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Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits 6 pptx

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_1 pptx

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_1 pptx

... 2000, p. 33.Introduction / xix 367 2 P-00[FM] 5/3/01 2:08 PM Page xix Triple Bottom Line Risk Management Enhancing Profit, Environmental Performance, and Community Benefits Adrian R. BowdenMalcolm ... Risk Treatment Strategy 107 Risk Treatment Actions 107 Risk Sharing and Risk Transfer 107 Risk Reduction 109 Risk Acceptance 111Implementation 113 Risk Management Systems 1 16 Summary 1199 Benefits ... vii 367 2 P-01 5/3/01 2:10 PM Page 2Strategy Development 2 56 Disclosure: SAB 92 262 Summary 265 17 Asset Management: Water, New Zealand 267 Background 267 Project Setting 268 Risk Identification and...
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Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_4 pot

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_4 pot

... add-ins, such as the Microsoft Excel™add-ins Crystal Ball™ and @Risk . 66 / Stage 3: Analyze the Risk 367 2 P- 06 5/3/01 2:24 PM Page 66 ... understanding of risk. (Indeed, probabilistic expressions ofCalculate Risk Quotient / 73 367 2 P- 06 5/3/01 2:24 PM Page 73 367 2 P-05 5/3/01 2:22 PM Page 64 approach to use can be arbitrary. The risk ... total risk of risk reduction measures for specific risk events. Figure 6. 5 is an example of a proportional risk profile produced for the mining example.74 / Stage 3: Analyze the Risk 367 2 P- 06 5/3/01...
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Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_6 pptx

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_6 pptx

... advantages and disadvantages and benefits and costs• Recommended risk reduction action, including statements of its benefits (why) and constraints (residual risk) • Details of the risk action ... risk events Risk Management StrategyDevelopment Risk TreatmentIMPLEMENTREVIEWREVIEWCONTEXTPLAN IDENTIFICATION Risk Assessment Risk Management Policy 367 2 P-08 5/3/01 2:29 PM Page 118 367 2 ... eco-nomic and, more recently, environmental factors. Community representatives1 26 / Benefits of the RISQUE Method 367 2 P-09 5/3/01 2:30 PM Page 1 26 diligence defense is the establishment and implementation...
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Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_8 pot

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_8 pot

... Quotient ($million)R6 1 -6 GPSR6 1-4 GlobalR6 1-5 MercuryR6 2-1 WTPR6 3 -6 Coal PileR6 3-1a Mine StudR6 3-4 Mine BondR6 3-3 GroundwaterR6 3-1b Mine RemR6 3-5 Mine AMDPessimistic Cost ... costs and benefits Further studies and assessmentAgree and finalize values of costs and benefits Modeling of costs and benefits Benefit-cost analysisAssessment of potential cost recoveries and ... project risk. Step 4. Run the risk model. Perform Monte Carlo simulation for 2,000trials.Step 5. Generate output. Produce graphical risk profiles and risk relationships. Risk Analysis / 167 367 2...
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Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_13 ppt

Triple Bottom Line Risk Management Enhancing Profit Environmental Performance and Community Benefits_13 ppt

... 259profiling, 163 , 164 quantification, 4, 50 63 , 145, 153, 165 , 166 , 183, 199, 275–282quotient, 13, 23, 24, 29, 39, 46, 72– 76, 78, 81, 95, 97–98, 153, 157, 165 , 167 , 169 , 170, 198, 202, 203, 2 06, 209,239, ... 45, 46, 95, 96, 97,105–1 06, 107, 109–111, 114, 123, 165 , 171, 172, 2 06, 243, 259, 272,285, 287, 288reduction strategy/actions, 39, 45, 46, 160 , 169 , 172, 173, 198, 208–210,2 56, 260 , 261 , 263 , ... 259responsibility, 125, 1 26 risk, 30, 31, 35, 129, 132, 141, 142, 163 , 164 , 171, 211, 212, 225 risk events or issues, 165 , 179, 212, 213,224, 2 46, 248 risk management strategy, 164 , 2 46 threat, 223Environmental...
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Triple Bottom Line Risk Management_3 doc

Triple Bottom Line Risk Management_3 doc

... ($million)122.5 195.2 2 16. 7 231.9 245 .6 257.1 270.9 2 86. 8 305.2 322.1 338.4 360 .1 385.1 4 16. 4 457.8 504.3 559.2 64 3.3 766 .5 1,042.5 5, 067 .9Frequency Chart.000.019.037.0 56 .074037741111480.0 ... total risk, from the most risky event to the least risky event.The line plot shows that proceeding on from the riskiest event, the two most risky88 / Stage 3: Analyze the Risk Figure 6. 11 Contribution ... each risk event, the current risk presented by each event, and the ex-pected future risk posed by the risk event, after implementation of the risk reduction actions. 96 / Stage 4: Formulate a Risk...
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Triple Bottom Line Risk Management_4 pptx

Triple Bottom Line Risk Management_4 pptx

... understanding of corporate risk use of risk profiles tocompare the relative risk between risk events and estimation of risk cost.• Development of a sound basis for formulation of risk management ... quotients, and a prioritized list ofthe risks• Risk reduction options, their advantages and disadvantages and benefits and costs• Recommended risk reduction action, including statements of its benefits ... systems (i.e., environmental management systems, quality management systems, and integrated risk management systems)have become popular organizational management tools. The scope and structureof...
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Triple Bottom Line Risk Management_7 pptx

Triple Bottom Line Risk Management_7 pptx

... 8. 56 × 10–12 per year×11,000,000 46/ 6024 × 365 ×110 367 2 P-13 5/3/01 2:54 PM Page 1 96 Risk Analysis / 207Figure 13.9 Comparison of the societal risk quotient for tour risk events and ... 76 3 4 1 16 39 8,8 16 11 33 16 Dec to 15 Mar 90 3 6 192 64 17,280 10 34 16 Mar to 30 Apr 45 3 5 170 57 7 ,65 0 6 391 May to 30 Sept 153 1 1 47 47 7,191 20 38Note: No data for 29 March 364 Trips ... / Community Safety: Tourism, New Zealand 367 2 P-13 5/3/01 2:54 PM Page 198Identifying and Quantifying Risk Events Risk Events and Likelihood. The panel members identified and quantified therisk...
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Triple Bottom Line Risk Management_9 ppt

Triple Bottom Line Risk Management_9 ppt

... Bypass Gradual risk 0.784555 969 0.007845 56 784. 064 6308 1092.551973 1541 .66 3213 0.001 96. 39%Pit Lake Quality Gradual risk 0 .62 0984847 0.0 064 68592 64 8.90 164 75 852.4990239 1097.3843 36 0.000 96 98.42%Waste ... 20.84170 361 0.217101079 2150.08 162 7 3070.3 368 56 4351 .64 0244 0.00 96 68.17% RiskiestWaste W/rock Bypass Gradual risk 7.84555 968 7 0.078455597 770.0979491 1078. 869 357 15 26. 658937 0.01 93.83% EventsWaste ... 98.42%Waste Pond Quality Gradual risk 0.3 0.003 29.79944131 42.981 766 27 59.7 369 364 2 0.01 99.40%Pit Wall Pumphouse Gradual risk 0.15509704 0.00155097 1528.3 965 94 2 165 .30 460 2 2983.203382 0.0001 99.91%Waste...
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Triple Bottom Line Risk Management_10 potx

Triple Bottom Line Risk Management_10 potx

... funds. Risk Reduction Strategies / 289Figure 17 .6 Risk profile showing the expected risk quotient before and after implementationof selected risk treatment actions.02040 60 80100120T01T 16 H05W03T30T13T29W02W 06 T03W 16 T19W18W20W15W12H01W07T21H07T08H11E05H02W13W23T14T17W22E11Current ... current risk (the nine riskiest pumping stations) and reduce exposure by around $9.4 million. Expenditure of a further $300,000 wouldaddress the 16 next highest -risk pumping stations and reduce risk ... reduce pumping station risk even further.288 / Asset Management: Water, New Zealand 367 2 P-17 5/3/01 3:02 PM Page 288Table 17.8 Prioritized Risk Management Actions: Cost and EffectCost Cumulative...
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