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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

Unit information in detail

– Aims, unit learning outcomes and content

Aims

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

Unit Learning Outcomes

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. Recognize 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

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