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Convergent Leadership Divergent Exposures

12-05-2021

The title of our new book is Convergent Leadership Divergent Exposures. The manuscript was delivered to our publisher on March 1st 2021 and should be published by July 29th 2021. How will Convergent Leadership Divergent Exposures benefit you? Today’s corporate, industrial and government decision makers must address risks and hazards on a scale never before encountered. As a matter of fact, policy makers and managers face complex business-as-usual hazards, black swans and Acts of God that can lead to devastating…

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Landslides consequences of accidents are multidimensional

5-05-2021

Recent research results confirm a point we have pushed forward for many years. Landslides consequences of accidents are multidimensional and risk assessments should consider all the pertinent dimensions, such as for example: loss of life, financial losses, and finally, environmental and other impacts. Indeed, Strouth and McDougall recent Historical Landslide Fatalities in British Columbia, Canada: Trends and Implications for Risk Management, precisely proves the point plus a number of other interesting considerations. A review of British Columbia landslide fatalities The…

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Why everything we know about Tailings Dams failure is wrong

28-04-2021

If you think the title is provocative you are right. Why everything we know about Tailings Dams failure is wrong aims to discuss a different way of looking at TD failures. Biases occur if one uses statistical samples from a failure data base to evaluate TD likelihood of failure. That is because one considers the sub sample of failed dam as opposed to the overall inventory. Indeed if one ignores the base inventory one could draw misleading conclusions. Berkson’s paradox…

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Risk Management glossary update

21-04-2021

We recently carried out a Risk Management glossary update. The reason for this update is the new book we will publish. Indeed, the book deals with a number of ongoing issues such as climate change, cyber attacks, ethics, and sustainability. These require us to define a series of new key terms. Where you can find the Risk Management glossary update You can browse through the Risk Management glossary update in its dedicated glossary page. There you can also download it…

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Ship blocked the Suez canal causing a six days business interruption

14-04-2021

Recently the Ever Given Ship blocked the Suez canal causing a six days business interruption (BI). In the aftermath of the incident world media reported that never before a ship blocked in such a way the canal. They added “this is a black swan”, a usual preposterous statement. Many enterprises rely on third party companies for shipping goods. Approximately 10% of the global shipping volume goes through Suez Canal as the canal represent a shorter and safer route from Asia to…

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Neo-mythological risk animals

7-04-2021

Various neo-mythological risk animals have caught the imagination of businesses and have had world-wide mediatic success. Unfortunately, sometimes even against their creators will, they generate a slanted image. Many use that image as it allows “iffy” constructs. Furthermore it offers an excuse for a classic human behavior. That is doing nothing and procrastinating. Let’s explain the point: black swans are defined by Taleb as “an unpredictable or unforeseen event, typically ones with extreme consequences” however they have been used and…

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Risk Management Guideline for Engineers

31-03-2021

The Canadian Engineering Qualifications Board (CEQB) recently published a Risk Management Guideline for engineers. This post discusses some of the concepts and draws parallels with another upcoming publication. Our general comments on Risk Management Guideline for Engineers We saw a number of good points in the Guideline, for instance: a glossary, the clear call for hazard identification, some examples, and finally and perhaps more than anything, the fact it fosters engineers’ awareness for risks. We fully empathize with the desire to generate…

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