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Risk Management is not a Fairy Tale, but sometimes strange things happen!

Two months ago Riskope was invited to give a presentation in Geneva, to an international group of Critical Infrastructures Owners and Managers (Power, Utilities, Distributors, Generators, Oil & Gas, Telecom, etc.). Risk Management is not a Fairy Tale, but sometimes strange things happen! Risk Management is not a Fairy Tale, but sometimes strange things happen! Right in the middle of my speech my cell phone rang! I was very upset. In more than twenty years of honorable career as a public…

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Riskope Short Course at Colorado State University

Riskope Short Course at Colorado State University: On Sunday, October 14, 2012 (08:30AM to 5:00PM) Riskope will present a short course at Colorado University Tailings and Mining 2012 Conference  on ORE (Optimum Risk Estimates). This short one day course will bring much needed answers to anyone involved in evaluating tailings risks in projects. Those include pre-feasibility level, operations, decision-making in the mining industry. We will use plain language and our standard technical glossary . Because of that, no mathematical knowledge is…

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Protecting Critical Infrastructure Against Cyber-Attacks

Riskope gave a talk on Protecting Critical Infrastructure Against Cyber-Attacks. The venue was in Switzerland, at the Geneva Dialogue 16th-17th of April 2012. That conference was indeed geared toward Protecting Critical Infrastructure Against Cyber-Attacks. The general theme is Critical Infrastructure Protection, Resilience Enhancement, Strategies for the Future. Participants came from Canada, China, various European countries, Mexico as well as the USA. Risk Management: steering your organization through difficult times Riskope presented “Risk Management: steering your organization through difficult times”. The…

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Avoid liabilities by using Optimum Risk Estimates

In one of our recent post we published a series of embarrassing questions that could arise in Court if you had used PIGs risk matrix…here is how to Avoid liabilities by using Optimum Risk Estimates and you would reply if you had used ORE instead. Questions and replies on ORE use 1) So, on which basis did you decide that the probability of the event was “medium” , and more importantly, how did you evaluate the probability of the events? By…

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Is it true that PIGS can fly?

Is it true that PIGS can fly? Despite their notoriety, Risk Matrices 5×5, Probability-Impact Graphs (PIGs), “Heat Maps”, have critical and potentially damaging intrinsic problems. That’s what Oboni Riskope Associates Inc. have learned thanks to two decades of Risk Assessments for extremely interesting and unusual projects awarded by a number of forward thinking clients. Is it true that PIGS can fly? When looking at Risk Assessments of operations, plants and even networks, we can affirm that PIGs (we will use…

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Arbitrary selections in Risk Management are a liability.

We can see a day when a case will be challenged in court against a company that used Probability Impact Graphs (PIGs risk matrix) for their risk assessment. The questions that could be asked will be horribly embarrassing and very damaging to the PIGs risk matrix’s user. Likely, they will tend to prove that the approach constituted a professional negligence. Perhaps due to the breach of Duty of Care. Indeed Arbitrary selections in Risk Management are a liability. A preliminary list…

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