StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Mining Site Risk Management - Research Paper Example

Comments (0) Cite this document
Summary
The author of this paper "Mining Site Risk Management" touches upon the concept of risk management in the mining field. Reportedly, a risk management system refers to the application of techniques or measures to identify the total potential financial loss or gain…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Mining Site Risk Management
Read TextPreview

Extract of sample "Mining Site Risk Management"

Download file to see previous pages Before conducting an analysis of the risk management system, it is important to understand the types of risks involved herein. In this context, the risks can be categorized into three layers. The first is organization-specific risks, and these are the risk factors directly affecting or arising from the inside of the organization. They can be financial, construction, labor, material, equipment, management, or estimator-related. The second layer is what can be termed as acts of God. These are mainly naturally-occurring events, and which man cannot predict or even control. These include tsunami, flood, earthquake, volcano eruption, or landslide occurrences to mention but a few. The final layer is that of global risks. These are the global trends of events which affect the international level of organizations. They may include project designs, political factors, competition, and economic factors to mention but a few.
There exist several techniques or methods of analyzing risk management systems. The first one is the probabilistic analysis technique which bases its analysis on human judgment, assumptions, and prior experience. The second technique is the certainty theory which on its part bases its analysis of factual statements or the level of belief that one has towards given evidence. These are the major techniques of conducting the analyses, and the most appropriate for the mining context. They may differ in their execution of the analyses, but all in all, they give almost-similar findings and conclusions. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Mining Site Risk Management Research Paper Example | Topics and Well Written Essays - 1750 words”, n.d.)
Mining Site Risk Management Research Paper Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/management/1646534-critical-analysis-of-a-risk-management-system
(Mining Site Risk Management Research Paper Example | Topics and Well Written Essays - 1750 Words)
Mining Site Risk Management Research Paper Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/management/1646534-critical-analysis-of-a-risk-management-system.
“Mining Site Risk Management Research Paper Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1646534-critical-analysis-of-a-risk-management-system.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Mining Site Risk Management

Site management

...? (Assignment) Site Management The fast developing business world necessitates increased manufacturing activities as a part of territorial expansion. The increase in the volume of developmental activities forces organizations to maintain specific project management teams. The project management team gives greater emphasis on Health, Safety, and Environmental (HSE) demands as they largely contribute to the quality of project development. This paper will explore the role of different personnel in enabling and maintaining a safe working environment. It will also discuss various management styles and techniques that would make better site performance. An architect’s obligation related to worksite safety arises out of his agreement... with the...
4 Pages(1000 words)Assignment

Site Management and Safety

...?Client’s 14 July There are several risks involved in construction, it is extremely important to work in unison to avoid fatal accidents; following good practices in the workplace is the key to avoiding fatalities. Industrial accidents are fatal because they result in loss of lives, loss of money and loss of reputation, it is necessary to follow the safety instructions to ensure the safety of the whole team working on the construction site. The first part of the paper will outline the role of the architect, client, engineer, site manager and quantity surveyor in enabling and maintaining a safe working environment. Land-based work sector is flourishing in Europe but it is...
4 Pages(1000 words)Assignment

Site Management and Engineering

...Formwork for Modern Constructions Q1. The above figure shows the site plan, along with the space allocation for different components of the site. Where the exit and entrance has been kept at the maximum distance apart, this will avoid any accidents due to traffic flow in opposite direction. In addition as shown in the site plan the flow of the traffic is unidirectional and movement corridors are shown. Then, the location of the site office/ Admin area is kept in such a place, from where the whole site is visible, which include the construction site, plant area and entrance, so that the administration can monitor both the incoming resources and directly view the progress of construction. For further safety of the site... , an...
5 Pages(1250 words)Essay

Customer Relationship Management Data Mining

...? Relationship Management and Data Mining Task 5 Construction of a ification Matrix Model and the basis of calculation of error rate of 88 records as fraudulent 30 correctly so and 952 as non-fraudulent 920 correctly so. Classification Matrix Predicted Class Actual Class 1 0 1 30 58 0 930 920 Error = (30+920) = 0.49 1938 5.2How moving the cutoff up or down would affect the classification error rate of records that are truly fraudulent and truly non fraudulent Supposing that the overall routine contains cutoff that can be adjusted, the error rate for the records that are either fraudulent or non-fraudulent will vary. Creating a table as follows will greatly assist in verifying the changescreate the name of...
3 Pages(750 words)Essay

Risk and Risk Management

...; and banks have integrated country risk assessment into their daily operations and use it as a tool for tasks such as strategic planning, marketing, and evaluation of the performance of their international portfolios. Therefore, a more appropriate term would be country risk management, a practice of which country risk assessment is but one element. LITERATURE REVIEW Defining country risk Country risk, for the international banker, is the potential for a loss of the assets a bank has loaned across borders in a foreign currency. A loss could be caused by a multitude of factors that renders a borrower unable to service or repay the loan...
20 Pages(5000 words)Essay

Skeletal Pin Site Management

...that the pin sites were not cleaned after 48 hours to leave the crust intact will have a possibility of greater risk of infection. On the other hand, cleaning through the direction of a consultant will leave the nurses dependent to the consultant and cannot act as freely as or independently even though they already felt that cleaning should be needed. Although, there is still no agreement to the standards of practise for pin care management, regular monitoring is needed to prevent infection and protect the patient for further damage or osteomyelitis (bone infection). This standardization of procedure will also help orthopaedic nurses in developing a sense of ownership wherein, a...
10 Pages(2500 words)Essay

Data Mining (mining for gold)

...DATA MINING Companies use different techniques to store large amount of data in accessible form. This is usually referred to as data warehouse. A data warehouse receives data in raw form from operational systems and stores them. To derive any meaning or pattern from such raw data, methods such as data mining is used. Data mining is a set of statistical techniques that aim to identify trends, patterns and relationship in data. Data mining activities are of three types: Descriptive: interviewing the data stored to identify patterns and relationships. Predictive: using known observations to predict future events Forensic Analysis: uncharacteristic or odd data aspects are...
2 Pages(500 words)Assignment

Risk Management / Organisational Risk

.... US: John Wiley & Sons, pp. 1-6; 269-271. Beasley, M. S., Branson, B. C., & Hancock , B. V. (2010). Developing key Risk Indicators to Strengthen Enterprise Risk Management. Retrieved January 18, 2013, from https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=4ef5d9d457&view=att&th=13c4c5e08cf3e4f5&attid=0.1&disp=inline&realattid=f_hc2yeh7d0&safe=1&zw&saduie=AG9B_P_sU3T2zl5QkluteQFqodiN&sadet=1358519868224&sads=LjHGmNCgS8FQYcVnaqv74MdnMLU&sadssc=1 Beck, A. (2008). Preventing Retail Shrinkage: Measuring the ‘Value’ of CCTV, EAS and Data Mining Tools. Retrieved January 18, 2013, from...
13 Pages(3250 words)Research Paper

Mining

...that the effectiveness of technical solutions to solve internet abuse in the work place can be augmented using management solutions in terms of policy formulation on internet use and the management may use filtering tools as a means to solve internet abuse at the workplace. Through these conclusions, the article gives a clear exposition of the measures through which the management can benefit through using text mining approach in the detection of internet use at the workplace. The article does an excellent work of giving recommendations for further research to augment use and understanding of measures to detect internet abuse at the workplace. Future research is...
2 Pages(500 words)Essay

Mining water management

...Maximizing Safety and Productivity with Surface Waters While Minimizing Effects on Other Consumer Water Resources The mining industry has come a long way in protecting contaminated water discharge from mining processes, and in also managing natural surface water flows, to maintain a clean resource for other non-mining consumers to use safely (Mining Facts, 2014). Water discharge from all parts of the mining site are constantly monitored for levels of contamination throughout the processes. Surface water found in streams, rivers and lakes, are especially important for keeping the resource safe and this usually means,...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Mining Site Risk Management for FREE!

Contact Us