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On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises.

On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises. This is not just a motto!  Riskope can indeed help you solve numerous issues related to that statement. For example: insurance denial situations, add value to you existing risk assessments, enhance risk registers, develop ERM in an ingenious way. We could spell out as follows a subtitle. Let us take the best advantage of what you possibly have and deliver…

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What Fukushima (2010) nuclear accident, the Twin Towers (9/11) terror attack, deadly traffic accidents and Aquila earthquake (Italy), hurricanes have in common?

In this blogpost we attempt an update of Whitman’s and ANCOLD tolerance/acceptability curves. These link casualties from man-made or natural catastrophes, large dams failures to a “tolerable” annual probability. The attempt shows evidence for a G8-wide societal acceptability which has only slightly changed since the original studies by Whitman..   We have already discussed many times how well-balanced and sustainable decisions can only be taken if risks are compared to properly defined risk tolerance /acceptability criteria. Comparison of various risk…

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Our clients beat the trends. We are proud to contribute to their leadership.

Our clients beat the trends. We are proud to contribute to their leadership. This blogpost discusses this issue. The trigger lied in reading a Deloitte’s report. As a matter of fact, we read with a lot of interest Deloitte’s report entitled: Tracking the trends 2011, The top 10 issues mining companies will face in the coming year. The issues We summarize below the issues highlighted in Deloitte’s report: 1 Financing 2 Volatility 3 Stakeholders engagement 4 Taxes, regulations and governments…

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ALE, FMEA, FMECA, qualitative methods: is it really what we need!?

ALE, FMEA, FMECA, qualitative methods: is it really what we need!? discusses the evaluation of systems’ failure. An array of methodologies exist. Among these the are Failure Mode and Effects Analysis (FMEA) and the Failure Mode and Effects Criticality Analysis (FMECA). Many Risk Assessment use Annual Loss Expected (ALE) as a metric for impact or consequences. Impact analysis of every potential defect on functionality The essence of FMEA/FMECA is the impact analysis of every potential defect on functionality of the…

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Why Legal Negligence Test is not a Critical Test for an Operation?

Why Legal Negligence Test is not a Critical Test for an Operation ? Isn’t that an interesting question to discuss? Many recognize that, in its simplest form, Risk= (probability of a hazard occurring) x (Cost of consequences of the hazard hitting) The definition is available in Hiromitsu Kumamoto and Ernest J. Henley, Probabilistic Risk Assessment and Management for Engineers and Scientists, 2nd edition (New York: Institute of Electrical and Electronics Engineers, Inc., 1996), p. 2.). Therefore a company-wide risk can…

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Toma de decisiones basada en el riesgo con ejemplos concretos y reales (Estudios de Casos)

Este curso presenta un enfoque transparente y unificado para la gestión de riesgos y crisis, y analiza la relación entre los riesgos financieros y no financieros. Se trata de la evolución de los enfoques cualitativos y cuantitativos en la evaluación de riesgos, la forma de presentar los riesgos de una manera clara y transparente, y cómo utilizar su programa de gestión de riesgos para obtener el máximo valor para Usted y su empresa. También se presenta la gestión de crisis,…

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Prise de décisions basées sur les risques avec exemples concrets et réels (Etudes de Cas).

Ce cours présente une approche unifiée et transparente de la gestion des risques et des crises, il explore le lien entre ce qu’on appelle les risques financiers et les risques non financiers. Il couvre l’évolution des approches qualitatives et quantitatives dans l’évaluation des risques, la façon de présenter la prise de risques d’une manière claire et transparente, et la façon d’utiliser votre programme de gestion des risques pour obtenir une valeur plus sure de votre entreprise. Ce cours présente également…

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Operation Risk Awareness and Preparedness Rating (ORAPR)

Operation Risk Awareness and Preparedness Rating (ORAPR) is a simple form following a multiple choice questionnaire format, to be filled by a key person or a committee well informed about the management practices and controls driving the company, division, operation, project to be evaluated. The benefits for the evaluated entity are considerable: the Operation Risk Awareness and Preparedness Rating (ORAPR) constitutes a very fast, easy, repeatable and inexpensive approach revealing global strengths and weaknesses of the management and leadership of…

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