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10 commandments for resilient design

8-08-2017

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

2-08-2017

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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Three ways to enhancing your risk registers

26-07-2017

We wrote a paper with 10 rules to enhance risk assessments and today we will focus on three ways to enhancing your risk registers, namely rules #3, 5, 6. We have selected three rules out of ten of the original paper based on issues various delegates focused on at a recent conference. Of course we invite you to read the full paper and review your risk registers. Your projects/operation/company will greatly benefit from this action once the dust settles. Three ways…

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Managing risks across the mining and oil & gas lifecycle

19-07-2017

I had the honour to chair one of Managing risks across the mining and oil & gas lifecycle conference in London last week. The session’s title was Managing our wastes for the long term. Managing risks across the mining and oil & gas lifecycle The conference was held at the Imperial College within the frame of The Geological Society “Year of Risk” and the Institute of Risk Management. The conference’s aim was to bring together Mining and Oil & Gas…

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Sendai Framework for Disaster Risk Reduction and the mining industry

12-07-2017

This “Sendai Framework for Disaster Risk Reduction and the mining industry” blogpost looks at what was defined as minimal requirement for a Risk Assessment applied to a mining orphan site in 2013, as a result of Public Hearings in the NWT. It then examines recent development in the field, welcoming the apparently general request for multidimensional consequence analyses. A bit of reminiscing For the reclamation of Giant Mine the MVREIB, an Environmental Review Board in Arctic Canada quoted the following…

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Petya’s consequences dramatically highlight risk road maps significance

5-07-2017

The cyber world is asymmetric. A few script kiddies can have the power to launch powerful world-wide, far reaching attacks as we saw with the WannaCry ransomware case. We cannot assume perpetrators will only target political or financial interests. Perpetrators could be anywhere and everywhere. From a risk management point of view, it is irrelevant whether Petya is a cyber weapon being used to carry out cyberwarfare activities or just a ransomware. However, Petya’s consequences dramatically highlight risk road maps…

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Stakeholders not satisfied with probability assessments

28-06-2017

It is obvious that risk and uncertainty analyses can and will always be challenged by opposing stakeholders not satisfied with probability assessments, based on their subjective, modeled or even „pseudo statistical“ approaches. Under the excuse of limited or poor available knowledge of the problem at stake some stakeholder may invoke the „unrepresentative“ character of expert analyses, “mistrust„ in the results (as they feel their gut feeling is necessarily better than a science based approach) to avoid making a sensible decision.…

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