Archives

What is the validity of your risk forecast?

When talking to potential customers we oftentimes hear “ What is the validity of your risk forecast? ” What they mean is actually “how precise” our numbers are. That type of questions generally comes from individuals that confuse risk assessment with divinatory arts. They do not recognize that performing a risk assessment is completely different than reading a crystal ball. Another common objection comes from people that claim that no one can evaluate probabilities of events because of complexities, etc.…

Read More

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…

Read More

Archive

Hosted and powered by WR London.