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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Riskope presented at Infonex (https://infonex.com/ ) Quantitative Convergent ERM to Solve Real Life Problem. The conference was carried out on Zoom and the talks were, of course recorded. What is ERM? Enterprise risk management (ERM) is a plan-based decision-making support. It allows its users to enhance their tactical and strategic planning and therefore to increase competitiveness. Indeed, it aims to identify, assess, and prepare a project, corporation to cope with threats and hazards. Threats and hazards can occur with different…
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We explore today how insurance denial amid climate change will impact assets and other aspects of business. In particular, we think at fires like the Australian bushfires and Fort McMurray (Canada) fire in addition to increasing rains leading to flooding. These will undeniably be a ‘big drag’ on growth and have already generated invaluable losses to biodiversity. Furthermore, insurance denial will become a problem as we discussed back in 2016 and even as far as 2009. Insurance denial amid climate change…
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At the coming Tailings and Mine Waste conference (TMW2018) Riskope and MDA will jointly present a one day course entitled “Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands” Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands During the “Tailings 2.0: Space observation, quantitative risk assessment bring value and comply with societal demands” course we will review state of the art risk assessment methodologies and space observation technologies that together…
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Welcome to ORE2-Tailings dam analysis ORE2-Tailings dam analysis delivers value to the mining industry. In addition it supports communication between owners, regulators and the public. That is quickly and at affordable costs ORE2-Tailings dam analysis is beneficial for those who: design, permit, construct, operate, insure and finally, perhaps close,tailings/waste storage facilities in the mining and oil & gas extraction industry. Why ORE2-Tailings dam analysis? The key note lecture by Henry Brehaut at TMW2017 stated that “….clearly, the need emerges to develop…
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Riskope was contacted by a client to develop a Real life ISO 31000 compliant quantitative transport alternatives risk assessment example. The study was going to be used to support the decision among possible personnel transportation alternatives running between a country’s capital city and a remote operation. Real life ISO 31000 compliant quantitative transport alternatives risk assessment example. The operation had run a shuttle bus service for its personnel from and to the capital city for a decade with no major bus…
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