manage Schedule Risk, Supply Risk, Capacity (Readiness) Risk and Budget Risk; how to use metrics such as Value-At-Risk and Conditional Value-At-Risk to quantify exposure; how to combine risk sources; account for correlation, and use Bayesian Updating to modify risk estimates.  Monte Carlo Simulation will be used extensively, and will be contrasted with other approaches (e.g., Discounted Cash Flow). Descriptive approaches to the study of risk judgments such as prospect theory will be examined, so that students can better predict risk-related behavior of others.


  • GB3040
  • MN3442
Offerings database access
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Application Deadlines

  •  08 Jan 2024

    Spring Quarter applications due

  •  01 Apr 2024

    Summer Quarter applications due

  •  08 Jul 2024

    Fall Quarter applications due

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Academic Calendar

  •  08 Dec 2023

    Last day of classes

  •  12 Dec 2023 – 14 Dec 2023

    Fall Quarter final examinations

  •  15 Dec 2023

    Fall Quarter graduation

See NPS Academic Calendar for more dates.