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Tailings systems in mines are often the object of Risk Assessments. Unfortunately common practices in Risk Assessment, using PIGs (Probability Impact Graphs) are arbitrary, lead to confusing and fuzzy results, offer very little decision making support and misrepresent reality. After demonstrating these pitfalls, the presentation shows how to do better by using ORE (Optimum Risk Estimates), a methodology developed by Riskope.
Riskope has developed a proprietary application that allows to package ORE results into cockpits addressing top and mid-management concerns, allowing strategic integration of risks in corporate policies.