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Discussing our prior post on Asset Management and Risk Management

Asset Management and Risk Management ISO 55001:2014 specifies requirements for an asset management system within the context of the organization. It can be applied to all types of assets and by all types and sizes of organizations. It is also the third management system to be written in the new ISO consolidated “Annex SL” format. The very important news is that Asset Management has been transformed from an isolated activity (BS PAS 55) to an activity guided by the international…

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How to Build Robust Asset Management Plans that Prepare You for the Unexpected

Build Robust Asset Management Plans that Prepare You for the Unexpected Asset Management (AM) refers to any system that monitors and maintains things of value to an entity or group. If the entity is an Enterprise, then the acronym EAM is used to define Enterprise Asset Management. AM may apply to both tangible assets such as the physical elements constituting an infrastructure, but also to intangible concepts such as intellectual property and goodwill. AM is a systematic process of operating,…

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Riskope’s participation to the 2014 International Symposium on Business and Management

In this blogpost we discuss Riskope’s participation to the 2014 International Symposium on Business and Management. Riskope’s participation to the 2014 International Symposium on Business and Management We decided Riskope’s participation to the 2014 International Symposium on Business and Management in Nagoya last winter. We strongly believe that our proprietary Optimum Risk Estimates (ORE) methodology has to be brought to the attention of an increasing number of industries and decision-makers world-wide. ORE allows to enhance governance and leadership. It transforms…

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Let’s define Strategic, Tactical and Operational planning.

Strategic planning is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. Generally, strategic planning deals, on the whole business, rather than just an isolated unit, with at least one of following three key questions: “What do we do?” “For whom do we do it?” “How do we excel?” For example, the first and third questions are those that motivate an acquisition. Acquisitions are thus strategic choices. Typically strategic…

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Answer to cognitive biases, oversimplified assessments, vanishing flights and real life lessons

Answer to cognitive biases, oversimplified assessments, vanishing flights and real life lessons We were delighted to receive the following comment related to our last post  on LinkedIn: Answer to cognitive biases, oversimplified assessments, vanishing flights and real life lessons: “… Your story captures very well the resultant false sense of security that can develop from the very success we all work so hard to achieve. Another dimension is the dangerous thought that we can survive the unthinkable event. This can…

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Cognitive biases, oversimplified assessments, vanishing flights and real life lessons

Cognitive biases, oversimplified assessments, vanishing flights and real life lessons It was a late afternoon in Tokyo, back in the year 2000. I was giving a presentation to a small group of executives from an Japanese airline. 9/11, Air France 447 and Malaysian Airline MH370 had not occurred yet. The subject, I am sure you’d guessed right, was risk management. I was talking about probabilities of events and long chains of small deviations that can lead to accidents. All of a…

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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

Deal failures and their consequences in the mining industry vs. environmental catastrophes After this post showing the share values at 5 years for Hess Corp.,ConocoPhillips,  Royal Dutch Shell plc (ADR),Chevron Corporation and  BP plc (ADR) some of our careful reader have commented that we forgot Exxon as a major oil company. We are going to compare the deal failures and their consequences in the mining industry vs. environmental catastrophes. Indeed if we graph the previous companies including Exxon we see that both BP and Exxon`share…

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Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes

Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes In the last couple years the mining world has been shaken by a series of large “sour deals”. Among these “deal failures” consequences we can note the following “corporate casualties”. Here is a Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes: Cynthia Carroll CEO of Anglo American said she would quit in Fall 2012. Not long after Marius Kloppler, the…

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