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Talking with People about Risks

While Talking with People about Risks it is not uncommon that people ask me what I do for a job. Once I tell them I am a Risk Management Consultant they ask: “do you work on financial risks?”. I generally reply that if they mean risks linked to banks I do not. However I quickly point out thar at the end of the day all risks are financial! If a lightning takes down the electric substation and your factory is…

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Missing the “big picture consequences”

The Italian Ministry of Health received a study from the National Institute of Health.  The study is entitled “Sentieri”. It shows that in the city of Taranto, Italy, there was a 10% mortality increase in the period 2003-2008 with respect to the general Italian average rate. Taranto is heavily contaminated, in particular by a large foundry. The trend reportedly confirms previous analyses, covering the period of 1995-2002. Those revealed mortality profile of the resident populations in sites belonging to the national list of…

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Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event

Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event planned in Edmonton, AB, on Oct 12, 2012. Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event Riskope’s talk will discuss Optimum Risk Estimates (ORE), as described in here (of course in Edmonton we will present a “non-mining” application). Riskope’s ORE allows to: Avoid the pit falls that lead to failed Risk Management implementations Build and design a robust ERM program Gain…

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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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Evolution of Risk Management and Risk Managers

Twenty years ago positions like “Risk Manager” were held by a “glorified secretarial”. We remember some senior corporate officers calling Risk Managers: “the insurance guy”! Indeed an Evolution of Risk Management and Risk Managers has occurred in twenty years! Twenty years later, lots of pain and efforts have brought the Risk Manager to V.P. level in many companies around the world. Many Risk Management Societies and non profit organization in the domain of risk management, claim, we believe rightly so,…

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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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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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