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Riskope Interviewed by Endeavor Magazine

 I was delighted to have Riskope Interviewed by Endeavor Magazine. Indeed Alice Instone-Brewer of Littlegate Publishing and I chatted for over an hour. The resulting  interview appears in their Endeavor Magazine, December issue, page 33, https://www.littlegatepublishing.com/2021/11/endeavour-magazine-december-2021/. Riskope Interviewed by Endeavor Magazine: Calculated Risk Alice selected “Calculated Risk” as a title for the interview. Although at first sight the title may seem as a “déjà vu”, I gladly accepted it. Because it clearly states what we do for our clients. Indeed,…

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Convergent quantitative Entreprise Risk Management on Divergent Risks

Convergent quantitative Enterprise Risk Management on Divergent Risks is an extension of our recent discussion on business interruption risk profiles. The example we discuss is present in: our last book Convergent Leadership-Divergent Exposures Climate Change, Resilience, Vulnerabilities, and Ethics an article at CIM 2021 about Concentrate Transportation From Mine to Market is Critical to Mines’ Profitability Setting the scenario for Convergent quantitative Entreprise Risk Management on Divergent Risks Suppose a corporation owning and operating three chemical plants sends their products…

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Business interruption risk profiles

Riskope’s ORE deployments generally include quantitative convergent business interruption risk profiles. These are based on “as usual” and, very importantly, on divergent scenarios. They allow for tactical and strategic corporate planning while facing, for example, climatic uncertainties. It is not rare to see a client smile at our scenarios descriptions. In particular, when they include hazards that may be interpreted as “far fetched”. Indeed, the dominos effects that intervene in those cases, due to the interdependencies within the considered system…

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Data required to run ORE2_Tailings

Now that the last eight blogposts (General ORE2 tailings workflow, ORE2 tailings technical explanations, first steps ORE2 tailings workflow , ORE2 tailings deployment steps , ORE2 tailings results, ORE2 tailings RIDM , ORE2 tailings tactical and strategic, ORE2 tailings conclusions) have shown the capabilities and results, let’s see the data required to run ORE2_Tailings quantitative risk assessments compliant with GISTM and ISO 31000. A few words on ORE2_Tailings™ methodology ORE2_Tailings™ is a subset of the “universal” ORE platform specific to Tailings…

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ORE2 tailings tactical and strategic

As stated earlier ORE2_Tailings™ allows to define in a clear, transparent, and reproducible way which risks are tolerable or intolerable. Among the intolerable risks ORE2_Tailings™ allows to define which risks are tactical and which ones are strategic. We discussed tactical and strategic planning for dam portfolio using ORE2_Tailings™  in https://www.riskope.com/2021/06/30/tactical-and-strategic-planning-for-dam-portfolio-using-ore2_tailings/.  In our reports we show that risks of the considered portfolio belong to a three families as follows: tolerable, meaning they are below the risk tolerance of the client. These…

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ORE2 tailings results

We use archival information to formulate the ORE2_Tailings™ quality note and causality analysis. This includes site visits (when possible and if agreed), photographic historic documentation. Of course information will evolve in time, as new data may become available. Thus, one can use ORE2 tailings results to decide which aspects of the life of a considered structure to study. ORE2_Tailings™ results encompass various dam body’s probabilities. They correspond to the FoS yielded by available engineering analyses and the causality analysis. Here…

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ORE2 tailings deployment steps

ORE2 Tailings deployment steps: 5.1 Failure definition We designed ORE2_Tailings™  to support RIDM for tailings dams portfolios reliability enhancements. One achieves reliability by reducing failure likelihood to a certain level, and risks are tolerable. Thus it is necessary to clearly state what one considers the success of a structure within the portfolio. Indeed, unless we clearly define success, failure remains an ambiguous term.   ORE2_Tailings™ considers a dam successful if it: stands as built and does not break allowing for…

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General ORE2 tailings workflow

ORE2_Tailings™ is a quantitative risk assessment platform. Riskope designed it specifically for tailings systems (active and inactive). When we deploy ORE2_Tailings™ to a portfolio of dams, possibly over multiple properties, it allows for tactical and strategic planning. Our practice has shown that ORE2_Tailings™ and the general ORE2 tailings workflow, delivers results similar to those of common practice quantitative approaches (Event trees, Failure trees, Bowties). Furthermore ORE2_Tailings™  enables answering specific questions linked to the causality of potential failures, optimization of cost…

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