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Bringing value to projects and operations is a goal that many pursue. Today we will discuss reliability enhancements as a possible way to add value. What is reliability? Engineers generally define Reliability as the quality of being trustworthy or of performing consistently well. Example: “the conveyor performance history gives me every confidence in its reliability” which basically means “I am not expecting a major failure”. So, in other words, if you get in your car, turn the ignition and the…
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We just rolled out our new course for businesses, entrepreneurs, startups. The title is Business tales, awe and success. Participants came from various business areas including mechanical engineering, green energy, automotive, wellness and health as well as engineering. Learn to write/rewrite your business story to plan for success. Embrace changes that will inspire awe and confirm your unique leadership. The two days event is an interactive and guided journey between literary analysis techniques. We also teach more advanced business decision making…
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Riskope will present in Toronto a three days course, September 23-24-25, for industries, money lenders and insurers Capitalize on expert knowledge to gain maximum value on these vital issues: IDENTIFY risks that really matter and have the potential to disrupt your business. CONVINCE money lenders that your business will be sustainable in a world of shrinking credits. DISCOVER issues that could lead to crises, possibly hampering your growth. PINPOINT threats that are lurking in any commercial contract, ready to bite…
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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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We gave a presentation in Toronto. We were at the CIM 2013 conference and the topic was Can we stop misrepresenting reality to the public? The discussion was of course set in the risks related to mining and extractions. Summary of the main points The main points made are summarized below. You will not: manage (your) capital if you do not understand risks. be able to make proper decisions if you do not understand risks and finally, able to operate if…
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On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises. This is not just a motto! Riskope can indeed help you solve numerous issues related to that statement. For example: insurance denial situations, add value to you existing risk assessments, enhance risk registers, develop ERM in an ingenious way. We could spell out as follows a subtitle. Let us take the best advantage of what you possibly have and deliver…
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Sustainability Assessment Protocol and Operation Risk Awareness and Preparedness Rating offer the subject to an interesting discussion. One of the challenges of Risk Assessments lies in defining proper metrics for the consequences of hazards hits. When the Risk Assessment bears on a well-defined facility, the task is relatively easy. Easier than if the study bears on large and multifaceted systems exposed to risks. Among these, for example copper theft or information warfare at national scale, or, similarly, if we are…
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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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