R2A Blog

June 22, 2019
What are the Unintended Consequences of Due Diligence?

In my article Why Risk changed to Due Diligence & Why it’s become so Important, I briefly described the principle of; do unto others, otherwise known as the Principle of Reciprocity, and how Governments in Australia have incorporated the concept in legislation in the form of due diligence. With this in mind, it’s important to […]

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June 22, 2019
Why Risk changed to Due Diligence & Why it’s become so Important

At our April launch of the 11th Edition of Engineering Due Diligence textbook, I discussed how the service of Risk Reviews has changed to Due Diligence and why it’s become so important for Australian organisations. But to start, I need to go back to 1996. The R2A team and I were conducting risk reviews on […]

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March 14, 2019
Worse Case Scenario versus Risk & Combustible Cladding on Buildings

Background The start of 2019 has seen much media attention to various incidents resulting from, arguably, negligent decision making. One such incident was the recent high-rise apartment building fire in Melbourne that resulted in hundreds of residents evacuated. The fire is believed to have started due to a discarded cigarette on a balcony and quickly […]

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December 12, 2018
Why your team has a duty of care to show they've been duly diligent

In October and November (2018), I presented due diligence concepts at four conferences: The Chemeca Conference in Queenstown, the ISPO (International Standard for maritime Pilot Organizations) conference in Brisbane, the Australian Airports Association conference in Brisbane (with Phil Shaw of Avisure) and the NZ Maritime Pilots conference in Wellington. The last had the greatest representation […]

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October 10, 2018
What you can learn about Organisational Risk Culture from the CBA Prudential Inquiry

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 […]

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August 15, 2018
Managing Critical Risk Issues: Synthesising Liability Management with the Risk Management Standard

The importance of organisations managing critical risk issues has been highlighted recently with the opening hearings of the coronial inquest into the 2016 Dreamworld Thunder River Rapids ride tragedy that killed four people. In a volatile world, boards and management fret that some critical risk issues are neither identified nor managed effectively, creating organisational disharmony […]

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August 1, 2018
Energy Safety Report Released

The Release of the Final Report and Government Response - Review of Victoria's Electricity and Gas Network Safety Framework has occurred and is available at https://engage.vic.gov.au/electricity-network-safety-review. R2A is quoted a number of times in the report. Two of the key recommendations, supported in principle by the government, are: 34   All energy safety legislation should […]

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June 5, 2018
Australian Standard 2885, Pipeline Safety & Recognised Good Practice

Australian guidance for gas and liquid petroleum pipeline design guidance comes, to a large extent, from Australian Standard 2885. Amongst other things AS2885 Pipelines – Gas and liquid petroleum sets out a method for ensuring these pipelines are designed to be safe. Like many technical standards, AS2885 provides extensive and detailed instruction on its subject […]

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June 5, 2018
Risk Engineering Body of Knowledge

Engineers Australia with the support of the Risk Engineering Society have embarked on a project to develop a Risk Engineering Book of Knowledge (REBoK). Register to join the community. The first REBoK session, delivered by Warren Black, considered the domain of risk and risk engineering in the context risk management generally. It described the commonly […]

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May 15, 2018
Rights vs Responsibilities in Due Diligence

A recent conversation with a consultant to a large law firm described the current legal trend in Melbourne, notably that rights had become more important than responsibilities.

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