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

Powerline Bushfire Safety Committee

Gaye FrancisRisk Management Consulting

Gaye recently attended the second meeting of the Powerline Bushfire Safety Committee (PBSC) at Energy Safe Victoria (ESV). As set out in the Committee Charter, the purpose of the PBSC is to provide the Director of Energy Safety (DoES) with comprehensive expert advice to support ESV in its administration of the Electricity Safety (Bushfire Mitigation) Amendment Regulations 2016 (the regulations) … Read More

Risk Management Standard Squabble

Gaye FrancisRisk Management Consulting

An interesting article in the European Commercial Risk Europe discusses the squabble between the use of ISO 31000 and the COSO ERM Cube shown below. COSO ERM Cube Essentially the point being made is that the failure to adopt a single approach creates confusion and loss of traction in the market place. From R2A’s perspective, this confusion was inevitable. The … Read More

Event Invitation – 2013 Overview and Book Launch

Gaye FrancisRisk Management Consulting

We are very pleased to announce that after 15 years the R2A text is now in it's 9th edition. New chapters include the R2A Operations Due Diligence model as well as significant updates to the Work Health and Safety chapter and the Quantified Risk Assessment chapter.

Save the Date

To kick off 2013 and to celebrate the 9th edition text launch, R2A will be hosting a private event in Melbourne on Thursday, 7 February 2013 from 3pm to 5pm at Pop Restaurant (Upstairs), 68 Hardware Lane, Melbourne.

2012 The Year in Review

Gaye FrancisRisk Management Consulting

It’s hard to believe that another year is coming to a close. As part of our end of year wrap up, here are some highlights that we would like to share with you.

In May, we welcomed Dr Peter Hurley as a Consulting Engineer to our team and would like to thank Peter for his contribution in 2012 and in particular his work on the Enterprise Due Diligence Review for Energy Safe Victoria and the 9th edition of the R2A text.  

We were also privileged to work with many clients throughout the year. Here are some interesting projects completed in 2012.

Interesting Projects

Security of supply of the Victorian Transmission System (VTS) – A review with particular regard to the economic benefits to existing and long-term customers of the proposed Western Outer Ring Main (WORM) Project.

Expert Witness

Gaye FrancisRisk Management Consulting

At R2A, we are called upon from time to time to give expert witness statements.  Recently, Richard was an expert witness for the Harbour Master at Marlborough District Council (New Zealand). Richard was asked to provide evidence to the Board of Enquiry appointed under the Resource Management Act 1991 to consider The New Zealand King Salmon Co. Limited private plan … Read More