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Risk Assessments Strategy and Strategic planning

Risk Assessments Strategy and Strategic planning is inspired by a book entitled Strategy for Executives. In that book strategy is defined as “a compendium of deliberate choices that an organization makes to maximize its value over a given period of time”. Defining Strategy and meaning of risks We like the book’s dynamic definition of strategy. Moreover, it fits very well with our definition of strategic risks which derives from the use of explicit risk tolerance thresholds in the ORE methodology.…

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Integrating traditional knowledge in risk assessments

Lately we have been busy working on a mining related comprehensive risk assessment. Integrating traditional knowledge in risk assessments proved to be a significant skill as public records and other usually available data were almost non-existent. We use the adjective “comprehensive” for risk assessments covering multi hazards (earthquake, flood, man-made, etc…). The term also covers assessments with a variety of targets such as population, environment, as well as supply chain network elements. Various source of information When performing a comprehensive…

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