Managing risk and uncertainty

You can’t avoid it, but you can learn how to manage risky decisions and deal with uncertainty. These are aspects that each entrepreneur has to deal with. Several hands-on approaches are developed to increase your resilience in the process.

Bachelor

1ZK40 – Entrepreneurship in action: business development – 10 ECTs – Q2 – Deepening

Entrepreneurship in Action : Ideation offers an introduction to the EntreComp framework, this course focuses on developing competences in all areas of the Entrecomp framework, that is Ideas & Opportunities, Value creation and capturing and Into action: dealing with uncertainty.

JBM145 – Business value and entrepreneurship – 5 ETCs – Q2 – Advanced

This course deals with some of the techniques for modeling and optimizing systems under uncertainty. It aims to increase the capability of analyzing managerial problems under uncertainty which occur, for example, in inventory and production control, telecommunications, maintenance, and insurance. The emphasis is on providing insight in the theory, on formulating an economic situation into a mathematical model and on providing practical examples in which the discussed models can be applied.

Master

1CM15 – Project and process management – 5 ECTs – Q4

In this course, we deal with a variety of non-repetitive processes, ranging from quite predictable one-of-a-kind engineer to order projects, to incremental product innovation projects and high innovative product innovation projects. Uncertainty may exist at various levels. First it may be uncertain what processes need to be carried out to complete the project. Second it may be uncertain whether a given process leads to a certain desired outcome. Third, it may be uncertain how much resource and time is needed to perform the process.