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Is it possible to quantify the social perception of an industrial accident risks? Lesson from the Mont Blanc highway tunnel fire tragedy.

Is it possible to quantify the social perception of an industrial accident risks? In a recent research study we used the Mont Blanc Tunnel 1999 tragic fire accident as an example. The aim was to illustrate the concepts of social perception quantification. This approach could be applied to any accident, in any industry, while developing a holistic risk assessment. The research paper we have crafted discusses how a risk assessment could have been carried out before the accident. It examines…

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Lac Megantic, biases, incomplete consequences, and regulations

Lac Megantic, biases, incomplete consequences, and regulations Lac Megantic, Canada, railroad derailment tragedy reportedly brought direct destruction and casualties on a radius of 200-400m when a number of hydrocarbon tank cars exploded. Once again media and public opinion realized later on that the immense suffering endured by the community extends it’s shadow far away from the point and time of the tragedy with far reaching indirect consequences (exclusions zone, logistic, loss of market share, bankruptcies, increase of jobless, depression, environmental,…

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Riskope ORE Risk and Crisis Management applications World-Tour 2013

Risk and Crisis Management applications World-Tour 2013 We just performed a Round-the-world tour, in 29 days starting from Italy, encompassing stops for courses and consulting in Malaysia, Australia, Chile, Brazil, Canada, back to Italy. We gave public courses in Kuala lumpur (Malaysia), Montreal (Canada); a lecture at the Federal University of Minas Gerais (Brazil); in house conferences and courses in Chile (Ministry), Brazil (Mining Corp.). Consulting and liaising with clients occurred in Australia, Brazil & Canada. We had the pleasure…

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Of Hurricanes, Reactive Politics, Risk Assessments

Hurricanes, Reactive Politics, Risk Assessments Hurricane Hazel killed a dozen of people around Toronto in 1954. In the aftermath flood plains development was banned and conservation authorities were created. After the flooding in Calgary, Toronto, Hurricane Sandy last year in the US and the ominous Katrina in 2005 it seems a good time to ask ourselves if we are doing the right things, enough of them, soon enough? Calgary could be the biggest flood coverage payout in Alberta history. In…

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Repairing Leadership through Risk Management and Strategic Planning part II

Repairing Leadership through Risk Management and Strategic Planning part II Riskope thanks Kelsey Fox for this interesting post In part I  two methodologies named “critical self reflection” and “long run focus” were discussed. ACTIVE ENGAGEMENT The most crucial component of both methodologies is execution. In their detailed risk management plan, Software Tech Support Center states, “…the real key to software risk management is planning and implementing your plan”. ForwardMetrics’ Chief Strategic Officer, Scott Warner, also emphasized the significance of execution in…

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Repairing Leadership through Risk Management and Strategic Planning

Repairing Leadership through Risk Management and Strategic Planning Riskope thanks Kelsey Fox for this interesting post. In Leadership, Trust and Strategic Planning Hand in Hand? Not So Much, Pamela Stambaugh identifies the leadership skills whose absences are most detrimental to successful leadership. The neglected leadership principals include: long-run focus, critical self-reflection, active engagement, globalized thinking, and communication—however identification alone does not provide a tangible solution. The processes involved with risk management and strategic planning have benefits that extend beyond the…

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World War II, survivor bias and risk based decision making

World War II, survivor bias and risk based decision making During World War II bombers crews knew their chances of coming home were extremely low because of anti-aircraft and enemy interception. Airmen were described as “Ghosts already” by the historian K. Wilson. The Air Force asked a panel of scientists, engineers and statisticians to develop a plan to enhance the chances of success of air missions, which in the mind of the military was equivalent to reinforcing the planes, building…

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Modern Implementations of Risk and Crisis Management

Riskope will present in Toronto a three days course, September 23-24-25, for industries, money lenders and insurers Capitalize on expert knowledge to gain maximum value on these vital issues: IDENTIFY risks that really matter and have the potential to disrupt your business. CONVINCE money lenders that your business will be sustainable in a world of shrinking credits. DISCOVER issues that could lead to crises, possibly hampering your growth. PINPOINT threats that are lurking in any commercial contract, ready to bite…

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