Risk & Liability Management
This two-day course presents how current and emerging risk and reliability tools and techniques can be used to achieve engineering due diligence for organisations and projects. It is based on the very sensible ethical position of the common law, namely, that all reasonable practical precautions are in place based on the balance of the significance of the risk verses the effort required to achieve it.
Target audience
The course attracts the risk advisers for major organisations, regulators, lawyers, general managers as well as responsible project managers. In fact all those who wish to see the current effort directed at risk management become more useful than it has been to date.
Course Outline
Taxpayers and shareholders expect critical assets to work reliably and safely. Boards, Government Ministers and CEOs need to ensure that the precautions put in place to manage threatening, critical issues are effective and appropriate. The reasoning to achieve this outcome should be transparently documented in a way acceptable to shareholders, taxpayers, regulators and the courts, if required.
This was never easy in a complex, technological society like Australia. But in a global recession errors in technological judgment can easily be fatally amplified. In order to address such concerns, engineering due diligence is required.
The course is based on experience although the theoretical basis of the ideas is documented in the provided text, currently in use at 4 Australian universities. The course covers the first two parts of the R2A Text.
Day 1 focuses on risk philosophies including the ideas and implications of the Rudd Government’s model Safe Work Act 2009. Day 2 provides an overview of risk and liability management techniques and explains the strengths and weaknesses of them and when each is most appropriate to use.
This course provides an overview of risk philosophy, existing and emerging risk management techniques, key tools and techniques to identify, manage and minimise technical risk. It explains the strengths and weaknesses of each technique and when the use of each is appropriate.
Course Objectives
At the end of the course participants will be able to:
• Gain an appreciation of what constitutes common (case) law due diligence
• Understand why target levels of risk or safety and supporting QRA cannot survive post event legal scrutiny in Australia
• Explain how to show fiduciary responsibility for technology, especially in essential service organisations
• Understand criticality, risk and reliability concepts in a common law context
• Appreciate the different risk management organisational ‘sign-off’ paradigms
• Apply top down risk management techniques to organisational and project risk issues
• Understand the strengths and limitations of bottom up techniques like FMECA and HazOp
This two-day course presents how current and emerging risk and reliability tools and techniques can be used to achieve engineering due diligence for organisations and projects. It is based on the very sensible ethical position of the common law, namely, that all reasonable practical precautions are in place based on the balance of the significance of the risk verses the effort required to achieve it.
Target audience
The course attracts the risk advisers for major organisations, regulators, lawyers, general managers as well as responsible project managers. In fact all those who wish to see the current effort directed at risk management become more useful than it has been to date.
Course Outline
Taxpayers and shareholders expect critical assets to work reliably and safely. Boards, Government Ministers and CEOs need to ensure that the precautions put in place to manage threatening, critical issues are effective and appropriate. The reasoning to achieve this outcome should be transparently documented in a way acceptable to shareholders, taxpayers, regulators and the courts, if required.
This was never easy in a complex, technological society like Australia. But in a global recession errors in technological judgment can easily be fatally amplified. In order to address such concerns, engineering due diligence is required.
The course is based on experience although the theoretical basis of the ideas is documented in the provided text, currently in use at 4 Australian universities. The course covers the first two parts of the R2A Text.
Day 1 focuses on risk philosophies including the ideas and implications of the Rudd Government’s model Safe Work Act 2009. Day 2 provides an overview of risk and liability management techniques and explains the strengths and weaknesses of them and when each is most appropriate to use.
This course provides an overview of risk philosophy, existing and emerging risk management techniques, key tools and techniques to identify, manage and minimise technical risk. It explains the strengths and weaknesses of each technique and when the use of each is appropriate.
Course Objectives
At the end of the course participants will be able to:
• Gain an appreciation of what constitutes common (case) law due diligence
• Understand why target levels of risk or safety and supporting QRA cannot survive post event legal scrutiny in Australia
• Explain how to show fiduciary responsibility for technology, especially in essential service organisations
• Understand criticality, risk and reliability concepts in a common law context
• Appreciate the different risk management organisational ‘sign-off’ paradigms
• Apply top down risk management techniques to organisational and project risk issues
• Understand the strengths and limitations of bottom up techniques like FMECA and HazOp