Australian law makes due diligence essential for engineering projects. This means that as a decision-maker, you can be held responsible if you haven't met the standard of care across all aspects of the project. This course gives you the skills and knowledge to ensure you've done everything in your power to meet that standard.
Over the two days, you'll learn:
- the difference between risk management and due diligence
- tools to educate and influence others
- how to identify the requirements of work health and safety legislation.
You'll learn typical risks, explore the reasons why they happen and consider possible solutions.
You'll also receive a copy of the latest edition of 'Engineering Due Diligence' for further details on the concepts and applications of due diligence.
You'll leave with a clear understanding of how you can achieve good governance to manage safety, environmental, legal, and financial issues, and to deliver your project.
- Ensure that risk management is efficient and effective
- Understand the legal duties of directors to demonstrate due diligence
- Know what constitutes due diligence under Australian common law
- Resolve differences between financial, environmental, project and safety due diligence risk paradigms
- Resolve inconsistencies between the Risk Management Standard and due diligence requirements in legislation
- Constructive resolution of the SFAIRP v ALARP debate
- Understand the logical limitations of the Risk Management Standard (ISO 31000)
- Determine which risk management technique(s) you can use when establishing due diligence
- The difference between compliance and due diligence, especially for safety in design
- Know why the use of risk targets is indefensible in court
- Understand why the exclusive use of risk matrices for decision-making is indefensible for high-consequence, low-likelihood events
- Know how to make lawyers useful to engineers for the management of safety and project risk
- Understand the difference between due diligence and legislative and regulatory compliance, especially for safety matters.
- Know how to deal with project schedule and cost overruns
Is this course for you?
This course suits company directors, senior executives, and project directors in any sector. It's also suitable for risk and compliance staff of technology-based organisations.
There are no prerequisites for this course.
Topics we'll cover
The course covers these five core topics:
- Due diligence concepts and history
- Risk paradigms
- Safety due diligence - including safety in design
- Project due diligence
You and the group can then decide which of the following topics most interest you:
- Operations due diligence
- Sustainability due diligence
- Due diligence in enterprise risk management
- Generative techniques
- Top-down techniques
- Modelling techniques
- When not to use bottom-up techniques
- Due diligence applications with supporting case studies
- Due diligence in SIL allocation
Take this course to build skills and knowledge in the following Engineers Australia Chartered status competencies*:
1. Deal with ethical issues
4. Develop safe and sustainable solutions
6. Identify, assess and manage risks
7. Meet legal and regulatory requirements
*Completing this course does not automatically guarantee you a competency. However, you will gain the base knowledge you need to develop these specific Chartered competencies.
Richard Robinson BE BA MRSV FIEAust is Chairman of R2A Due Diligence Engineers.
Richard is a Fellow of Engineers Australia and an Honorary Fellow of the Australasian Marine Pilots Institute. Richard has degrees in Engineering (Monash University) and Philosophy (University of Melbourne). He is the principal author of Engineering Due Diligence (11th edition 2019) which is used as a text by a number of Australian Universities.
Richard was also a major contributor to the third revision of the Engineers Australia's safety case guideline.