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Hazmat trains travel across the country since railroads exist….

30-10-2014

In follow-up of this post. Accident b1) Each year various accidents occur, limited casualties occur, they are reported in local to national media, as “minor” accidents, such as the CN train hauling dangerous goods derails near Clair, Saskatchewan or the two Union Pacific locomotives hitting head on, in Hoxie, Arkansas. Accident b2) One major, catastrophic accident occurs, a vivid one with “unthinkable” consequences (Lac Megantic, for example) Societally “minor” accidents neither trigger policies changes nor major inquiries by third parties even if…

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Identical single accidents’ consequences can lead to diverging societal impacts: where lies the difference?

23-10-2014

Let’s discuss, as we mentioned in the prior post, different accident types, with identical or very similar single-accident direct consequences, but very different global impacts, which may generate surprisingly different public reactions. The discussion will include the classification of the “German” metaphors. Incidentally, we have found one non German document entitled “Blackett Review of High Impact Low Probability Risks ”, by the U.K. Government Office for Science, that refers to the German metaphors and have noticed that over time the…

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First level mitigation of some personal and business cyber-risks.

16-10-2014

Riskope thanks Paige Calahan for this contribution It is amazing to see that so many private users, small business, but sometimes even sizeable companies are far behind in basic mitigation of cyber-risks. As a business owner, you’ve put in a considerable amount of proverbial blood, sweat and tears to launch your operations. Now that your business is up and running and doing well, the last thing you want is for some sort of privacy leak or other online issue to…

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“Rischi” d’impresa e fuga dei talenti

15-10-2014

Riskope ringrazia Federico Fontolan per questo interessante contributo. Osservando il Risk Management Survey 2013 redatto da Aon sulla base dei risultati di un’indagine effettuata tra 1415 società in 70 paesi, possiamo notare come nella top ten dei “rischi d’impresa” figurino “rischi” quali la crisi economica, l’incertezza politica e, con grande rilievo perché al quinto posto assoluto, il “rischio” di perdere o non saper trattenere i talenti.  La fotografia che ne deriva è molto interessante perchè sintomatica dell’evoluzione che ha avuto…

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Tailing and Mine Waste 2014 conference entitled “Risk Assessment and Decision Making for Tailings Facilities”

7-10-2014

The course emphasys was on risk assessment methodologies, but we included many failures case studies such as the recent Mount Polley (based on public data) and a view on perpetuity. The subject of perpetuity was the focus of our paper at this conference (also with Jack) entitled “Risk Assessment of the Long Term Performance of Closed Tailings Facilities”. Having practiced risk management for over 20 years, we strongly believe in rational and well conceived Risk Assessments and also here. So when…

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Metaphoric description of risks and their perception: are they useful or just “wordplays”?

2-10-2014

A couple decades ago, German researchers in the field of theoretical risk management developed a series of metaphors to describe public perception of risks. They are summarized below, with examples: Sword of Damocles has a very high disaster potential, although the probability that this potential manifests itself is theoretically extremely low. Nuclear power plants (Fukushima), large-scale chemical facilities (Bophal, Seveso), hydro-dams and meteorite impacts are typical examples. Cyclops it is only possible to ascertain either the probability of occurrence or…

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Consumer trust, consumer experience and risk management

25-09-2014

A recent article by Michael Lowenstein indicates that customer trust “is the connective tissue that holds customers, brands, and enterprises together; and, without trust, these connections would quickly dissolve.” Over the last few years Riskope have spent a lot of R&D funds and efforts to study the relationship between public perception of risks, risk assessments and crises developments, coming to the same conclusions.  If trust is not built through at least: transparent and rational risk assessments, proper internal and external communication and true…

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