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  • davidhuntington

    Dyman Associates Risk Management Crucial To The Mining Industry’s Growth

    Managing Director of Marsh Botswana, Fritzgerald Dube, said the mining industry is faced with exposures that need to be identified, measured and controlled economically in order for the mine’s operations to flourish. Speaking at a mining seminar hosted by Marsh Botswana last week, Dube explained that while the environment in which they operate in is always changing and presenting new threats, they are able to understand risk trends and develop effective programmes. Although a lot of mines have fully fledged risk management departments, Dube noted that mining is a dynamic and ever evolving specialty and that new risk that were not previously anticipated would always evolve.

    “As such, risk managers need to be forever considering and devising risk management plans for those risks which they have never been exposed to before,” he advised. Dube added that risk managers need to recognise that they play a critical role in ensuring stability of operations and sustained production in whatever environment that they operate in.

    He underscored the importance of risk management, stating that it is a critical function in all mines. He urged top management to commit to instilling a risk management culture throughout the entire organisation.

    “Risk management should not be a ‘nice to have’ but rather a ‘must have’ that carries the full weight and support of senior management,” he stressed.

    However, Dube regretted that the impact of uncertain events on mine productivity is not limited to loss of property and revenue alone, but possible death as well. An earlier report that was issued by a leading reinsurance advisor, Willis Group Holdings, warned mining companies not to be tempted to cut back on their risk management spending as they try to deal with rising costs, falling commodity prices and decreased productivity levels.

    The report titled, Mining Risk Review 2011, identified the main challenges mining companies are facing. They further stated that the bulk of cost cutting had come from reductions in head office spend, exploration and business development.

    On the same topic, Botswana Confederation of Commerce and Manpower (BOCCIM) CEO Maria Machailo-Ellis acknowledged that the mining industry had been experiencing fatal accidents around the country. She however noted that they had moved ahead with efforts to prevent recurrence.

    Marsh Botswana was established in 1984 and is a subsidiary of Marsh & McLennan Companies, a world leader in delivering risk and insurance services and solutions. Marsh currently provides insurance brokerage and risk advisory services to over 70 percent mines across the globe.

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  • davidhuntington

    Dyman & Associates Risk Management Projects on Most Innovative Product of 2014

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    Cyber Defense Magazine Names Risk Vision Most Innovative Risk Management Product of 2014

    Company Also Honored as Finalist in Hottest Company in Risk Management Category
    SUNNYVALE, CALIF. — Agiliance®, Inc., the Big Data Risk Company™ and leading independent provider of integrated solutions for Operational and Security Risk programs, today announced that Cyber Defense Magazine (CDM) has named RiskVision™ Most Innovative Risk Management Product in its 2014 Most Innovative InfoSec Awards competition. The company was also named a Finalist in the Hottest Company in Risk Management category. CDM is the industry leading electronic information security magazine and media partner of the RSA Conference 2014.

    “CDM’s recognition of RiskVision as the most innovative risk management product of the year and Agiliance as one of the hottest firms in the field further validates our innovative use of big data for operational and security risk management,” said Torsten George, vice president of worldwide marketing and products at Agiliance. “Since its inception, Agiliance has pioneered and brought to market advancements in technology that help customers simplify compliance complexities and hone their risk management practices, while cutting costs, optimizing business performance, and improving productivity.” You can check it here. Dyman & Associates Risk Management Projects [ http://dymanassociatesprojects.com/about.. ]

    About Cyber Defense Magazine

    Cyber Defense Magazine is the premier source of IT Security information. The magazine is managed and published by and for ethical, honest, passionate information security professionals. Its mission is to share cutting edge knowledge, real world stories, and awards on the best ideas, products, and services in the information technology industry. CDM delivers electronic magazines every month online for free and limited print editions exclusively for the RSA Conferences and paid subscribers. Learn more about Cyber Security [ http://dymanassociatesprojects.com/cyber.. ] at DAP

    About Agiliance

    Agiliance, the Big Data Risk Company, is the leading independent provider of integrated solutions for Operational and Security Risk programs. Agiliance is automating how Global 2000 companies and government agencies continuously monitor big data for risks across financial, operations, and IT domains to increase operational efficiency and orchestrate incident, threat, and vulnerability actions in real time. RiskVision customers demonstrate automation use cases within 30 days on-demand, and within 60 days on-premise, made possible by a configurable platform and applications, broad library of technology integrations, and vast domain and regulatory content. RiskVision scales with businesses, effectively managing assets, data, people, and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit http://dymanassociatesprojects.com/
  • davidhuntington

    Dyman & Associates Risk Management Project Management: Free and Unconstrained

    Developing a Project Management program for your company can be a messy thing without the help of an experienced and well-trained consulting company with years of track record on the matter. Dyman’s approach allows your “project and program managers to adjust to and incorporate overall, departmental or specific project goals while keeping standardized levels of performance consistent with company-wide objectives.”

    A standardized performance is essential in unifying the company’s operations as well as assuring that the individual staff members grow with the company. Likewise, this gives out the signal to its clients that the company is highly coordinated and that each component or part of the organization is aware of what is happening to the other parts, thus, allowing communication or interaction to proceed with efficiency.

    The only setback for this general approach is that it somehow constricts creativity in the individual and, hence, in the overall operational picture. For a person to be able to truly innovate and come up with outstanding progress in ideas and strategy, he or she must be allowed complete freedom or autonomy to perform within the parameters of the job but with no boundaries or limits to the methods or tools that will be needed to accomplish the task. This does not seem to be a comfortable or safe working arrangement for most companies; hence, not many apply the method effectively, if at all. This requires allowing people to have the ability to decide independently without supervision or without prior or final authorization as to the ultimate solutions to be applied in any particular issue.

    The main objection to this type of management approach is that most traditionally-oriented companies follow the line of corporate organizational integrity or, to use a less palatable word, rigidity. This constraining approach expects employees to toe the main company line: verbatim and modus operandi, that is, verbally and operationally. A corporate manual of operations lays down the basic tenets and principles of the company culture and enforces the business code according to certain implementing guidelines and mechanisms which subsequently make up the body and soul of the company, so to speak.

    Well and good. As long as the company can attain its goals and keeps the bottom line healthy, there should be no issue about how the work is done. However, project management, as the phrase suggests, contains variables which cannot be easily boxed in or defined according to any one-fits-all approach. In the end, the individual worker, looking into the intricacies and uniqueness of a particular problem of a client will have to adapt and innovate in order to come up with a customized solution that will be more efficient and less cumbersome.

    Perhaps, this is the way Dyman works or operates. Their website does not seem to mention any customized solutions to its clients.
    It takes a free mind to go through this path of work. However, the rewards are more fulfilling and inspiring.

    Read More: http://dymanassociatesprojects.com
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