convergent Archives

Integrated and convergent risk approaches

Integrated and convergent risk approaches need some discussion. Are they so different? And what about the good old Enterprise Risk Management (ERM)? In our modern society, organizations require a 360-view across all business units, risks and compliance functions. ERM approaches should cover that. Experience shows that oftentimes ERM does not cover key business partners, suppliers and finally outsourced entities, the “Enterprise” (system) definition remains implicit. Thus there is no 360-view across business units, risks and compliance functions. Maybe that was…

Comparing water treatment processes lifetime risks using ORE

Comparing water treatment processes lifetime risks using ORE Comparing water treatment processes lifetime risks using ORE (© Riskope) offers unique advantages to owners, regulators and the public. As a matter of fact: ORE is a convergent quantitative risk assessment methodology. Convergent means that ORE looks simultaneously at all hazard sources. Thus it avoids pitfalls common in “silo-ed” approaches . It also covers a wide spectrum of hard and soft consequences (direct, indirect). ORE is scalable, meaning that it can follow a…