Capex Archives - Riskope

Resilience cannot be based on instinctual decision-making

Resilience cannot be based on instinctual decision-making. Instead it should rely on forward looking risk assessments to avoid squandering private and public money in useless Capex. Do we need resilience enhancements? The Canadian government pledged a budget of 40M$ over five years to integrate climate resilience into building design, guides and codes. It’s certainly a wise move as codes customarily rely on statistics, business like usual, and experience. None of those approaches is robust enough to cope with climate changes…

Integrating Mitigations with redundancies in an Industrial Process

Integrating Mitigations with redundancies in an Industrial Process is an important aspect of our activities that directly benefits clients. Integrating Mitigations with redundancies in an Industrial Process Riskope was recently asked to review a risk assessment for an industrial process undergoing major expansion and upgrades. Prior HAZOP and FMEA for the proposed facility existed. Neither gave the client required comfort that design decision-making represented an optimum. Riskope started by facilitating the definition of the operation’s success criteria, its metric, and…