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Swinburne University of Technology Sarawak Campus

Introduction to Risk and Due Diligence

RSK80004 12.5 Credit Points
Duration
One Semester or equivalent
Contact hours
48 Hours

Prerequisites

PG Civil, Construction Management: Nil.
UG Civil/Engineering: 250 credit points 

Corequisites
Nil

Aims and learning outcomes

To provide students with a broad understanding of risk management and due diligence, including basic concepts and the suite of available techniques. 

Students who successfully complete this unit should be able to:

  1. Describe fundamental risk and reliability concepts;
  2. Apply the safety, economic and legal drivers of risk management requirements;
  3. Recognise the liability and due diligence implications related to quantified risk management techniques;
  4. Apply risk modelling and generative information gathering techniques;
  5. Generate safety cases demonstrating due diligence and limiting legal liability; and
  6. Apply both top-down and bottom-up risk management techniques

Unit information in detail

– Learning and teaching structures, content, assessment and general skill outcomes.

Learning and teaching structures

Activity Total Hours Hours per Week Teaching Period Weeks
Problem Solving 150 Hours 12.5 hours Week 1 to 12

Content

  • Risk Management Concepts
  • Risk Paradigms
  • Risk Management Models
  • Liability
  • Causation and Complexity
  • Risk Criteria
  • Top-down and bottom-up Techniques
  • Ranking and modelling Techniques/methods
  • Generative Techniques
  • Risk & Reliability Maths
  • Corporate Governance
  • OH&S/WHS
  • Process Industry/Construction/Civil/Infrastructure Industry
  • Finance & Market Risk
  • Safety Case Arguments
  • Project Due Diligence
  • SIL Allocation
  • Availability Profiling

Assessment

Tasks and Details Individual or Group Weighting Assesses attainment
of these ULOs
Package
(x 11 Worksheets)
Individual & Group 30%  1,2,3,4,5,6,7,8
Package
(x 11 Presentations)
Individual & Group 10%  1,2,3,4,5,6,7,8
Package
(x 11 Reflection Journal)
Individual 10%  1,2,3,4,5,6,7,8
Examination (Open Book)  Individual 50% 1,2,3,4,5,6,7,8

Minimum requirements to pass this Unit

As the minimum requirements of assessment to pass a unit and meet all Unit Learning Outcomes to a minimum standard, a student must achieve:

  1. an aggregate mark of 50% or more, and
  2. obtain at least 40% in the final exam (if applicable)

Students who do not successfully achieve hurdle requirement (ii) will receive a maximum of 44% as the total mark for the unit and will not be eligible for a conceded pass.

General skill outcomes

During this unit, students will receive feedback on the following key generic skills:

  • teamwork skills
  • analysis skills
  • problem solving skills
  • communications skills
  • ability to tackle unfamiliar problems
  • ability to work independently

Study resources

– Resources and reference material.

Resources and reference material

Richard M Robinson, Gaye Francis Tim Procter et al. (2015, reprinted 2016) Engineering Due Diligence. R2A Pty Ltd.

Also, lectures/ learning materials will be available on the Blackboard website for this unit.