Evaluating risk can feel difficult without the proper statistical techniques in your toolbelt. To give yourself that foundation, you will need to understand both the concepts and the tools involved in the process.

In this course, you will walk through the process of risk assessment using several statistical techniques. You will begin by learning to monitor and analyze variations to ensure product or service quality. You will then practice evaluating risk using discrete distributions and summarizing findings using common statistical techniques for risk analysis, including skewness and distributions such as log-normal distributions. You will also gain familiarity with critical functions and concepts in risk analysis, including power law functions and distributions, semi-variance, volatility and beta, and value at risk (VaR), a financial metric used to assess potential asset or portfolio losses. Finally, you will examine design methodologies geared toward improving product reliability, including design for reliability, design for Six Sigma, and quality control. By the end of this course, you will be well-equipped to analyze and evaluate risk using numerous statistical methods.

You are required to have completed the following course or have equivalent experience before taking this course:

  • Risk Analysis Foundations
 

How It Works

Course Length
3 weeks

Effort
8 to 10 hours of study per week

Format
100% online, instructor-led
  • Risk managers and analysts
  • Finance and insurance professionals
  • Project managers
  • Supply chain managers
  • Computer and information security engineers
  • Software developers
  • Engineers
  • Executives
  • Professionals across industries interested in understanding risk management
Get It Done 100% Online
Our programs are expressly designed to fit the lives of busy professionals like you.

Learn From cornell's Top Minds
Courses are personally developed by faculty experts to help you gain today's most in-demand skills.

Power Your career
Cornell's internationally recognized standard of excellence can set you apart.

Request Information Now by completing the form below.

Act today—courses are filling fast.