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ORE2 tailings tactical and strategic

As stated earlier ORE2_Tailings™ allows to define in a clear, transparent, and reproducible way which risks are tolerable or intolerable. Among the intolerable risks ORE2_Tailings™ allows to define which risks are tactical and which ones are strategic. We discussed tactical and strategic planning for dam portfolio using ORE2_Tailings™  in https://www.riskope.com/2021/06/30/tactical-and-strategic-planning-for-dam-portfolio-using-ore2_tailings/.  In our reports we show that risks of the considered portfolio belong to a three families as follows: tolerable, meaning they are below the risk tolerance of the client. These…

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Oroville Dam risks became unmanageable?

In the case of Oroville dam, the population exposed to the potential dam failure has increased significantly. Normalization of deviance increased the probability of failure. So is it possible that Oroville Dam risks became unmanageable because of that? Oroville Dam risks became unmanageable? When looking at risk mitigation the old saying is that you can either lower the probability or lower the consequences. That statement requires some explanation. Indeed what mitigation alone can do is exclusively to reduce the probability of…

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Your neighbor’s (third party) operational hazards can generate risks requiring a strategic shift.

Your neighbor’s (third party) operational hazards can generate risks requiring a strategic shift. We live in a complex interconnected world which generates interdependencies some times very difficult to detect/understand. Interdependencies are of different kinds: physical, geographical, logical, cyber. Your neighbor’s (third party) operational hazards can generate risks requiring a strategic shift. Here are some examples of interdependencies The US Pentagon mistakenly sent live anthrax to at least nine labs in the US and to a US military base in South Korea…

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Investing-in, Lending-to or Managing a Corporation: to what extent does the point of view influence the ERM decision making process ?

In this post we will see to what extent does the point of view influence the ERM decision making process. We deploy the ORE (Optimum Risk Estimates, (C)Riskope) methodology. We want to enable the comparison of Management and Corporate decision making at ERM (Entreprise Risk Management) level. We selected ORE because common practice risk assessment techniques lack the acumen to enable the discussion to proceed. Common practice risk assessment techniques include methods such as FMECA, FMEA, Probability Impact graphs, etc. To…

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