What you can learn about Organisational Risk Culture from the CBA Prudential Inquiry

Gaye FrancisCritical Risk Issues, Risk Culture, Risk Management, Risk Management Consulting, Risk Management Framework

R2A was recently commissioned to complete a desktop risk documentation review in the context of the CBA Prudential Inquiry of 2018. The review has provided a framework for boards across all sectors to consider the strength of their risk culture. This has been bolstered by the revelations from The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services … Read More

Implications of the model WHS legislation post the Royal Commission into the Home Insulation Program

Gaye FrancisRisk Management Framework

The consequences of the WHS legislation on electrical safety is quite startling, but not yet realised.  The legislation requires that risks to health and safety should be eliminated, so far as is reasonably practicable. 

For instance, a bane of electrical regulators is the home handyman working in a roof space and fiddling with the 240V conductors.  The deaths arising from the home insulation Royal Commission also spring to mind.

WHS Disproportionality

Gaye FrancisRisk Management Framework

The precautionary approach required by the model WHS act forbids, on pain of criminal imprisonment, the exclusive use of target levels of risk (tolerable or acceptable) as a method of establishing whether a situation or circumstance is safe.

Amongst other concerns, this is problematic for those involved in SIL allocation under IEC 61508.  The usual comment is; how else can it be done?  Actually, it’s quite straight forward. 

Project Due Diligence vs Project Management

Gaye FrancisRisk Management Framework

Risk management is often a key element asked for in large infrastructure development project. Organisations want a robust and transparent system that can be utilised during current and future development phases of a project to inform decision-making and guide levels of investment in various project investigations.

In setting up a risk management framework for a project it is essential that it take account of all risks to Project including technical, environmental, economic, stakeholder, political delivery and on-going operational considerations.  This must be done in the context of the current operations.

The risk management framework and system must be set up so that the Organisation has confidence in the process and results, ownership of the outcomes and can maintain and utilise the system going forward.  It must be set up to ensure that the project is right the first time.

To ensure the Project is successful in terms of both delivery and ultimate project performance, R2A have developed a project due diligence methodology.

Engineering Implications of the Harmonised Safety Legislation

Richard RobinsonRisk Management Framework

Questions & Answers

Reader response regarding Richard's article – 'Engineering Implications of the Harmonised Safety Legislation'

This is a response that Richard received following the publication of an article in Engineering Media. Read the article here.

Hi Richard

Safety assurance is one of the 3 key elements of technical integrity (the other elements being fitness-for-service and environmental compliance), and as such risk assessments are a fundamental and important part of our engineering activities.