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This lecture introduces the integrated risk management, the role of engineers in managing risks, and the types of risks. It covers the history of risk management in engineering, the course content, and the organization. The instructor provides insights into risk analysis, estimation, and mitigation, as well as crisis management. The lecture also discusses the methods of risk analysis and estimation, risk assessment, and comprehensive risk management. Educational goals include understanding risk management issues, different analysis methods, and applying them to simple cases. The course includes exercise sessions and weekly PowerPoint presentations.