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Holistic Geoethical Slopes’ Portfolio Risk Assessment in Geological Society

2-12-2020

We are proud to publish Holistic Geoethical Slopes’ Portfolio Risk Assessment in Geological Society, London, Special Publications, 508. We want to personally thank Giuseppe Di Capua of IAPG for inviting us. Here is a summary of what we discuss in our paper Landslides of natural and man-made slopes, including dykes and dams represent hazardous geomorphological processes that generate highly variable risks. To optimize a slope mitigation approach, one has to combine the probability of failure and the cost of consequences…

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The impact of standard of care on dams survivability

25-11-2020

Using ORE2_Tailings we can quantify the impact of standard of care on dams survivability. In this blogpost we take three dams, namely Dam x, Dam y and Dam z. Their design was identical with initial factor of safety of 1.3. In addition, they had similar QA/QC, construction method, same systemic approach, efforts and uncertainties consideration. Various small mishaps hit the dams along their history. Some repairs occurred, under different contracts, different quality control and finally, at different times. It turns…

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Tactical and strategic planning to mitigate divergent events

18-11-2020

Tactical and strategic planning to mitigate divergent events is one of the themes of our next book. The term divergent does not yet appear in our glossary, as we are preparing its fourth edition. Stay tuned for the announcement of its publication. In short, hazards or exposures become divergent when they part from long term averages and “usual extremes”, both in terms of frequencies and/or magnitude. For example, a hundred-year rain event that occurs three times in a short interval…

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Comments on KPMG survey about third party risk management

11-11-2020

We just read KPMG’s Third Party Risk Management outlook 2020 and today we will pitch in comments on KPMG survey on third party risk management . Risk integration We discuss what its conclusions mean in terms of practical risk assessment and Enterprise Risk Management (ERM). At Riskope we started integrating third parties risks in ERMs and risk assessments twenty years ago. We note that in the grand scheme of things third party may also mean neighbors. Of course, defining the limits…

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Tailings dams failures insurance perspective

4-11-2020

It is interesting to read about Tailings dams failures insurance perspective. Riskope helped solving miners’ insurance denial issues for the last 15 years. Riskope also recognizes the issue is becoming much wider than mining due, for example to climate change impacting residential and private parties. Tailings dams Recent papers from Willis Towers Watson  quote tailings dams failures frequency at two failure per year. In a 2013 paper (Oboni, C., Oboni F., Factual and Foreseeable Reliability of Tailings Dams and Nuclear Reactors -a…

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Quantitative Convergent ERM to Solve Real Life Problem

28-10-2020

Riskope presented at Infonex (https://infonex.com/ ) Quantitative Convergent ERM to Solve Real Life Problem. The conference was carried out on Zoom and the talks were, of course recorded. What is ERM?  Enterprise risk management (ERM) is a plan-based decision-making support. It allows its users to enhance their tactical and strategic planning and therefore to increase competitiveness. Indeed, it aims to identify, assess, and prepare a project, corporation to cope with threats and hazards. Threats and hazards can occur with different…

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Tailings dams knowledge base creation

21-10-2020

Tailings dams knowledge base creation is about how to acquire the information needed to perform well documented risk assessments. Of course, there are many possible ways to create the necessary knowledge-base for a risk assessment that is compliant with the new Global standard. Today we will discuss a few possible ways to do so at a high-level.At Riskope we passionately believe that only a blending of these approaches is capable of bringing the answers needed for high quality risk assessments…

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