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Comparative Decision Analysis-Economic Safety Margin (CDA-ESM): finally an alternative to the obsolete NPV.

We have included CDA/ESM  in our Edumine Risk courses for mining for many years. In 2010 we published the article (STOP PROCRASTINATING! NPV IS DEAD: USE RISK AS A KEY DECISION PARAMETER.) in the Canadian Reclamation. Indeed it showed two mining applications. Is CDA/ESM more complex than NPV? Yes, of course! Like a motorcycle is more complex than a motorbike. The point here is that NPV will not take you anywhere safely. Indeed it is misleading, especially for long term projects…

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A risk perspective on the concerns raised by the liability of hauling dangerous goods

A risk perspective on the concerns raised by the liability of hauling dangerous goods Riskope thanks Federico Sasso for participating to this research during his summer 2014 internship. The recent Trichloroisocyanuric acid fire event in Port Metro Vancouver raised again concerns related to hauling dangerous goods, immediately reinforced by a new series of crude derailments in Canada, US. It is a topic that we are familiar with since Riskope have performed many risk assessment, and calibrated emergency response plans for…

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Optimum Risk Estimates, ORE

Optimum Risk Estimates, ORE ORE starts by asking its users to model the systems using a «fractal like» tile modelling tool (we call them jokingly “risk-engineering Lego”) which helps defining external and internal hazards and focuses the user attention to the interdependent performances of each node. ORE value proposition can be summarized as a quantified FMEA with the systematicity of a HAZOP, without the necessity to delve into the smallest components, at first, as ORE analysis/hazard identification is SCALABLE. Within…

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