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Bushfire ignition risk analysis for power lines
An electricity transmission company commissioned Broadleaf to develop a risk analysis methodology and model to provide it with a sound basis for decisions on the management of the risks associated with its assets igniting bush fires The approach developed is, we believe, unique and was enthusiastically received when it was presented to the company’s executive team this week. Fire is a natural part of the environment in many countries. Wild fires...
Read moreRisks and treatments for an LNG regasification facility
This case study concerns the construction of an import terminal for liquefied natural gas (LNG), planned as a conventional onshore receiving LNG terminal with storage tanks and regasification facilities. An enhanced risk assessment process was used and treatment options were developed.Introduction This case study concerns a proposed import terminal for liquefied natural gas (LNG). It was planned as a conventional onshore receiving LNG terminal wi...
Read moreThe colour of hydrogen
...for water gas shift conversion of syngas. Hydrogen produced using nuclear power is sometimes called purple or red. Nuclear power does not generate any carbon dioxide during its operation, but it does produce nuclear waste. Turquoise hydrogen Turquoise hydrogen is generated from methane using pyrolysis. Pyrolysis is a high-temperature process that decomposes organic feedstock into syngas, volatile hydrocarbon compounds and solid carbon-rich residu...
Read moreHow good is our risk management? How boards should find out
...nd performance measurement and reporting processes. References ASX Corporate Governance Council, Corporate Governance Principles and Recommendations, 2nd Edition (Sydney: ASC Corporate Governance Council, August 2007). Financial Reporting Council, The UK Corporate Governance Code (London: Financial Reporting Council, June 2010). Institute of Directors in Southern Africa, King Code of Governance for South Africa 2009 (Johannesburg: IoDSA, September...
Read moreMining and minerals processing
...d a review of ethical practices and compliance with the company’s Business Code of Conduct. We provided many risk management training courses in Australia and South Africa. Copper We conducted a quantitative risk analysis of the capital cost uncertainty for the Jabal Sayid Project, a copper-gold development in Saudi Arabia. It built upon qualitative risk assessments carried out by the project team, and provided a complementary view of the risk and...
Read moreStrategic options for dealing with methane in coal seams
...s of greenhouse gas, to optimise production and to use the gas to generate power where possible. This will include decisions on whether it generates electricity or supplies the gas to others under some form of contractual arrangement. Identifying the strategic decisions The ‘decisions’ generated in the previous step were then sorted into those that concerned policy, those that were tactical and those that were strategic: Policy decisions are taken...
Read moreBreaking decision paralysis
...on the system had to meet. This in turn might necessitate installing a new power feed, and it was unclear whether this would be at the expense of the project or would be borne by the power provider for the site. The interaction between these challenges involved complicated trade-offs that had not all been resolved at the time the risk assessment began. Broadleaf was engaged to facilitate a quantitative risk assessment of the initial plans, in the...
Read moreCogeneration plant risk analysis
...nt was to consider the tasks required to bring the upgrade project and the power plant into operation. The time horizon for the analysis extended into operation for the purposes of capturing risks that might undermine the business case for the investment, as these would be almost certain to turn into cost and schedule impacts if they came to light during design and construction. However, the emphasis was on the cost and time required to bring the...
Read moreExtreme project schedule over run
...with other activities in the same area, slowing them down as well. When IT code or approved system engineering designs that had been assumed would be available on a specified date are delayed, software projects might build temporary code and develop interim designs to allow other tasks to start, just to make some progress, knowing that interfaces or even system architectural features might have to be reworked later, taking additional time. Tasks t...
Read moreLognormal distribution summary
...r version: LPROBIT). Oak Ridge, TN: Radiation Shielding Information Center Code No. PSR-370; RSIC Newsletter 325:5, December, 1991. [Note: this version is obsolete.] Taylor NA. Estimation of dose received when dosemeter results are recorded below a threshold level. J. Radiol. Prot. 11(3) 191-198, 1991. Troyer GL, Jones RA, Jensen L. The Utility of Reporting Negative Counting Values. Radioactivity and Radiochemistry 2(2):48-56, 1991. Waite DA. Inte...
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