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Trains, Commuters, Sandy and Decision-Making… another case for ORE cockpits.

We have been writing our last two posts in Italian, commenting on the “poor Italian risk-culture” (we were not talking about politics, but on cases like Taranto wide-spread contamination or L’Aquila earthquake sentence), but now we have another interesting subject of conversation linked to hurricane Sandy and its consequences to N.J. Trains. We are not going to discuss, as we do not trust “reporting scoops” in general, if the trains were actually flooded or damaged by some other hurricane-linked phenomenon;…

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Frecciarossa Trenitalia, Guariniello, attacchi cardiaci e defibrillatori

Solo pochi giorni fa pubblicammo su questo blog un articolo che dichiarava che “ Nessun manager si può più permettere, come recenti avvenimenti di cronaca industriale e legale italiana e mondiale hanno dimostrato, di lavorare “d’istinto”, su basi approssimative non quantificate e non giustificabili…” Evidentemente, pensavamo a casi come il sisma dell’Aquila ed i suoi risvolti legali, politici e mediatici, l’Ilva di Taranto, con tutto il suo fardello tossicologico, ed a vari altri casi italiani ed internazionali. Sono passati solo…

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Incertezze, Economia, Decisioni, Crisi: ORE (Optimum Risk Estimates) Offre ai Managers una Solida Base per Decisioni, Valutazione di Opportunità, Creazione di Valore Aziendale.

Autorevoli studi (Harvard University) hanno dimostrato che una buona conoscenza quantitativa dei parametri decisionali, specialmente in periodi di forti incertezze come quello odierno, “ALLUNGA LA VITA” delle aziende. Valutare correttamente le decisioni aziendali (per esempio un’opportunità di dislocazione di produzione, l’apertura di una nuova filiale, il varo di misure di contenimento dei costi, una modifica del panorama assicurativo aziendale, etc.) permette di CREARE VALORE. Le decisioni basate sull’istinto possono riuscire, ed il loro promotore sarà ammirato, ma quando non riescono…

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Tailings Systems and Dams: ORE (Optimum Risk Estimates) help making better decisions and to avoid misleading the public

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.

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Talking with People about Risks

While Talking with People about Risks it is not uncommon that people ask me what I do for a job. Once I tell them I am a Risk Management Consultant they ask: “do you work on financial risks?”. I generally reply that if they mean risks linked to banks I do not. However I quickly point out thar at the end of the day all risks are financial! If a lightning takes down the electric substation and your factory is…

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Risk Managers are retiring. Corporations have to fight the brain drain or be faced with over-exposures to risks.

Risk Managers are retiring. Corporations have to fight the brain drain or be faced with over-exposures to risks. Because the retirement of a corporate risk manager might be the source of critical exposures. It is actually a significant risk per se: one with a high likelihood (everyone ends-up retiring), and potentially large consequences. Only well planned proactive actions can mitigate it. Indeed Risk Managers are retiring. Corporations have to fight the brain drain or face over-exposures to risks. Risk Managers are…

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The devil is in the details.

“The devil is in the details.” explore what shortcuts in risk management leads to exposures and potential liabilities. We all love rounding numbers, i.e. “erasing the decimals” by pushing the value up or down to the nearest, or more pleasing, integer. When we let our “esthetics sense”, or our will to influence our audience, dominate, we will merrily jump way more than the decimals and come out with “media friendly rounded” values such as “one million people came to the…

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Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event

Riskope 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…

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