RISK MANAGEMENT STRATEGIES GUIDE

Engineering Science and Technology Professional Standards Society, Engineers Australia

CONTENTS

Introduction
Developing your risk management plan
Stage 1: Planning
Stage 2: Risk analysis
Stage 3: Policies and procedures
Stage 4: Risk treatment
Stage 5: Documentation
Stage 6: Monitoring and audit

Appendix 1: Risk management strategies
Organisational risk management

Clients
Dependency & influence/size
Ability to pay (solvency)
Relationship – easy/difficult/sophistication/communication/track record

The Brief
Clarity of roles and responsibilities
Expectations, scope of work and deliverables
Procedure for variations and expansion of scope

Competency
Area of expertise
Resources & capacity to deliver
Conflicts of interest

Analysis of Exposure
Design complexity and technical innovation
Risk Allocation/Certification/ Quality Assurance compliance
Contractual liability
Insurances
Statutory compliance — PSS; BCA; OH&S etc;

Commerciality
Feasibility and returns of brief
Fee management/credit control
Security of payment

Service Delivery
Scheduling/Timetable
Budget & cost control
Contractor/Sub contractor/Sub consultant management
Establishing a solid foundation for your services
Provision of reports
Design management and performance
Tendering/Probity
Site management

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