A client considering a full scale ORE deployment asked for a risk assessment comparison on a system including 5 macro-elements in one of his processes. A risk assessment comparison on a system including 5 macro-elements The client wanted to compare a quantitative: common practice risk assessment result with risk assessment with ranges expressing probabilities and finally risk assessment where we would consider interdependencies between macro-elements. ORE deployment We estimated quantitative probabilities of failure of each macro-elements based on case histories…
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Discussing the differences between risk and resilience improvement studies. Let’s start by asking ourselves if our book « Improving Sustainability through Reasonable Risk and Crisis Management (Oboni F., C. Oboni,, ISBN 978-0-9784462-0-8, 2007) could instead bear the title “Improving Resilience through Reasonable Risk and Crisis Management “? First of all let’s note that some authors rightly consider and explicitly state that Risk Assessment/ Risk Management are the first step towards a resilience improvement study, and remain at the heart of…
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Sustainability Assessment Protocol and Operation Risk Awareness and Preparedness Rating offer the subject to an interesting discussion. One of the challenges of Risk Assessments lies in defining proper metrics for the consequences of hazards hits. When the Risk Assessment bears on a well-defined facility, the task is relatively easy. Easier than if the study bears on large and multifaceted systems exposed to risks. Among these, for example copper theft or information warfare at national scale, or, similarly, if we are…
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Our clients beat the trends. We are proud to contribute to their leadership. This blogpost discusses this issue. The trigger lied in reading a Deloitte’s report. As a matter of fact, we read with a lot of interest Deloitte’s report entitled: Tracking the trends 2011, The top 10 issues mining companies will face in the coming year. The issues We summarize below the issues highlighted in Deloitte’s report: 1 Financing 2 Volatility 3 Stakeholders engagement 4 Taxes, regulations and governments…
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When an article about “intuitive” or “impulsive” decision making and its numerous pitfalls gets out, we always check to make sure our services or applications would have allowed a better course selection. It is our duty, in our capacity of decision making support consultants, to make sure our services and applications are robust and would be beneficial to our clients. Governments are pulling on Green Energy Support part 2 Last week, in Scientific American of March 1st we read the…
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In Riskope’s day to day review jobs we notice a number of Pitfalls in Risk (Management) approaches. For example: Deficiencies and sometimes, to a lesser extent, excess in defining scenarios included in the analysis. The apparently “desperate need to use precise numbers” when dealing to quantitative analyses. That plays in favor of excessively fuzzy and confusing qualitative or indexed approaches. Users use them with the excuse that anyways “numbers will be wrong”. The irresistible need to delve into exceedingly complex…
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Operation Risk Awareness and Preparedness Rating (ORAPR) is a simple form following a multiple choice questionnaire format, to be filled by a key person or a committee well informed about the management practices and controls driving the company, division, operation, project to be evaluated. The benefits for the evaluated entity are considerable: the Operation Risk Awareness and Preparedness Rating (ORAPR) constitutes a very fast, easy, repeatable and inexpensive approach revealing global strengths and weaknesses of the management and leadership of…
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An Avatar can be either an embodiment (for example: “the Buddha is an avatar of the god Vishnu”) or the personification of a familiar idea (for example “the embodiment of hope”; “the incarnation of evil”, etc.). So it is fitting to say that Decision makers are Hamlet’s modern age Avatars. Hopefully they do not have to deal with a nasty uncle who murdered their father and married their mother, but often have to find answers to critical questions, which certainly…
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