ECE/ENGR 531 Engineering Risk Analysis

General Information

• Organizational Information
• General Course Information
• Course Policies
• Learning objectives by session

Homework Assignments

Other web pages and links

• Project Management Institute website
• Society for Risk Analysis (SRA) website
• Article arguing that cultural and technological progress has stalled because of poor risk management (December 3, 2014)
• An IEEE Spectrum podcast on The Benefits of Risk (December 22, 2011)
• Article titled The 1% Panic (Wall Street Journal, October 13, 2008) about the recent financial crisis.
• Another article about the recent financial crisis, titled Risk Mismanagement (The New York Times, January 2, 2009).
• Article titled Perfect Models, Imperfect World (BusinessWeek, January 12, 2009) about the use of models.
• Another article about the use of models, titled In Plato's cave (The Economist, January 22, 2009).
• Article titled How Positive Thinking Wrecked the Economy (AlterNet, Posted September 26, 2008; Printed February 16, 2009).
• This article (Wired Magazine, March 2009) has an interesting interview with Dan diBartolomeo that is relevant to using rigorous analytical methods in risk management.
• An NPR interview of Howard Friedman and Leslie Martin (March 24, 2011) on their book, The Longevity Project. They find that, contrary to popular belief, "cheerful and optimistic children are actually less likely to live long lives." Why? Lack of risk management!
• An article in the NY Times illustrating the need to consider not just the probability of a risk but also the loss (consequence) (November 8, 2011).
• Article on "Fail often, fail well" (The Economist, April 14, 2011.)
• Does risk management involve negative thinking? See this article titled The Power of Negative Thinking (Wall Street Journal, December 8, 2012).
• Article on IDEO's credo, Fail early and often to succeed sooner (Management Today, 1 August 2005). [Unfortunately, link broken as of 1/27/2011.]
• Article on globally networked risks and how to respond, Nature 497, 51--59 (02 May 2013) doi:10.1038/nature12047.
• Tom Wujec's TED talk on systems thinking.
• A systems way to achieve your goals.
• A research article on Optimization of Risk Measures by Andrzej Ruszczynski and Alexander Shapiro. A more complete treatment is this article by the same authors on Conditional Risk Mappings.
• Systems engineering representation of "Total Eclipse Of The Heart" and "Hey Jude."

Dilbert on Engineers and social skills.

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Please be aware that this web page and its related links may be updated from time to time. Please report any problems to Professor Chong via email:

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Professor Edwin Chong,

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This document was last modified September 09, 2020.