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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Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. The Answer to specific requests. Riskope were indeed recently asked to provide a comprehensive five day course addressing Risk and Crisis Management, Risk Based Decision Making, Project Evaluation for top managers and key personnel at Investment Banks, Oil & Gas, Energy and Transportation. Riskope 5 day course on Risk and Crisis Management for top managers and key personnel. Although companies willing to commit the resources…
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Our judgements are clouded by prejudices and misconceptions. Indeed, we humans often assess the probability of an event by asking ourselves if there are “cognitively available” examples. Those are readily available through memory as Kahneman (Nobel Prize in Economics) and Tversky demonstrated in a series of papers published between 1971 and 1984. Among those papers the most popular is likely the one entitled “Prospect Theory”,1979 quoted at page 212 in our book. Availability heuristic The phenomenon highlighted by Kahneman and…
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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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Risk Based Decision Making We would like to show you two examples of Phase I Risk Based Decision Making. Phase I means that a preliminary decision is made based on Risk Prioritization alone. That is without financial comparative evaluations of the alternatives using CDA-ESM. In other words without evaluating the long term cost of the alternatives including upside and downside risks. When users include risks in long term cost estimates they refer to the procedure as risk adjusted cost The…
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Today we discuss how to rationally select among alternatives in long term projects with CDA-ESM. This post is companion to the already published: How to get the most out of (Vegetable) Waste Oil for your Small or Medium Business. How to rationally select among alternatives in long term projects with CDA-ESM CDA-ESM can help you to select the best option. CDA-ESM is about rationally select among alternatives in long term projects with CDA-ESM. We use an ”average sized” fast food restaurant…
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Risk Based Decision Making in Mining Webcast This Risk Based Decision Making in Mining Webcast course is the perfect alternative for busy professionals! Attend these live sessions from your workstation at home or in the office. Prior to the course you will have access to online e-learning material which will increase your understanding and appreciation of the webcast. This course also contributes to your Continuing Professional Development (CPD)! Summary This course introduces a unified transparent approach to risk and crisis management…
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On April 14th 2010 Franco is invited to give a half-day long short course at a mining conference in Santiago de Chile. More information here (in Spanish) Similar short courses (customized to your company’s needs) can be organized world-wide, or you can opt for a remote-education solution, as explained here (in English). In February 2010 there will be a 3×2.5hrs webcast by Cesar and Franco, organized by Edumine, from Vancouver. Let us know if you are interested. Examples of courses…
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