Blog + News

Being and Doing. Intuition and rationality: their balance is the key to sustainable success.


Courses (and conferences) for entrepreneurs and business leaders by Gilles Placet and Franco Oboni The first example of what is intended to be a long lasting format was given on 19 March 2015 to a small focus-group of international professionals in Turin, Italy. Both Gilles and Franco have an industrial and business background ranging from small businesses to large multinational corporations and from local to major international markets. Both of them have gained exceptional skills and knowledge from their own…

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Comparative Decision Analysis-Economic Safety Margin (CDA-ESM): finally an alternative to the obsolete NPV.


CDA/ESM have been included in our Edumine Risk courses for mining for many years. In 2010 we published the article (STOP PROCRASTINATING! NPV IS DEAD: USE RISK AS A KEY DECISION PARAMETER.) in the Canadian Reclamation which showed two mining applications. Is CDA/ESM more complex than NPV? Yes…like a motorcycle is more complex than a motorbike. The point here is that NPV will not take you anywhere safely, as it is misleading, especially for long term projects like mining ones. CDA/ESM…

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A risk perspective on the concerns raised by the liability of hauling dangerous goods.


Riskope thanks Federico Sasso for participating to this research during his summer 2014 internship. The recent Trichloroisocyanuric acid fire event in Port Metro Vancouver raised again concerns related to hauling dangerous goods, immediately reinforced by a new series of crude derailments in Canada, US. It is a topic that we are familiar with since Riskope have performed many risk assessment, and calibrated emergency response plans for industries dealing with toxic substances in urban and other environment settings. In the last…

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Optimum risk estimates (ORE)


ORE starts by asking its users to model the systems using a «fractal like» tile modelling tool (we call them jokingly “risk-engineering Lego”) which helps defining external and internal hazards and focuses the user attention to the interdependent performances of each node. ORE value proposition can be summarized as a quantified FMEA with the systematicity of a HAZOP, without the necessity to delve into the smallest components, at first, as ORE analysis/hazard identification is SCALABLE. Within ORE FTA, ETA, numerical…

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Event Tree analysis (ETA)


In our day to day practice we frequently see risk assessments methodologies being stretched to «fit the clients’ case», or, in other words, tools being selected to deliver results they were not designed for. This is a brief summary for the Event Tree analysis (ETA) one of the most common methodologies to evaluate probabilities of complex cascading events in terms of series of conditional probabilities. ETA is a graphic-mathematical forward, bottom-up, logical modelling technique. It is a common mistake to develop excessively complex ETA giving…

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Verso la scomparsa dei compartimenti stagni nelle aziende.


Riskope ringrazia Luciano Vitrano per la traduzione italiana di questo articolo. Nel 2014 questo blog ha sottolineato in vari post come la gestione dei rischi debba comprendere una gestione degli asset, un concetto che è stato finalmente abbracciato dalle ISO 31000 e ISO 55000. Sembra che la ISO 9001:2015 (che sarà pubblicata a settembre 2015) stia finalmente riconoscendo che i QMS (Sistemi di gestione della qualità), non possano essere trattati come compartimenti stagni indipendentemente dal Risk Management e mette quindi…

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One of ORE secrets: proper definition of the system you are analyzing.


We all know that ISO and other International and National Risk Codes stress the fact that the context of the study, the environment in which your system operates has to be described. However, we have seen so many times project teams and facilitators embarking in FMEAs or other risk related endeavors without taking the time to rigorously describe the system anatomy and physiology. I know it may seem weird to use medical terms but let’s see why. A brief history…

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