Comparing water treatment processes lifetime risks using ORE Comparing water treatment processes lifetime risks using ORE (© Riskope) offers unique advantages to owners, regulators and the public. As a matter of fact: ORE is a convergent quantitative risk assessment methodology. Convergent means that ORE looks simultaneously at all hazard sources. Thus it avoids pitfalls common in “silo-ed” approaches . It also covers a wide spectrum of hard and soft consequences (direct, indirect). ORE is scalable, meaning that it can follow a…
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Business startups success show stoppers and tolerable risks This is a follow up on last week’s post showing how ORE can evaluate business startups success, show stoppers and tolerable risks. Indeed, ORE showed quantitatively where the a priori: “party-breakers”, “underlying assumptions” as well as “key success elements” were in each case. Thus it allows to avoid those pitfalls. The success and failure probabilities were in good agreement with a Kaufmann Foundation study. For the portfolio analysis we have now to look at…
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A discussion on LinkedIN entitled “Does anyone use Standard Deviation, Variance or similar measures to prioritise risks” prompted a reply we are now posting on the blog for our interested readers. It’s a bit technical, but it shows that maths make things simpler, rather than more complicated, bring clarity! Talking about clarity, let’s remember that the context of most of our work at Riskope is in downside risk, in various industries. When we refer below to “Consequences”, we are referring…
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