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Risk perception, corporate prestige, psychological factors, alibi and denial.

Risk perception, corporate prestige, psychological factors are important sources of irrational decisions. Roughly ten years ago we were invited by a very famous and prestigious European Railways company to give a seminar to top management. NB: the company name is covered by confidentiality and we have also slightly altered the story to further protect the identities of the implied parties. European Railways companies are “state owned” enterprises. Thus their Boards generally have c-suite who either are administration veterans or politicians.…

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Terremotos, tsunamis, terrorismo, guerra cibernética, incertidumbres económicas. ¿Están todavía preguntandose porqué necesitan gestión de riesgos y modernas herramientas de decisión?

Pensamos que sería bueno publicar nuestra presentación en Bogotá castellano en el blog. Aquí está el enlace. En caso que te interese, tenemos un seminario web (webcast) muy completo y listo para emitir en castellano, sólo háganoslo saber que está interesado y si tenemos registros suficientes lo organizaremos. Utilice el cuadro de comentarios para pre-registrarse para un posible seminario web.

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Quinn Storm and Rolf Medicane gave us the opportunity to test the Balangero Asbestos Mine Environmental Risk Based Decision Making (RBDM) Restoration Design under Extreme Meteorological Conditions. Another success for CDA-ESM!

Two storm gave us the opportunity to test the Balangero Asbestos Mine Environmental Risk Based Decision Making (RBDM) Restoration Design under Extreme Meteorological Conditions. In the past (2009) we already reported in this blog about an interesting environmental restoration project that was entirely designed using RBDM.  As the project includes a large reforestation program, we have been updating our reports. In fact we just published and presented a paper on it at Tailings and Mine Waste 2011 Conference,Vancouver, Canada. Asbestos Mine…

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Information Security, Cyberwarfare, Security Guidelines.

This year has seen an unprecedented number of highly visible cybersecurity events. Entire countries disappeared from internet during riots and revolts in North Africa, Egypt, Libya. Metropolitan underground e-mails and phones were obscured by the authorities in San Francisco to “protect us”. Reportedly the hacker group Anonymous has now threatened to take down the New York Stock Exchange‘s computers in what we at Riskope would see as a “logical” development of the Men against Machines War we described in a recent posting…

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The Cassas Landslide in North Western Italy

As we presented this case at an the WLF2 conference in Rome, we have decided to publish it on our blog. A fully developed natural hazard risk management and mitigation approach. It constitutes a complete and fully developed case study which included the following phases: probabilistic behaviour forecast, behaviour monitoring (which luckily allowed to actually “see happen” what we had predicted a few years earlier), Risk Based Decision Making (RBDM), and finally implementation of mitigative and crisis management plan. Interestingly,…

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Skynet ‘s Terminator is happening now

 Every morning, day after day, we see rough market data, large volatility, brutal drops, sudden heaves. Some companies are seeing the market capitalization play yo-yo several times a week, if not daily. For example: Dendreon Corp.’s shares fell 69% in less than two minutes in April 2009 followed by an after hour rally. Diebold Inc., June 2nd , share price plummeted more than 30% in six seconds, before shooting back up Dendreon & Diebold shares most likely have been “victims”…

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On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises.

On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises. This is not just a motto!  Riskope can indeed help you solve numerous issues related to that statement. For example: insurance denial situations, add value to you existing risk assessments, enhance risk registers, develop ERM in an ingenious way. We could spell out as follows a subtitle. Let us take the best advantage of what you possibly have and deliver…

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What Fukushima (2010) nuclear accident, the Twin Towers (9/11) terror attack, deadly traffic accidents and Aquila earthquake (Italy), hurricanes have in common?

In this blogpost we attempt an update of Whitman’s and ANCOLD tolerance/acceptability curves. These link casualties from man-made or natural catastrophes, large dams failures to a “tolerable” annual probability. The attempt shows evidence for a G8-wide societal acceptability which has only slightly changed since the original studies by Whitman..   We have already discussed many times how well-balanced and sustainable decisions can only be taken if risks are compared to properly defined risk tolerance /acceptability criteria. Comparison of various risk…

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