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ORE use for Risk Informed Decision Making (RIDM)

ORE use for Risk Informed Decision Making (RIDM) explores the possible deployment of ORE within RIDM. We will teach this in Banff using well documented case histories. Here are some examples: Mining (operations and environmental rehabilitation) Transportation (RR and highways) Wharves (including multi-modal logistics) Automotive (specialty vehicles) M&A, startups ORE use for Risk Informed Decision Making (RIDM) : does it fit? We highlight below some aspects of RIDM and compare them to ORE features to show how ORE use for Risk…

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Virtual reality geoethics

Virtual Reality (VR) and Augmented Reality (AR) are susceptible to generate significant benefits, but also come with a full bag of Virtual reality geoethics issues. Let’s discuss some of the Virtual reality geoethics issues we have spotted in the media and at various conferences. Where do we stand, where are we heading with VR and AR? VR total immersion is what everyone making a VR headset, game or app is aiming towards – making the virtual reality experience so real that…

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Mining Activities Gamification

In a Mining Activities Gamification initiative in cooperation with Microsoft, Codelco, the world’s biggest copper producer, announced a contest to see who can design the best Chuquicamata underground mine using Minecraft. Codelco’s chairman said the event could expose “thousands of children and young Chileans” to the mining industry. The general manager of Microsoft Chile added: “Today more than ever we need to engage new generations in the importance of the mining industry in the country’s development”. Mining Activities Gamification is…

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10 commandments for resilient design

The 10 commandments for resilient design we propose below are based on risk management concepts. They should be considered as a complement to the resilient design principles delivered by the Resilient Design Institute. Definition of resilience Resilience is simply defined as the ability to recover after an accident, the ability to withstand disruption and rebound quickly. In other words resilience is the capacity to bounce back after a disturbance or interruption. Resilient design is the result of an intentional effort geared…

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Less is more in risk management too

Complexity, interdependencies, black swans are all widely used terms among risk managers . Unfortunately some risk manager still use them to hide behind, while working ultimately with their gut feelings. However, all this can be solved with a properly defined glossary and a proper methodology should bring clarity and focus, as indeed, less is more in risk management too. FMEA or any another tool you use should simplify your task, ERM development, and not overwhelm you with pages and pages…

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