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In this episode of Risk! Engineers Talk Governance, due diligence engineers Richard Robinson and Gaye Francis discuss co-operation versus competition policy in project due diligence.

Drawing on the postgraduate course they teach at Swinburne University, they explain why projects so often go wrong; that being the objective was never clearly articulated, or foreseeable problems were never built into it. They look at how trust, transparency and having the right people in the room let clients and contractors share risk instead of fighting over it, and what is lost when corporate memory walks out the door.

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Timestamps

• 00:35 – Co-operation versus competition in projects
• 00:53 – Swinburne project due diligence course
• 01:16 – Why projects go wrong
• 03:58 – Trust as the basis of co-operation
• 05:07 – Right people in the room
• 06:00 – Trust-based builder example
• 09:45 – Corporate memory loss
• 11:30 – Transparency and shared protection
• 12:51 – Criticality and control: designing out risk