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World food reserves worldwide would last 74 days

World food reserves worldwide would last 74 days following UN estimates in 2012. A mega volcano eruption could bring the planet to starvation due to a “volcanic winter”. There are around 20 known super-volcanoes on this planet. Experts think major eruptions have a “frequency” of one every 100,000 years. That is at the threshold of credibility following “industrial” standards. Of course there is great uncertainty in these predictions. For example, Professor Bill McGuire, director of the Benfield Hazard Research Centre…

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Gartner’s Top 10 Factors for Integrated Risk Management Success

I just read Gartner’s Top 10 Factors for Integrated Risk Management Success (here). We have discussed Gartner’s reports (here) and proposed techniques (here) in the past. This time around it is great to see such a convergence of opinions with the philosophy and concepts we have developed over the last twenty years. They constitute the fundamentals to produce and then successfully deploy ORE so many times around the world in various industries. Gartner recommendations and key challenges. Let’s first dive in…

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Vulnerable territories, well known hazards

Vulnerable territories, well known hazards are the ingredients of events such as Harvey and Irma. High density industrial operations, hazmat, toxic compounds storage facilities are obvious boosters to the magnitude and duration of resulting consequences. Vulnerable territories, well known hazards Vulnerable territories, well known hazards are due to a combination of: Malicious climate. Unforgiving flat topography. Houston is reportedly locally sinking by 2.2 inches per year due to pumping of oil, water and other factors. Facilities handling or storing hazardous…

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Risk related definitions to avoid risky confusions

Yes, we know, the title of this post: Risk related definitions to avoid risky confusions sounds a bit like a joke. However, we can assure that complying to these definitions  will save you and your company time, money, limit liabilities and reduce chances of litigation.   At the beginning of Summer we pointed out  there is still major confusion even in basic definitions of risk and uncertainties. Also that occurs not only within a single industry, but, even worse, across…

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