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Car accidents, cold, more examples of biased and misleading FMEA/PIGs results

Reviewing Car accidents, cold, more examples of biased and misleading FMEA/PIGs results adds to prior information published in this blogpost. In particular we show how results of a Risk assessment matrix 5×5 or 4×4 can actually cloud our judgement. Car accidents, cold, more examples of biased and misleading FMEA/PIGs results Dear X, Thank you for asking us to review your draft Risk Assessment for the ACME Inc. operation. I reviewed your FMEA/PIG risk matrix 4×4 and have the following remarks. Note if…

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A modern Risk Manager and an Engineer have a heated discussion about FMEA/PIGs, common practices and what a rational and transparent quantitative risk assessment should encompass

A modern Risk Manager and an Engineer have a heated discussion about FMEA/PIGs. The dialogue below is an excerpt of the course entitled “Risk-Based Management Of Tailings, Waste Rock, And Heap Leach Facilities” that Riskope and Jack Caldwell (Robertson Geoconsultants) are co-writing for Edumine. Risk Manager and an Engineer have a heated discussion about FMEA/PIGs, and risk matrix 5×5 The dialogue format is used as a “literary device” to allow the reader to hear different “voices” from the industry and…

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Social Acceptability criteria, winning-back public trust require drastic overhaul of risk assessments common practice

Social Acceptability criteria, winning-back public trust require drastic overhaul of risk assessments common practice Riskope was present at the MineWaste2013 Conference in Banff (Nov. 3-6, 2013). Riskope presented a paper (Factual and Foreseeable Reliability of Tailings Dams and Nuclear Reactors -a Societal Acceptability Perspective). The paper compares “historic” rate of failure (major accidents only) of tailings dams and nuclear reactors world-wide to well known, previously published technical and societal acceptability criteria. We quantitatively compared the risks (focusing on casualties consequences…

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