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Five keys to healthy planning, project management that every manager needs, but only successful ones know.

Five keys to healthy planning, project management that every manager needs, but only successful ones know. Projects, particularly larger ones, are inherently risky due to long planning horizons and complex interfaces. Inevitable changes in management and workforce personnel during the project’s cycle increase uncertainties. They also generate unwanted additional risk exposures. Five keys to healthy planning, project management that every manager needs, but only successful ones know. May be you are among those who: Are concerned by poor risk identification and…

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How system definition and interdependencies allow transparent, and scalable Risk Assessments.

System definition and interdependencies allow transparent, and scalable Risk Assessments Any civil or military system, consists of nodes (Fig. 1) which receive, process or transform, and produce resources. The nodes are generally interdependent, as we shall see later in detail. By defining the system the context of the risk assessment is defined in compliance with ISO 310000. The system’s architecture must be carefully studied by people who intimately know the system . Risk assessment experts can only offer support in…

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Mount Polley Dam Breach: discussing Tailings Dam Failure Frequency and Portfolio Risk. Continued

Mount Polley Dam Breach: discussing Tailings Dam Failure Frequency and Portfolio Risk. Continued Mount Polley Dam Breach: discussing Tailings Dam Failure Frequency and Portfolio Risk. Continued. The mandate given to the expert panel forced them to consider all failures “equal”. Thus the risk equation became the simple expression of the probability of failure.  We have discussed how tolerance and risk engineering would apply to large portfolios of dams and other critical infrastructures. We also expressed our opinion in the aftermath…

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Toward the disappearance of corporate information silos effects

Disappearance of corporate information silos effects In 2014 we stressed in various posts how risk management has to encompass asset management. That’s a concept embraced by ISO 31000 and ISO 55000. It seems that ISO is also finally recognizing that QMS (Quality Management Systems) and information silos are incompatible. Moreover certainly not independently from Risk Management. Therefore ISO puts clear emphasis on Risk-based management. It should help to consider issues, determine risks and opportunities, define actions to address the risks, and…

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Failure Modes and Effects Analysis, FMEA risk methodology

Failure Modes and Effects Analysis, FMEA risk methodology risk matrix In our day to day practice we frequently see risk assessments methodologies stretched to «fit the clients’ case». In other words, users select improper tools to deliver results. This is a brief summary for the Failure Modes and Effects Analysis (FMEA) risk matrix one of the most common risk assessments methodologies. In the coming weeks we will review several of these methodologies and will end the review with a comparison. FMEA was one of the…

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Season’s Greetings from Riskope! Voeux de Saison par Riskope! Auguri di Stagione da Riskope. Buen Fin de Año y Feliz 2015

Season’s Greetings from Riskope! Voeux de Saison par Riskope! Auguri di Stagione da Riskope. Buen Fin de Año y Feliz 2015 CLICK THE PICTURE TO VIEW THE MOVIE! This year Riskope has decided to celebrate the Year End by proposing an animated Tale of King Provvidus, Riskopius, his trustworthy advisor and ORE, his faithful method. Season’s Greetings from Riskope! Voeux de Saison par Riskope! Auguri di Stagione da Riskope. Buen Fin de Año y Feliz 2015. This communication project has taken…

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Is America Facing a Cyber Crime Epidemic?

Is America Facing a Cyber Crime Epidemic? Riskope thanks Eve Pierce for her contribution. When affordable cars were introduced to the American public in 1908, Henry Ford unknowingly brought in a new form of crime – technology assisted crime. Bank robbers became impossible to catch, speeding away from the police on horseback in their new Model T Fords. However, as usual, the authorities caught up with the criminals, and police cars by the thousands were brought in to deal with the…

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Hazmat trains travel across the country since railroads exist…what are the risks

In follow-up of this post. Hazmat trains travel across the country since railroads exist…what are the risks? Accident b1) Each year various accidents occur, limited casualties occur, they are reported in local to national media, as “minor” accidents. For example CN train hauling dangerous goods derails near Clair, Saskatchewan or the two Union Pacific locomotives hitting head on, in Hoxie, Arkansas. Accident b2) One major, catastrophic accident occurs, a vivid one with “unthinkable” consequences (Lac Megantic, for example) Hazmat trains travel across…

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