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Tailings Systems and Dams: ORE (Optimum Risk Estimates) help making better decisions and to avoid misleading the public. At Riskope (www.riskope.com) we are very proud of releasing our presentation at the Mining 2012, Keystone (CO) Conference. Tailings Systems and Dams: ORE (Optimum Risk Estimates) help making better decisions You can see and download the presentation for free here Riskope’s presentation at Mining 2012, Keystone (CO) Conference.
Read MoreHad I realized what a life in mining would be like, I’d have head for the hills, rather than become entrenched in it. I was rather surprised to find the mural painting above. It came together with text translated above in italics. It was on the front wall of a house in Orgosolo, in the mountain of Sardinia, one of the main islands of Italy. A few days after I took the picture, workers at the last Italian active coal…
Read MoreRiskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event planned in Edmonton, AB, on Oct 12, 2012. Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event Riskope’s talk will discuss Optimum Risk Estimates (ORE), as described in here (of course in Edmonton we will present a “non-mining” application). Riskope’s ORE allows to: Avoid the pit falls that lead to failed Risk Management implementations Build and design a robust ERM program Gain…
Read MoreTwo blasts have rocked saw mills in B.C. In both cases, unfortunately, there were casualties. And in both cases, the blasts were apparently due to sawdust. In both cases official inquiries are still ongoing In both cases official inquiries are still ongoing, but the media have been filled with hypotheses and discussions. Reportedly (Globe and Mail, April 27th) “the B.C. Government waited until the second catastrophe this week to issue province-wide guidelines, inspection regimes, deadlines and, possibly, new regulations”.…
Read MoreOur judgements are clouded by prejudices and misconceptions. Indeed, we humans often assess the probability of an event by asking ourselves if there are “cognitively available” examples. Those are readily available through memory as Kahneman (Nobel Prize in Economics) and Tversky demonstrated in a series of papers published between 1971 and 1984. Among those papers the most popular is likely the one entitled “Prospect Theory”,1979 quoted at page 212 in our book. Availability heuristic The phenomenon highlighted by Kahneman and…
Read More2012 marks the 20th anniversary of Riskope’s active service in the international Risk and Crisis Management arena with Strategy, Leadership and Success in Personal and Organizational Development. Although we exist, in one form or another, since 1988, our companies drastically evolved from Engineering to Risk and Crisis Management with the acquisition of a series of very unusual jobs in the early 90s. It appears now that those jobs were the tipping point of our evolution, as summarized by the following images.…
Read MoreRisk perception, corporate prestige, psychological factors are important sources of irrational decisions. Roughly ten years ago we were invited by a very famous and prestigious European Railways company to give a seminar to top management. NB: the company name is covered by confidentiality and we have also slightly altered the story to further protect the identities of the implied parties. European Railways companies are “state owned” enterprises. Thus their Boards generally have c-suite who either are administration veterans or politicians.…
Read MoreThis year has seen an unprecedented number of highly visible cybersecurity events. Entire countries disappeared from internet during riots and revolts in North Africa, Egypt, Libya. Metropolitan underground e-mails and phones were obscured by the authorities in San Francisco to “protect us”. Reportedly the hacker group Anonymous has now threatened to take down the New York Stock Exchange‘s computers in what we at Riskope would see as a “logical” development of the Men against Machines War we described in a recent posting…
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