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How to Build Robust Asset Management Plans that Prepare You for the Unexpected.

17-04-2014

Asset Management (AM) refers to any system that monitors and maintains things of value to an entity or group. If the entity is an Enterprise, then the acronym EAM is used to define Enterprise Asset Management. AM may apply to both tangible assets such as the physical elements constituting an infrastructure, but also to intangible concepts such as intellectual property and goodwill. AM is a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. In the engineering environment…

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Riskope at ISBM 2014

10-04-2014

Riskope’s participation to the 2014 International Symposium on Business and Management in Nagoya was decided last winter as we strongly believe that our proprietary Optimum Risk Estimates (ORE) methodology has to be brought to the attention of an increasing number of industries and decision-makers world-wide. ORE allows to enhance governance and leadership, transforming threats in competitive opportunities by having a clearer understanding of the risk landscape of a corporation. During the conference Franco Oboni, the CEO of Riskope chaired a…

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Let’s define Strategic, Tactical and Operational planning.

3-04-2014

Strategic planning is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. Generally, strategic planning deals, on the whole business, rather than just an isolated unit, with at least one of following three key questions: “What do we do?” “For whom do we do it?” “How do we excel?” For example, the first and third questions are those that motivate an acquisition. Acquisitions are thus strategic choices. Typically strategic…

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Answer to cognitive biases, oversimplified assessments, vanishing flights and real life lessons.

26-03-2014

We were delighted to receive the following comment related to our last post  on LinkedIn: “… Your story captures very well the resultant false sense of security that can develop from the very success we all work so hard to achieve. Another dimension to that situation I think can be the dangerous thought that one can “survive” the unthinkable event. This can often be the case when there are significant profits being made; so a business “can afford” to get…

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Cognitive biases, oversimplified assessments, vanishing flights and real life lessons.

19-03-2014

It was a late afternoon in Tokyo, back in the year 2000. I was giving a presentation to a small group of executives from an Japanese airline. 9/11, Air France 447 and Malaysian Airline MH370 had not occurred yet. The subject, I am sure you’d guessed right, was risk management. I was talking about probabilities of events and long chains of small deviations that can lead to accidents. All of a sudden one of the executives interrupted the presentation, stood up…

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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

13-03-2014

After this post showing the share values at 5 years for Hess Corp.,ConocoPhillips,  Royal Dutch Shell plc (ADR),Chevron Corporation and  BP plc (ADR) some of our careful reader have commented that we forgot Exxon as a major oil company. Indeed if we graph the previous companies including Exxon we see that both BP and Exxon`share have stagnated in the last 5 years. On June 14, 2012, a bleeder plug on a tank in the Baton Rouge Refinery failed and began leaking naphtha, a substance that…

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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes.

6-03-2014

In the last couple years the mining world has been shaken by a series of large “sour deals”. Among these “deal failures” consequences we can note the following “corporate casualties” list: Cynthia Carroll CEO of Anglo American said she would quit in Fall 2012. Not long after Marius Kloppler, the man behind the failed deal to acquire Potash Corp. Of Saskatchewan and the shale gas debacle at BHP Billiton was removed. In January 2013 Rio Tinto’s Tom Albanese, responsible for…

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