Risk Management 2
2012-2013 - IMT4772 - 5sp

Forventet læringsutbytte

The course contributes towards the following learning outcomes:


  • Possesses advanced knowledge within the area covered by the Master Programme.
  • Possesses specialized insight and good understanding of the research frontier in a selected part of the topic covered by the Master Programme.


  • Is able to analyze existing theories, methods and interpretations and to challenge established knowledge and practice in the media technology area.
  • Is able to use relevant and suitable methods when carrying out research and development activities in the area of media technologyF4: Is able to critically review relevant literature when solving new or complex problems and is able to integrate the findings into the proposed solution.
  • Is able to plan and complete an independent and limited research or development project with guidance and in adherence to research ethics.

Having completed the course, the students should have:

  • advanced level of understanding of assumptions and models on which risk analysis methods are based .
  • deep understanding of how different assumptions/models influence outcomes of different risk analysis methods.

Emnets temaer

  • Classifications of Risk Management methods
  • Examples of Risk Management Methods.
  • Decission theory
  • Risk, Threat and vulnerability discovery
  • Uncertainty
  • Game theory

Pedagogiske metoder


Pedagogiske metoder (fritekst)

The course will be made accessible for both campus and remote students. Every student is free to choose the pedagogic arrangement form that is best fitted for her/his own requirement. The lectures in the course will be given on campus and are open for both categories of students. All the lectures will also be available on Internet through GUC’s learning management system (ClassFronter).




  • Written exam 3 hours (alternatively oral exam): 51%
  • Projects: 49%.
  • Both parts must be passed.

To ensure fairness, course deliverable grading will depend on deliverable quantity, quality and the number of contributing students.


Bokstavkarakterer, A (best) - F (ikke bestått)


Evaluated by external and internal examiner.

Utsatt eksamen (tidl. kontinuasjon)

For the written exam: Ordinary re-sit examnination.

Tillatte hjelpemidler (gjelder kun skriftlig eksamen)

Approved calculator

Obligatoriske arbeidskrav



Books, articles and WEB resources such as

RA method classification  

Douglas J. Landoll. The security risk assessment handbook, p. 8-15. CRC. 2005.

Bornman, G, and Labuschagne, L, 2004, A comparative framework for evaluating information security risk management methods, In proceedings of the Information Security South Africa Conference. 2004, www.infosecsa.co.za

Vorster, A. and Labuschagne, L. 2005. A framework for comparing different information security risk analysis methodologies. In Proceedings of the 2005 Annual Research Conference of the South African institute of Computer Scientists and information Technologists on IT Research in Developing Countries (White River, South Africa, September 20 - 22, 2005). ACM International Conference Proceeding Series, vol. 150. South African Institute for Computer Scientists and Information Technologists, 95-103.

ENISA. Inventory of risk assessment and risk management methods. Deliverable 1, Final version Version 1.0, 0/03/2006

Campbell and Stamp. A classification scheme for Risk Assessment Methods. Sandia Report. SAND2004-4233.

RA method examples  

IDART (http://www.idart.sandia.gov/method.html)

NIST SP 800-42, p3.1 - 3.21, 4.1- 4.3, C.1-C.9

NIST SP 800-30. p8-27

OECD, “OECD Guidelines for the Security of Information Systems and Networks -- Towards a Culture of Security.” Paris: OECD. July 2002. www.oecd.org. P 10-12

ISO/IEC 27005:2008(E) Information technology - Security techniqueues - Information security risk management

Decision theory  

Sven Ove Hansson. Decision Theory - A brief introduction. 2005



Sven Ove Hansson. Fallacies of Risk

Risk Threat and Vulnerability discovery  

ISO 27005, Annex C,D

Ed Yourdon. Just enough Structured Analysis. Chapter 9, Dataflow diagrams. + 'How to'.

The vulnerability assessment and mitigation methodology. Chapter 1-4, p. 1-36. MITRE technical report..


Lindley, Dennis V. (2006-09-11). Understanding Uncertainty. Wiley-Interscience. ISBN 978-0470043837

H. Campbell. Risk assessment: subjective or objective? Engineering science and education journal, 7:57 -63, 1998.

F. Redmill. Risk analysis-a subjective process? Engineering Management Journal. Apr 2002. Volume: 12, Issue: 2. p. 91-96

Game theory  

Stanford Encyclopedia of Philosophy . Game theory. Available from http://plato.stanford.edu/entries/game-theory/

Fudenberg, Drew & Tirole, Jean (1991), Game theory, MIT Press, ISBN 978-0-262-06141-4 , Chapters 1,3,6,8



Supplerende opplysninger

There is room for 50 students for the course.