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Car accidents, cold, more examples of biased and misleading FMEA/PIGs results

Car accidents, cold, more examples of biased and misleading FMEA/PIGs results Dear X, Thank you for asking us to review your draft Risk Assessment for the ACME Inc. operation. I reviewed your FMEA/PIG matrix and have the following remarks. How ready are you, really, to say that a “not likely”/”most unlikely” event with extreme consequences is IDENTICAL (from a risk assessment point of view) to an “expected”/”will occur” event with negligible consequences? (See the figure below, we are talking about…

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Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Governance and Effective Leadership

Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Governance and Effective Leadership Riskope is preparing a paper to be presented at a Conference in Japan in 2014. The paper builds on case studies of mishaps and accidents to discuss social acceptability of risk, risk estimates and risk communication in view of new projects world-wide and difficult choices humanity will have to make under demographic and climatic pressure. Due to space limitation, the first part of the paper…

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A modern Risk Manager and an Engineer have a heated discussion about FMEA/PIGs, common practices and what a rational and transparent quantitative risk assessment should encompass

Risk Manager and an Engineer have a heated discussion about FMEA/PIGs The dialogue below is an excerpt of the course entitled “Risk-Based Management Of Tailings, Waste Rock, And Heap Leach Facilities” that Riskope and Jack Caldwell (Robertson Geoconsultants) are co-writing for Edumine. The dialogue format is used as a “literary device” to allow the reader to hear different “voices” from the industry and form his/her own opinion. We are not going to reveal the “real names” of the characters, so,…

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Social Acceptability criteria, winning-back public trust require drastic overhaul of risk assessments common practice

Social Acceptability criteria, winning-back public trust require drastic overhaul of risk assessments common practice Riskope was present at the MineWaste2013 Conference in Banff (Nov. 3-6, 2013). Riskope presented a paper (Factual and Foreseeable Reliability of Tailings Dams and Nuclear Reactors -a Societal Acceptability Perspective) which compares “historic” rate of failure (major accidents only) of tailings dams and nuclear reactors world-wide to well known, previously published technical and societal acceptability criteria. We quantitatively compared the risks (focusing on casualties consequences because…

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