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Risk tolerance thresholds

Everyone has a different pain threshold and likewise, everyone has different risk tolerance thresholds. We use the plural because each one of us has various thresholds, for example, a perceived one and a financial one. Your risk and risk tolerance thresholds made simple Anyone of us, every-day decides to undertake some activities and consciously or unconsciously assumes risks we consider acceptable/tolerable or sometimes intolerable.Think about various activities: Hunting, fishing, driving a heavy vehicle, and finally cooking in one’s house. They…

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Antifragile resilient solutions for tactical and strategic planning

We recently discussed with a client Antifragile resilient solutions for tactical and strategic planning. The theme is interesting and warrants publication this week as it raises a number of interesting issues. We use Rx to indicate our client’s Remarks, and Ax to indicate the our related Answers. Fragile – Robust – Antifragile systems R1) I think there is value in characterizing systems into the three groupings that Taleb presented. That is, Fragile – Robust – Antifragile. Because it gets engineering…

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Notes on Global Tailings Standard Draft for Public Consultation

In follow-up to Aidan Davy’s (ICMM) keynote session at TMW2019, here are our Notes on Global Tailings Standard Draft for Public Consultation. To this date the three co-conveners (UNEP, ICMM and PRI) reportedly did not endorse the draft. Positive Notes on Global Tailings Standard Draft for Public Consultation We found the current draft to be an overall well written document. It encompasses important points on: human rights (see chapter 5 on “what people want” in our latest book) conflict of…

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Can we learn from our failures?

Today we explore under which conditions can we learn from our failures? In our society we oftentimes say that we benefit from failure, mostly in terms of lesson learned, allowing for better future decisions. System are continuously exposed to failure As Johnny Cash  stated : “You build on failure. You use it as a steppingstone. Close the door on the past. You don’t try to forget the mistakes, but you don’t dwell on it. You don’t let it have any…

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Performance objectives and indicators of Tailings dams with Space observation

Some of our readers are all about Performance objectives and indicators of Tailings dams with Space observation. They work in the imagery and space observation industry. As a result they asked some questions about our book Tailings Dams Management for the Twenty-First Century. Google Earth, image date 10/4/2018 We thought it would be interesting to publish the Q/A session. Q/A session on Performance objectives and indicators of Tailings dams with Space observation Q1: With reference to your book can you…

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Tailings Dam Management for the Twenty-First Century

Tailings Dam Management for the Twenty-First Century discusses a comprehensive approach to address the need to improve the: design of tailings dams, management and finally regulation of tailings management facilities. The aim is to explore what What Mining Companies Need to Know and Do to Thrive in Our Complex World. The book summary, ToC are available at https://www.springer.com/gp/book/9783030194468. Tailings Dam Management for the Twenty-First Century Tailings Dam Management for the Twenty-First Century discusses what the public seeks in terms of:…

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Riskope’s new book Tailings Dam Management for the Twenty-First Century

Riskope’s new book Tailings Dam Management for the Twenty-First Century is in print. This book is based on over thirty years of world-wide consulting experience, relentless methodological research and development, prior books, courses, seminars delivered to corporate key stakeholders, public and governmental agencies, public hearings, expert witnessing in civil and criminal courts, and over fifty technical papers. Its purpose is to identify and describe risk assessment approaches and risk management practices mining must implement to develop a positive path forward. That is…

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One of the Best Online Business Analyst Courses uses Riskope definitions.

We are happy to see One of the Best Online Business Analyst Courses uses Riskope definitions. The course entitled Three Emerging Careers for Business Analysts from udemy teaches to define strategic, tactical and operational business planning techniques, audiences, and results. One of the Best Online Business Analyst Courses uses Riskope definitions. The course by Tom and Angela Hathaway ranks among the seven best business analyst courses following Webcourse World. Business analysis aims to define a future that will allow an organization to achieve…

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