Risk Management Principles
Unit code: HES6721
| Credit points | 12.5 Credit Points |
| Duration | 1 Semester |
| Contact hours | Equivalent to 36 hrs contact time or 150 hrs total study time |
| Campus | Off-Campus |
| Prerequisites | PG: Nil UG: 250 CP |
| Corequisites |
Related course(s)
A unit of study in the
Aims and objectives
- Developing an awareness of fundamental principles related to loss prevention and a basic understanding of functional management concepts and processes
- Understanding practical applications concerning the effective management of risks
- Building an awareness of the legal structures and processes within Australia
- Developing basic understanding of health and safety law and related legal obligations.
Generic skills outcomes
On successful completion of this unit the student should have the:
- Ability to apply knowledge of basic engineering management fundamentals.
- Ability to communicate effectively, not only with engineers but also with the community at large.
- In-depth technical competence in at least one engineering discipline.
- Ability to understand problem identification, formulation and solution.
- Ability to utilise a systems approach to design and operational performance.
- Ability to function effectively as an individual in a project team and have the capacity to be a leader or manager as well as an effective team member.
- Understanding of the social, cultural, global and environmental responsibilities of the professional engineer, and the need for sustainable development.
- Understanding of professional and ethical responsibilities and have a commitment to uphold these responsibilities.
- Expectation of the need to undertake lifelong learning, and capacity to do so.
Content
Risk management systems:
(a) organisational and national structures, crisis management systems, and
(a) organisational and national structures, crisis management systems, and
assessment of organisation effectiveness, functional management;
(b) concepts and definitions of risk control, organisational and risk management
objectives, risk evaluation and decision analysis techniques, the balance
between risk, benefits and costs,
(c) overview of risk management models: process model; assets, vulnerability,
exposure and threats model, functions and activities model, prevention of
property and production loss,
(d) personal and small-group risk evaluation principles,
(e) forecasting techniques and trend diagrams.
Overview of legal issues:
(a) common law principles in the areas of occupation, public and product health
and safety, duty and standard of care, tests of negligence,
(b) development of health and safety law and doctrines: common employment,
contributory negligence and voluntary assumption of risk,
(c) legal relationships involving employers, employees, manufacturers and
suppliers, service; providers, consumers and occupiers,
(d) the role of Australian Federal and State governments in health and safety
legislation. Overview of specific legislation including the Victorian OH&S Act,
Dangerous Goods Act and Accident Compensation Act, Occupier's Liability
Act, and Trade Practices Act,
(e) the role and standing of codes of practice and standards. Legal implications
of product guarantees, warranties and usage information; Application of
Australia / New Zealand ISO Standard on Risk Management – Principles and
guidelines AS/NZS ISO 31000:2009,
(f) the role of an expert witness.
