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Resilience and reliability concepts applied to Oroville Dam

15-02-2017

So, we are in a conceptual exercise today, discussing Resilience and reliability concepts applied to Oroville Dam. We will stay away from numbers, as we do not know them. Oroville Dam system A catchment area of 3,607 sq mi (9,340 km2) brings water to the Feather River Valley upstream of the dam location. The Feather Valley is barred by the Oroville dam mainly for water supply, hydroelectricity generation and flood control. Dam was designed and build to code and the…

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Ten specific questions Riskope/ORE effectively and elegantly solve for you and your company

8-02-2017

We are delighted to show below ten specific questions Riskope/ORE effectively and elegantly solve for you and your company. ORE is the methodology Riskope has developed over two decades of continuous improvements while working for Fortune 500, international organizations, private groups and governments. Ten specific questions Riskope/ORE effectively and elegantly solve for you and your company. For the ease of reading we have grouped the ten specific questions Riskope/ORE effectively and elegantly solve for you and your company in four…

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Making sense of Probabilities and Frequencies

1-02-2017

Making sense of probabilities and frequencies (in a quantitative way) is necessary to benefit from better risk assessment. Oftentimes users feel compelled to use qualitative approaches to risk assessments. Their justification includes that probabilities are complicated, they require “statistics”. As a result users embrace index-approaches (probabilities are given (absurd) values like 1,2,3..n), qualitative approaches (small, medium, large… “fast-food style”) while believing they will get a good understanding of their risks out of this. In reality, making sense of probabilities and…

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Mining deaths and injuries

25-01-2017

A few years ago Riskope developed machinery-specific risk assessments, geared towards mitigating Health and Safety issues, covering Mining deaths and injuries generating high risks, in particular around underground coal extraction machines. Mining deaths and injuries We were recently delighted to read that All Mining Fatalities in the US fell to an all-time low (25 casualties) for 2016 (source Labor Department). The value is 86% from the previous low set of 29 (2015) and sharply down from 46 casualties 2014. Conclusions…

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Cyber risks in mining oil and gas companies

11-01-2017

Mining is in transition from the electro-mechanical era toward the cyber-informational one, where cyber risks in mining oil and gas companies become relevant and should be included in any operation risk landscape. Cyber risks in mining oil and gas companies Information technology (IT) , Internet of Things (IoT), and spreading connectivity are bringing very significant benefits to mining, but increase the mining industry’s exposure to cyber criminals and possibly terrorists. This phenomenon is general and occurs in every single industrial,…

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Anthropocene, Sapiezoic and Risk Management

4-01-2017

With Anthropocene, Sapiezoic and Risk Management we wish to give a philosophical start to 2017. Remember Riskope’s 2016 Season’s wishes? Remember our chapter The Long shadow of Human generated geohazards: Risks and Crises in Geohazards Caused by Human Activity? Anthropocene, Sapiezoic and Risk Management We recently read an interesting article which lead us to present an integration of the lines of thought of our prior posts leading to a discussion of Anthropocene, Sapiezoic and Risk Management. When did the Anthropocene…

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Answering risk questions that cannot be answered with common practice approaches

28-12-2016

This interview ” Answering risk questions that cannot be answered with common practice approaches ” was recently published by Mind the Gap! The red titles have been added to this version. The original questions are numbered Q1 to Q10. How large is the gap between companies following common practices vs. Best practices? Q1: After we first met, Franco, I realized how much proforma is the kind of Risk Management we do in our endeavors. How large is the gap between…

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