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Before choosing courseHM2004 Practical Statistics 7.5 creditsAdministrate About course

A block in the degree of master course Project Management and Operational Development

Course offering missing for current semester as well as for previous and coming semesters
* Retrieved from Course syllabus HM2004 (Autumn 2010–)

Content and learning outcomes

Course contents

The largest part is learning how to use Stochastic Simulation for risk analysis and predictions. The risk methods like Fault Tree, Failure Mode Effect Analysis are taught as well as Two-level multi-factor Design of Experiments using statistical methods and an orthogonal matrix.

A vital part of the content is the translation of collected data into the possible statistical distribution to be used in the stochastic simulation.

Intended learning outcomes

The aim is to give the participants the ability to use statistics and related areas in an advanced form for predictions and risk analysis as input for decisions.

The participant is expected after the study course to be able to:

  • Select proper distributions for the stochastic  simulation from available data
  • Make stochastic simulation models using Monte Carlo technique
  • Explain what the simulation result is revealing about risk and opportunity
  • Use the most common qualitative risk analysis methods as a complement to the numerical
  • Make a complete risk analysis using both qualitative and quantitative data
  • Use statistical design of experiments to evaluate multi-factorial dependencies in the risk analysis and the predictions

Write risk analysis reports which also laymen can

Course Disposition

No information inserted

Literature and preparations

Specific prerequisites

Having basic knowledge in Mathematical Statistics and be eligible to the programme TPLVM

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Schuyler, John (2001 or later), Risk and Decision Analysis in Projects, PMI

Handouts and compendium in Monte Carlo technique

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

A, B, C, D, E, FX, F

Examination

  • TEN1 - Examination, 3,0 hp, betygsskala: A, B, C, D, E, FX, F
  • ÖVN1 - Group Tasks, 4,5 hp, betygsskala: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

TEN1 – Written examination 3 ECTS credits (A – E, Fx and F)

ÖVN1 – Group Assignments 4,5 ECTS credits (P, F)

Both TEN1 and ÖVN1 must be finished and closed to get the final grade which is dependant on the quality of both assignments and the written examination.

Other requirements for final grade

Group tasks as computer-based problem solving using Excel and @RISK. 4,5 cr.
Written examination 3 cr.
Marks:
A-F in accordance with the ordinary system of KTH

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Profile picture Håkan Carlqvist

Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web HM2004

Offered by

ITM/Sustainable Production Development

Main field of study

Mathematics

Education cycle

Second cycle

Add-on studies

No information inserted

Supplementary information

Literature will be changed