.Convergent Quantitative Cyber Risk Assessment to Optimize Enterprise Reliability will be the theme of our paper at CIM 2018 conference. Reportedly KPMG’s Toronto office produced a text entitled “Insights Into Mining” stating that mining companies “may be” underestimating the risk of cyberattacks. Indeed they consider this risk will increase as more companies embrace mining automation, IoT, etc. The report also emphasizes that mining executives believe based, like usual, on “feeling and perceptions” that innovation and the risk of disruption are…
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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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So, we are in a conceptual exercise today. We discuss how to apply Resilience and reliability concepts to Oroville Dam. We will stay away from numbers, as we do not know them. Oroville Dam system A catchment area of 3,607 sq mi (9,340 km2) brings water to the Feather River Valley upstream of the dam location. The Oroville dam bars the Feather River Valley mainly for water supply, hydroelectricity generation and flood control. The Dam’s design and building procedure complied…
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Mount Polley dam breach legal consequences will be heard for years to come. Imperial Metals (Vancouver, B.C., Canada), the owner of the breached dam, is reportedly suing the engineering companies Knight Piesold (KP) and Amec Foster Wheeler (AFW, formerly known as AMEC) for negligence and breach of contract over the August 2014 tailings dam failure at Mount Polley (B.C., Canada). The breach spilled 24Mm3 of tailings and water into nearby environment. Mount Polley dam breach legal consequences Reportedly Imperial Metals…
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Some Buzz-words and their meaning. Reliability A little bit of history and a couple definitions. There was a time where professors in good engineering schools around the world used to state that a chain is only as strong as its weakest link. Actually, most likely the Romans and many military engineers like Marechal de Vauban (who were also the first “serious” geotechnical engineers around ‘600-‘700, by the way) were also designing following that principle. The idea was: in a system…
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The Comparative Decision Analysis Economic Safety Margin CDA / ESM™ methodology has been developed by Riskope International and is used to compare project alternatives in financial terms, including: life’s cycle balance including internal and external risks over a duration selected by the client, project implementation and demobilization costs and risks. The methodology is a vital element of a Risk Based Decision Making (RBDM) approach in alternative / project / investment selection based on solid economic concepts, exempt of the well know…
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