Engineering Due Diligence is a comprehensive guide containing information on the concepts and applications of due diligence, risk and reliability theory.
The 10th edition, which has been updated in 2018, represents the final transition from a text on risk and reliability techniques to a wholly due diligence based text. Keeping it current has became important with the text being used by many Universities.
Over time there has been an increasing emphasis on legal aspects. This was done on a very pragmatic basis. It was always clear that if legal counsel supported the recommendations of the engineers then the CEO and Board, and the Minister and Cabinet were always agreeable. Otherwise the engineers could be accused of exaggeration or worse still, ‘gold plating’.
The concept that was used to achieve this outcome was that of ‘due diligence’. This became the aim with risk and reliability techniques as the tools facilitating the journey. And as the commissions received by R2A became larger, more complex and challenging, the approach was refined as its application broadened.
Engineering due diligence means the reverse engineering of the decisions of our courts. It means aligning the laws of man with the laws of nature, prior to the event with the positive support of lawyers. This requires that the principles and processes the courts use need to be understood and explained in a way that scientists can understand, and vice versa. It makes the philosophical issue of causation (conjunction in time and space) the nexus between the two bailiwicks.
“A must read for those serious in contemporary risk management techniques.”
~ Graham Hawke, Bureau of Meteorology
The text is divided into four parts – Concepts, Tools and Techniques, Domains and Due Diligence Applications and is a perfect bound book.
The text also covers topics including –
- Risk management models
- Top down and bottom up techniques
- Modelling techniques and generative techniques
- Project Due Diligence
- Risk paradigms
The Domain section covers topics such as –
- Hazardous Industry Modelling
- Quantified Risk Assessment (QRA)
- Work Health and Safety (WHS)
- Finance and Market Risk
The last section outlines applications of risk management including:
- Safety Due Diligence
- Due Diligence in Organisational Risk Management
- Project Due Diligence
- Operations Due Diligence
- Sustainability Due Diligence
- Due Diligence SIL Allocation
- Other Case Studies
Purchase the book
$295 including GST, postage and handling in Australia.
International enquires, please .
Please note, a tax invoice will be sent with the publication via mail.