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ISO 31000 IEC, ISO 31010 and Tolerance, Risk Ranking, Crisis and Reputational Impacts

  Back in 1999, we were giving on a regular basis a course at UBC (Continuing Education, University of British Columbia). It was entitled “Design of Risk Management Systems”. Later, in the book entitled Improving Sustainability through Reasonable Risk and Crisis Management ( A guide to Making Better Decisions ISBN 978-0-9784462-0-8) we promoted a strong linkage between Risk Management and Crisis Management. We also stresse the need for robust, science based, risk ranking methodologies. Today we will look at ISO 31000 IEC,…

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Looking Back To Move Forward – The Risk Analysis Legacy of The TITANIC

Looking Back To Move Forward – The Risk Analysis Legacy of The TITANIC: Riskope thanks Evelyn Ramsey for this interesting post. This post is less a history of the disaster of the Titanic and more an insight into the incident’s legacy. Indeed the incident left to future risk analysis professionals a number of unsolved questions. We used public sources for all data and information and we identify this where relevant. Looking Back To Move Forward – The Risk Analysis Legacy…

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L’Aquila earthquake verdict explained from Risk Crisis Management point of view

Data for this “L’Aquila earthquake verdict explained from Risk Crisis Management point of view” summary have been gathered through media and publicly available records. Details we consider “irrelevant”  for this discussion on L’Aquila earthquake verdict explained from Risk Crisis Management point of view have been omitted because of space limitations. We will start this post by summarizing the tragic tale of L’Aquila, a city featuring many historic public buildings and centuries old residential structures located in Italy, a country where retrofitting of…

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Riskope 5 day course on Risk and Crisis Management for top managers and key personnel.

Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. The Answer to specific requests. Riskope were indeed recently asked to provide a comprehensive five day course addressing Risk and Crisis Management, Risk Based Decision Making, Project Evaluation for top managers and key personnel at Investment Banks, Oil & Gas, Energy and Transportation. Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. Although companies willing to commit the resources…

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Cree valor en su empresa minera por medio de una integración estratégica de conocimiento y escenarios de riesgos con Estimaciones óptimas de riesgo (ORE)®

La gestión de riesgos mineros solía ser una cuestión de “conformidad” o de “minimización de pérdidas”, algo en lo que se pensaba después, no una herramienta para crear valor en la mineria. Las mineras interpretaban los resultados de las Evaluaciones de Riesgos con Gráficos de Impacto Probabilístico (pérdidas) confusos (conocidos como PIG), que a menudo eran engañosos y que en realidad no promovían ni incrementaban una comprensión holística del ambiente de negocios y de los tanques de relaves/colas. Cree valor…

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Pyramids, Archaeology & Toxic Wastes. Lessons drawn from history with a risk management perspective.

If you think we have lost our minds, here is the background for this post. At Riskope we see Risk Assessments for “at perpetuity” projects. Those are projects that should last “forever” and/or receive “perpetual care”. These project bear on the storage of wastes containing toxic compounds. Not necessarily radioactive material, but materials that are difficult to neutralize and/or recycle. Here we explore Toxic Wastes. Lessons drawn from history with a risk management perspective. So, a natural question that comes to…

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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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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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