The Oroville Dam Spillway Incident Report became public in January 2018. The story it tells is remarkably similar to the one we assumed, based on publicly available information in the aftermath of the accident. As risk advisers and managers we discuss below the various statements in the Oroville Dam Spillway Incident Report. We aim at highlighting risk biases and potential management changes to avoid similar developments. Oroville Dam Spillway Incident Report Conclusions Commented The Independent Forensic Team Report made a number…
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UNEP Tailings Dams report and residual risk assessment discusses the joint UNEP-GRID Arendal assessment entitled “Mine Tailings Storage: Safety Is No Accident” from a risk assessment point of view. The United Nations Environment Programme (UNEP) released the report in October 2017 in Geneva. The report urges States and the industry to “end deadly and damaging mining waste spills by enforcing a zero-failure objective”. We believe that this objective requires some additional definitions and details. That is to make it truly…
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We just rolled out our new course for businesses, entrepreneurs, startups. The title is Business tales, awe and success. Participants came from various business areas including mechanical engineering, green energy, automotive, wellness and health as well as engineering. Learn to write/rewrite your business story to plan for success. Embrace changes that will inspire awe and confirm your unique leadership. The two days event is an interactive and guided journey between literary analysis techniques. We also teach more advanced business decision making…
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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 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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Consumer trust, consumer experience and risk management A recent article by Michael Lowenstein indicates that customer trust “is the connective tissue that holds customers, brands, and enterprises together; and, without trust, these connections would quickly dissolve.” Over the last few years Riskope have spent a lot of R&D funds and efforts to study the relationship between public perception of risks, risk assessments and crises developments, coming to the same conclusions. If trust is not built through at least: transparent and rational risk assessments,…
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Security: Balancing Risks and Rewards Riskope thanks Paige Calahan for this post. Bring your own device (BYOD) campaigns involve companies allowing employees to use their own smartphones, tablets and laptops for business. It’s a great perk for employees because they remain connected to their own gear with some financial compensation, and businesses receive more productive and satisfied employees. With all that activity between devices in a cloud computing space, BYOD can “compromise your company information if [employees] don’t have the…
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We present our next endeavor: Course on Rational Risk and Crisis Management in Kuala Lumpur. This course is suitable for anyone who is involved in process hazards, risk quantification and preparation of 360 degrees, holistic, ISO 31000 compliant Risk Assessment for business, operations, projects. You can see the brochure and registration information here. Course on Rational Risk and Crisis Management in Kuala Lumpur The methodologies introduced in this course will greatly benefit money lenders, insurers in addition to corporate managers,…
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We gave a presentation in Toronto. We were at the CIM 2013 conference and the topic was Can we stop misrepresenting reality to the public? The discussion was of course set in the risks related to mining and extractions. Summary of the main points The main points made are summarized below. You will not: manage (your) capital if you do not understand risks. be able to make proper decisions if you do not understand risks and finally, able to operate if…
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