Oftentimes we hear people objecting to quantitative risk assessments (QRA). Thus today we show three cases where quantitative risk assessment was paramount. Now, do not get mistaken, those are not the only cases where QRA is useful. However, they are particularly significant. Risk review of a mining mega project New projects are always exciting. Therefore their promoters oftentimes get emotionally attached to them to the point of forgetting that they may be exposed to significant risks. The use of codes…
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What lies ahead? Well, first of all we wish all the serene and fruitful 2022 we all deserve despite the uncertainties looming. Of course our thoughts go to those who in 2021 endured hardship both physical, mental and economic. May the future bring to you and your Families some solace. In these troubled times we keep a very high level of alert with respect to the global sanitary and geopolitical situation to steer toward safety. The situation is to say…
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Riskope’s ORE deployments generally include quantitative convergent business interruption risk profiles. These are based on “as usual” and, very importantly, on divergent scenarios. They allow for tactical and strategic corporate planning while facing, for example, climatic uncertainties. It is not rare to see a client smile at our scenarios descriptions. In particular, when they include hazards that may be interpreted as “far fetched”. Indeed, the dominos effects that intervene in those cases, due to the interdependencies within the considered system…
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In this post we look at the 1 way to reduce the number of Due Diligence blunders (DD) in Mergers & Acquisitions (M&A) and other transactions. Due Diligence Due Diligence (DD) is ubiquitously considered to significantly contribute to informed decision-making. That’s because it enhances the amount and quality of information available to decision makers to evaluate “all” costs, benefits, and risks of, for example, an acquisition, merger or an investment (Chapman, 2006). Due diligence definition is “reasonable steps taken by a…
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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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Mitigate the Risks linked to Employee Failure with Improved Recruitment and Selection Riskope thanks Lindsay Edwards for this contribution Many companies aroud the world consider the hazards linked to employee recruitment and retention as very significant. Here are some tips that will help you mitigate the risk linked to employee failure. Understand the need This involves optimizing job specifications and also being sure that you have a proper understanding of your business needs before you commence the recruitment process. The…
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We present our next endeavor: Course on Rational Risk and Crisis Management in Kuala Lumpur. This course is suitable for anyone who is involved in process hazards, risk quantification and preparation of 360 degrees, holistic, ISO 31000 compliant Risk Assessment for business, operations, projects. You can see the brochure and registration information here. Course on Rational Risk and Crisis Management in Kuala Lumpur The methodologies introduced in this course will greatly benefit money lenders, insurers in addition to corporate managers,…
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