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Risk and Crisis Management lessons, and example, from history OK, so in this blog we talk about risk management, risk communication, crisis management and other modern ideas, right? Well let’s talk about these “modern ideas” that actually arose in Rome two thousand years ago. Reportedly the first “Tiber River Management Authority” (Curator alvei Tiberis) was established by Emperor Augustus during a general restructuring of Roman administrations in charge of “highways”, water, fire protection and police. Under this new management concept…
Read MoreIn 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…
Read MoreFrance and Belgium is still contaminated by remnants of war, UXOs and toxic chemical compounds There is an area a few kilometers out of Verdun where trees do not grow. Only a few lichens and musks survive there. The few in the know call it “La Place à Gaz” (the Gas Place). Hundred of thousands of UXO were brought there at the end of the conflict from the infamous WWI battle fields to be “neutralized”. As a matter of fact,…
Read MoreA new paper by Riskope: Pyramids, Toxic Wastes & Nuclear Reactors Containments. A Lesson Drawn from History with a Risk Manager Perspective. Pyramids, Toxic Wastes & Nuclear Reactors Containments. A Lesson Drawn from History with a Risk Manager Perspective Riskope wrote a paper for the IAEG XII Congress – Torino, September 15-19, 2014. The paper abstract is the following: Risk Assessments for “perpetuity” (geo-engineering) projects, i.e projects that should last “forever” and/or receive “perpetual care”, are raising in number and criticality. These project oftentimes…
Read MoreTeaching Risk and Crisis Management. What has changed In a few months Riskope will celebrate another important anniversary. In 2012 we celebrated two decades of risk and crisis management, decision making support and consulting. In spring 2014 we will reach fifteen years of specialized courses and seminars on the same subject. As we found in our archives the Table of Content of the course we were giving at University of British Columbia (continuous education) UBC in 1999 we decided to…
Read MoreWhat to do instead than common practice Probability Impact Graphs and FMEA Consider this a summarized guide to introduce you to the procedure to avoid obsolete and flawed common practice approaches. What to do instead than common practice Probability Impact Graphs and FMEA? In fact, you can find information on the “rules” for proper risk assessment here an interesting white paper entitled “What you need to know about Risk Management methods” here. The white paper presents the benefits and limitations of…
Read MoreToday we discuss Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Critical Decisions, Perpetuity Projects, Public Opposition. Aspects of Risk Tolerance, Manageable vs. Unmanageable Risks in Relation to Critical Decisions, Perpetuity Projects, Public Opposition Riskope is writing a paper following this Abstract. In 2014, we will find a suitable Conference in Canada where to publish it. The paper builds on case studies from prior papers. For example Can We Stop Misrepresenting Reality to the Public and Factual and…
Read MoreReviewing Car accidents, cold, more examples of biased and misleading FMEA/PIGs results adds to prior information published in this blogpost. In particular we show how results of a Risk assessment matrix 5×5 or 4×4 can actually cloud our judgement. Car accidents, cold, more examples of biased and misleading FMEA/PIGs results Dear X, Thank you for asking us to review your draft Risk Assessment for the ACME Inc. operation. I reviewed your FMEA/PIG risk matrix 4×4 and have the following remarks. Note if…
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