tolerable risks Archives

Tolerable risk thresholds

Tolerable risk thresholds, aka risk tolerance are always project and owner-specific. They indicate the level of risk which has been deemed acceptable for a specific project or operation. Furthermore, tolerable risk thresholds and appetite for risk is quite different for various key stakeholders, for instance: Mine owner, Regulatory Bodies, Adjacent Communities, etc. So how can one manage the sometimes divergent tolerable risk thresholds between stakeholders? Additionally, a topic that comes regularly in the mining world is diverging risk tolerance among…

Business startups success show stoppers and tolerable risks

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…