As we were discussing the Uncertainty taxonomy I remembered a book by Vladimir JA. Propp (1927). The title was “Tales’ Morphology”. This was certainly not part of my scientific background. But there are people out there that delve with delight in such treaties. We will look below at functions of Tale and the relationship to modern Risk Assessment. Where is the link with Risk Assessment? Well, if you read the book you will see in the Preface a long discussion.…
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3 decision-making truths derived from Uncertainty taxonomy [scheme of classification] and a road sign. A couple winters ago I saw an interesting road sign: in its own, warped and cynical way it reminded people about The law of attraction (aka the secret), and how we can influence our world, one way or another, with our decisions and, more importantly with the way we take them or what motivates them. Lately I found the image below defining a taxonomy of uncertainty…
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The short movie below was uploaded in March 2014 (the course was given in Brazil in the Fall 2013). The course was given to over forty Engineers and Technicians in charge of various mines and tailings dams in Brazil. It was followed by a conference we gave at the university of Minas Gerais. Now the catastrophe has occurred. The physical, reputational and social damages are clear to anyone. Let’s see if the Brazilian legal system will actually follow through with…
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We were very pleased when we read on a mainstream media a paper discussing the Advantages and Disadvantages of Net Present Value Method. Net Present Value Forever? Indeed Net Present Value Forever? No, thanks, it’s too risky! The paper addressed investment purposes. However the relation to projects is quite obvious. Actually, aren’t all projects investments? No, CDA/ESM is way better! As our readers know, Riskope has been proposing and successfully applying the proprietary CDA/ESM methodology in planning, projects’ evaluations world-wide, in a number…
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10 voices comment on the risk of maintaining Status Quo in Tailings Management. Recently CIM-Magazine interviewed Riskope on the subject of Tailings Dams failures. The conversation took place in the aftermath of Mount Polley incident. At the time of the interview the Samarco disaster in Brazil had still yet to come. 10 voices comment on the risk of maintaining Status Quo in Tailings Management. In that paper ten experts freely comment on Mount Polley and other mining projects, with special…
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In a prior post we discussed large scale water contamination. We related it to a planetary plague, with dear consequences unless we decide to “rewrite” the future. We imagined how, unless we take robust decisions, in a distant future, archaeologists will likely find books or some records relating events that are occurring under our eyes, namely wide-spread water contamination. They may consider them like the first Plague of Egypt. What is the relationship between The Ten Plagues of Egypt and…
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Soon we will participate in the conference Tailings and Mine waste 2015 focusing on risks and tailings stewardship (TMW2015) in Vancouver. Tailings and Mine waste 2015 focusing on risks and tailings stewardship We were puzzled to still see some papers and hearing some talks confusing the term “risk” for consequence of an adverse event or likelihood of an event. The result of those glossary slips is confusion and difficulties in performing practical risk assessments. Like in other industries, most of…
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The Risk and Resilience Mining Solutions Conference in Vancouver will be an exciting event. Risk and Resilience Mining Solutions Conference in Vancouver Riskope is actively supporting the organization of Risk and Resilience Mining Solutions Conference in Vancouver, April 2016 for which the call for ABSTRACTS is now open. The conference covers risk identification and assessment as well as development of mitigation measures. Other themes include: risk based decision making methods, current practices for risk mitigation, as well as case histories…
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