Enhancing Efficiency and Efficacy in Humanitarian Programs

Enhancing Efficiency and Efficacy When Enhancing Efficiency and Efficacy we often confuse efficiency and efficacy. Efficiency corresponds to an operation with a high result-versus-costs ratio, for example results vs. energy, time, and money. Efficacy characterizes an action with the power to produce an effect. Efficiency means doing as good a good a job as possible. Effectiveness means getting a result by doing the right job. Reportedly neither efficiency nor efficacy rank very high in the Humanitarian Programs industry, one that…

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Denial of Insurance Coverage plagues mining industry developments world wide

Mining Corporations need to properly prioritize risks, define possible alternatives for mitigation, and define reasonable insurance programs...Reasonable is key word, and it can be shown that oftentimes insurance contracts are far from optimal. This short article will tell you what to do and how to do it in relation to insurance policies! A recent study showed that large amount of money can be spared by applying proper approaches.

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Decision making process should be used everyday for more rational resources allocations. How come it is not a democratised process yet?

Complex mathematics and impervious literature might be the root cause of many professionals’ impression that quantitative risk assessment and the resulting risk-based decision making are to be used and constitute the exclusive domain of high-stake decision-makers. “Improving Sustainability through Reasonable Risk & Crisis Management” is the title of the 2007 Book published by Riskope to guide corporate managers to making better decisions, steer their projects across an ocean of uncertainties and make winning moves. The book has been written for…

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Kiss Approach To Risk Based Decision Making

Who doesn’t have to make decisions? Private decisions? Job related/business decisions? No matter your age, position, job, we all have to make decisions almost on a day to day basis. Decisions alternatives, even the straight forward ones, often have hidden/secondary effects, and most of the time are made more difficult by our perception, sentimental values etc. Large corporations sometimes use highly sophisticated procedures to support their decisions on capital expenditure, investments, processes, and yet, oftentimes, they realize afterwards that the…

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A case study taken from our day to day practice, is presented to show: a) how risk can be used as a key decision parameter and b) how the commonly used Net Present Value (NPV), can create distortions and biases when analyzing reclamation (or other) alternatives. A Case Study is presented to show that risks should be used as a discriminant parameter from the beginning of any project for successful long term planning and to manage rational decisions. CDA/ESM has…

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Saving Lives by Mitigating Risks along Roads and Highways

Eurosain (European Road Safety Institute) is devoted to Saving Lives by Mitigating Risks along Roads and Highways through pertinent application of hazard control/elimination and risk management of existing roads/highways and new road/highways projects. The Eurosain approach is road-safety-methodology-and-analysis and codes, and applies to developed countries as well as underdeveloped or developing countries which unfortunately bear an increasing and intolerable toll from road and traffic accidents. Saving Lives by Mitigating Risks along Roads and Highways Like for many hazards (including deseases and…

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Comparing Projects by Using Riskope’s CDA/ESM (Comparative Decision Analysis/ Economic Safety Margin)

Introduction The aim of the CDA/ESM methodology is to enable communities, governments, design groups, corporations etc. to compare and evaluate projects in a transparent and objective way. The ultimate goal is of course to limit the chances of poor decisions, ruinous choices and industrial fiascoes when comparing projects or alternatives. Projects whose comparison/evaluation is amenable to the proposed methodology include, but are not limited to: Industrial processes (including information, IT & IP protection etc.) Civil infrastructure (buildings underground, above ground)…

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A Classic Riskope Lecture Content

Classic Riskope Lectures content deal with Crises and Emergency Management by using numerous examples drawn from Oboni Riskope Associates Inc. day to day practice. As an introduction, reference is made to Fortune 500 surveys clearly indicating the supremacy of proactive, vs. reactive, corporations, yet showing that only a minority of the surveyed enterprises actually had a proactive stance. In the first part of the lecture, the Los Frailes Dam Failure (mining industry) and the Ford-Firestone tire separation (automotive-supplier) crises are…

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