Season’s Greetings from Riskope! Voeux de Saison par Riskope! Auguri di Stagione da Riskope. Buen Fin de Año y Feliz 2015 CLICK THE PICTURE TO VIEW THE MOVIE! This year Riskope has decided to celebrate the Year End by proposing an animated Tale of King Provvidus, Riskopius, his trustworthy advisor and ORE, his faithful method. Season’s Greetings from Riskope! Voeux de Saison par Riskope! Auguri di Stagione da Riskope. Buen Fin de Año y Feliz 2015. This communication project has taken…
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Security: Balancing Risks and Rewards Riskope thanks Paige Calahan for this post. Bring your own device (BYOD) campaigns involve companies allowing employees to use their own smartphones, tablets and laptops for business. It’s a great perk for employees because they remain connected to their own gear with some financial compensation, and businesses receive more productive and satisfied employees. With all that activity between devices in a cloud computing space, BYOD can “compromise your company information if [employees] don’t have the…
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ALE, FMEA, FMECA, qualitative methods: is it really what we need!? discusses the evaluation of systems’ failure. An array of methodologies exist. Among these the are Failure Mode and Effects Analysis (FMEA) and the Failure Mode and Effects Criticality Analysis (FMECA). Many Risk Assessment use Annual Loss Expected (ALE) as a metric for impact or consequences. Impact analysis of every potential defect on functionality The essence of FMEA/FMECA is the impact analysis of every potential defect on functionality of the…
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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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Why Legal Negligence Test is not a Critical Test for an Operation ? Isn’t that an interesting question to discuss? Many recognize that, in its simplest form, Risk= (probability of a hazard occurring) x (Cost of consequences of the hazard hitting) The definition is available in Hiromitsu Kumamoto and Ernest J. Henley, Probabilistic Risk Assessment and Management for Engineers and Scientists, 2nd edition (New York: Institute of Electrical and Electronics Engineers, Inc., 1996), p. 2.). Therefore a company-wide risk can…
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Now it’s time to test the Risk and Crisis Evaluation Methodology we published back in 2008 on the BP Gulf of Mexico spill. We originally presented the methodology in our book (F. Oboni & C. Oboni, Improving Sustainability through Reasonable Risk & Crisis Management, 2007). Risk and Crisis Evaluation Methodology Let’s start with the probability of the spill. At Riskope we: are not oil experts, so can only assume that this accident, that various voices in the media declared as…
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Humanity’s risk profile is changing Long term risk mitigation plans at country wide scale can be measured. The elements of humanity’s global risk equation, which already seem, also thanks to media and informational pressures, to describe an ascending and worrisome trajectory, will change radically in the future (Financial Times, 2007). Among these changes we can cite: Some parameters of change Global climate change (natural hazards). The intensity/magnitude, probability and annual distribution of many natural hazards may change because of global…
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Introduction The aim of the CDA/ESM methodology is to enable communities, governments, design groups, corporations etc. to compare and evaluate projects in a transparent and objective way. The ultimate goal is of course to limit the chances of poor decisions, ruinous choices and industrial fiascoes when comparing projects or alternatives. Projects whose comparison/evaluation is amenable to the proposed methodology include, but are not limited to: Industrial processes (including information, IT & IP protection etc.) Civil infrastructure (buildings underground, above ground)…
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