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News Archive — 2006
Intelligent Risk Exchange (IREX) is a breakthrough engineering project risk management framework and software. Engineering projects nowadays are often conducted globally with key components being produced concurrently by project partners in different locations and time zones with challenging objectives, strategies, limitations and opportunities. Project managers have to successfully manage a variety of complex risks in such an environment together with their accumulated as well as inherited impacts throughout the life cycle of the project. So, how to manage this myriad of multi-layered risks associated with such complex undertakings? IRMAS (Intelligent Risk Mapping and Assessment System) is the first engineering project risk management software to tackle all these complexities. It was developed by a research team led by Associate Professor Berman Kayis of the School of Mechanical and Manufacturing Engineering, UNSW, under CRC-IMST funding (2001-2006). IRMAS will be available in the global commercial market under the name of IREX (Intelligent Risk Exchange). Boeing-Hawker de Havilland is the first licensed user of the software. Deputy Vice-Chancellors Professor Les Field and Professor Robert King signed the agreement with CRC-IMST on 17 July 2006 on behalf of UNSW. NewSouth Innovations is the Trustee of the project.
March 2006 — 2006 AGM Michell Award
On Friday 17 March Professor John Reizes was presented with the AGM Michell Medal for outstanding contribution to the profession of Mechanical Engineering. The AGM Michell Medal is the highest award bestowed by the Mechanical College Board of Engineers Australia and was presented to Professor Reizes for his extensive and world-renown research in Fluid Mechanics as well as for his long-standing involvement as a volunteer on many Committees with The Institution of Engineers, Australia. Pictured is Professor Reizes (left) receiving the award from the Mechanical College Board Chairman, Mr Arun D'Souza.
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