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Kuala Lumpur, Malaysia, Course on Rational Risk and Crisis Management

We present our next endeavor: Course on Rational Risk and Crisis Management in Kuala Lumpur. This course is suitable for anyone who is involved in process hazards, risk quantification and preparation of 360 degrees, holistic, ISO 31000 compliant Risk Assessment for business, operations, projects. You can see the brochure and registration information here. Course on Rational Risk and Crisis Management in Kuala Lumpur The methodologies introduced in this course will greatly benefit money lenders, insurers in addition to corporate managers,…

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Public Communication, Consultation & Participation

Riskope thanks Susan Zabolotniuk for this contribution.  This post is a complement to the  Oboni, Oboni, Zabolotoniuk paper entitled “Can we stop misrepresenting reality t the public” presented at the CIM 2013, Toronto conference. It is about Public Communication, Consultation & Participation in the mining industry. It is normal that experts will disagree in their analysis of results, such as with probability or frequency estimates. Yet when the public disagrees with an expert risk analysis they are dismissed as emotional or lacking…

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Rejection of Pipeline Proposal and Shutdown of Grasberg Mine in Indonesia: different events, one common cause?

Rejection of Pipeline Proposal and Shutdown of Grasberg Mine in Indonesia: different events, one common cause? Two news have triggered the writing of this post: BC rejects oil pipeline proposal for Enbridge’s Northern Gateway and Freeport McMoRan Copper and Gold Grasberg Mine, Indonesia. That is the world’s largest gold mine and third largest copper mine. It could stay shut for two months after Indonesia minister calls for halt in the aftermath of a truck accident. It has been less than…

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Investing-in, Lending-to or Managing a Corporation: to what extent does the point of view influence the ERM decision making process ?

In this post we will see to what extent does the point of view influence the ERM decision making process. We deploy the ORE (Optimum Risk Estimates, (C)Riskope) methodology. We want to enable the comparison of Management and Corporate decision making at ERM (Entreprise Risk Management) level. We selected ORE because common practice risk assessment techniques lack the acumen to enable the discussion to proceed. Common practice risk assessment techniques include methods such as FMECA, FMEA, Probability Impact graphs, etc. To…

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Can we stop misrepresenting reality to the public?

We gave a presentation in Toronto. We were at the CIM 2013 conference  and  the topic was Can we stop misrepresenting reality to the public? The discussion was of course set in the risks related to mining and extractions. Summary of the main points The main points made are summarized below. You will not: manage (your) capital if you do not understand risks. be able to make proper decisions if you do not understand risks and finally, able to operate if…

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The Growth of Public Distrust

Riskope thanks Susan Zabolotniuk for this contribution. This post is a complement to the  Oboni, Oboni, Zabolotoniuk paper entitled “Can we stop misrepresenting reality to the public” presented at the CIM 2013, Toronto conference, is about The Growth of Public Distrust in the mining industry. Technical experts and the public strongly disagree in their analysis of environmental risks It is common that risk or technical experts and the public strongly disagree in their analysis of environmental risks, including industry-sponsored risk assessments.…

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Non esiste progresso senza errori

Riskope ringrazia Luca Calderan per questo suo contributo. “Il successo è la capacità di passare da un fallimento all’altro senza perdere l’entusiasmo.” (Success is the ability to go from one failure to another with no loss of enthusiasm)  Winston Churchill  Con queste parole si potrebbe cominciare il ragionamento di oggi su un argomento che è spesso fonte di angoscia e di vergogna nel panorama italiano: la possibilità di sbagliare e l’importanza dell’errore.  Spesso vi è infatti una credenza diffusa e…

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Maths make things simpler, rather than more complicated, bring clarity.

A discussion on LinkedIN entitled “Does anyone use Standard Deviation, Variance or similar measures to prioritise risks” prompted a reply we are now posting on the blog for our interested readers. It’s a bit technical, but it shows that maths make things simpler, rather than more complicated, bring clarity! Talking about clarity, let’s remember that the context of most of our work at Riskope is in downside risk, in various industries. When we refer below to “Consequences”, we are referring…

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