Working away from home on your Birthday can sometimes make you question how lucky you really are getting to explore wonderful countries and meet fascinating people. However, when you are then presented with a Birthday cake and chorus of "Happy Birthday", the lessons in risk bowties certainly become more enjoyable (and not just because of the influx of sugar).
Thank you Oman!
This year has started with the addition of the fantastic Teresa Steele-Schober and Zak Wood to the Satarla team. Teresa is an environmental and sustainability professional with extensive experience in the mining sector. Zak is a project manager and has worked on everything from setting up secretariats on complex stakeholder based projects, through to project support offices and change management within large companies.
Welcome Zak and Teresa!
Rather than bombard you with seasons greetings cards, Satarla put that cash to good use by donating it to the Rhino Action Group Effort www.rhonerage.org
Set up to assist in the fight against illegal rhino poaching, RAGE provides a safe conduit for public contributions to ensure that donations to help protect rhinos results in effective action.
Welcome to Ollie who joins Satarla from the ski slopes in BC! Having recently left the worlds largest security services provider, where he was the Group Risk Manager, Ollie has relocated from London (UK) to Whistler. Here he will be perfecting his ski-cross... and doing a little consulting with the Satarla team in his spare time.
Following the economic disasters of 2008, the UK Code of Governance has provided a platform for risk to be a mechanism to improve transparency and accountability for managing those potential (yet plausible) threats to an organisation's objectives. This platform is the long term viability statement and it is now a requirement for all UK PLCs producing their annual reports.
Together with the clever accountants at The Finance Expert, we have put together a one-day course to take you through everything you need to know not only to write a brilliant viability statement, but to make it useful for your organisation and a mechanism for management.
Satarla welcomes two new associates into it's ranks this month with both Wendy Ancill and John Crawley joining the team. Wendy is an expert in risk and assurance, especially when it comes to safety, sustainability and the technicalities of mining. John is an accountant who spent 23 years working in various Executive roles with the RBS group. More recently he has spent the past 12 years running and advising businesses in the public and private sectors.
Both Wendy and John are phenomenal trainers. Welcome!
For the past three years, the Institute of Risk Management South Africa have released a South Africa focussed risk report. This insight to the country level and industry level risks is a must read for anyone who is interested in the region.
Access the report here:
Never have you seen such a positive reaction to a room full of participants being asked if they would like to complete their very own risk register... the answer was "Sim!".
Thank you Brazil - you are amazing. Beleza galera.
November saw the launch of Satarla in North America. Headed up by Ollie who will be based in British Colombia, he will be supported by the rest of the Satarla team.
The conference allowed us to share our experience in designing, embedding and training in Enterprise Risk Management. We presented our Extended Enterprise tool which can be used in any organisation and at any level to establish the context for your risk assessment.
Thank you to everyone who looked after us in Vancouver, we had a terrific time and look forward to working with you again soon!
The interactive and cross-discipline Bryan Lovell conference will be peppered with bowties.
Used to aid the mix of policy makers, environmentalists, industrialists, and geoscientists make sense of risks arising from the likes of groundwater flooding, water contamination, and rapid environmental change, these simple bowties will be used as communication and dialogue tools.
We look forward to seeing you there!
14 - 16th November, Vancouver, Canada
Satarla is two years old this month. Now with a thriving team of Associates based around the world, working on projects with a myriad of different industry sectors, we are constantly honing our approaches to practical and accessible risk management. We wonder what our third year has in store for us?!
The Satarla family continues to grow with the fantastic additions of Andy (strategy and change management extraordinaire); Eddie (double act of both safety and training); and Bouke (sustainable mine engineer). Between them they speak a myriad of different languages...fluently.
The Satarla team will be speaking at a myriad of conferences in exciting locations such as Windhoek and Vancouver over the next few months. We will be sharing case studies, discussing some of our new techniques, and challenging ourselves to constantly improve our approaches and attitudes to managing risk.
Let us know if you are going to be at any of these events - it would be fantastic to see you!
In collaboration with the NASA Langley Research institute, Satarla research associates UQuant are helping to quantify and understand uncertainties affecting the core stage of NASA's next-generation Space Launch System (SLS) that is planned to carry humans to Mars in the mid 2030s. UQuant's contribution to the project is the development of new computer algorithms that allow a better reconciliation of early-stage test data with the complex computer models that describe the rockets physical behaviour.
In particular, the problem addressed by the team was the improvement of computer models helping NASA to understand the rockets structural behaviour during the extreme launch conditions while it flies through the earth's atmosphere. The main difficult in these conditions is that the rockets structural dynamics are affected by too many uncertainties to be obtained are trustworthy prediction using conventional engineering methods. Therefore, UQuant employs a unique hybrid approach that combines risk quantification methods developed by Wallstreet scientists with NASA's engineering models. The results help to better understand risks and also improve safety and performance. Due to a special collaboration agreement, UQuant can commercially employ the developed methodologies in other areas as well.
On the 5th of November 2015 the Germano tailings dams in Brazil failed sending tonnes of mine waste sludge oozing down the valley to engulf villages, people, and the environment. The mining company responsible is in crisis mode, desperately trying to contain this disaster - but why did it happen in the first place and why are tailings dam failures so common?
Follow the link to read our full article.
21 - 22 September, Johannesburg
24 - 25th November, London, UK
8th September, Windhoek, Namibia
We can now address our co-founder and Associate Tankiso Moloi as Professor!
Tankiso is now the Professor of Accountancy at the University of Johannesburg based on his fundamental research into strategic global financial stability in the form of corporate governance, enterprise risk management, and assurance.
Congratulations Tankiso and the University of Johannesburg on gaining a brilliant mind.
A massive welcome to Annie Clarke who joins Satarla as an Associate. Annie is not only an expert trainer, but also works with individuals and teams to build awareness, confidence, and personal effectiveness. Her interactive, fun, and personal approach makes all participants feel welcome and part of the learning team. Prior to founding and running Annie's Training Company, Annie worked with the Institute of Fundraising, and the Children's Society.
This month we found ourselves travelling past Cambridge and Oxford to get to London... which also has a river Thames flowing through it. Thanks to everyone in London Ontario for making us feel so welcome and at home (even in the halloween party...!).
Many of us in Satarla have experience in the extractives sectors, be they mining or oil & gas. This is why we have teamed up with the Geological Society and the Institute of Risk Management to organise one week's worth of meetings, events and conferences during the week of the 10th of July 2017.
10/11th July: Deep dive into key areas of risk faced by the mining and oil & gas industries
12th July: Summarise what we have learnt on day 1+2, and discuss with industry leaders
13/14th July: Investigate how other sectors (medicine, military, finance, etc...) perceive and deal with risk.
If you are interested in taking part in any of the above meetings, please either contact us by emailing firstname.lastname@example.org, or visiting the Geological Society website to register here:
Hennie is a professional engineer, with extensive experience in the railway and mining industries. He is the risk expert that you want on your team when you need to understand your engineering and technical transportation risks. His passion is structural dynamics, and the testing of structures... which usually involves him blowing something up (in a controlled manner of course!). This has ensured that he has a lot of experience when it comes to safety, and he has worked on a number of transportation safety programmes, resulting in the saving of many lives.
Follow the link to find our more about Hennie.
500 women from around the world were nominated for the 2015 book which was published at the Women in Mining UK champagne reception at Mines and Money (London) on the 2nd of December. The 100 females who received the most votes from men and women working in the sector include mechanical fitters through to CEOs.
"To be considered as one of the 100 Global Inspirational Women in Mining is truly an honour". Congratulations Sarah!
Satarla's Dr Sarah Gordon will chair the panel of experts invited to discuss what the mining sector's big risks are and how the sector manages them.
The panel will investigate how miners manage changing market conditions, meet social responsibilities, address technical issues, and manage the expectations of shareholders and the wider public.
The panel discussion is free to attend. For more details please follow the link below.
Women in Mining (UK), together with Herbert Smith Freehills will be hosting their first technical event of 2017 on the 19th January. Facilitated by Dr Sarah Gordon (Satarla Director), a panel of specialists will discuss risks such as water cleanliness, supply, and security, as faced by mining companies around the world.
For more information, please click here:
Together with fellow IRM trainer John Crawley, Satarla's Sarah Gordon trained 225 people in Lagos, Nigeria, in 9 days. The training was "excellent", "insightful", "fantastic", "action packed", "fabulous", "memorable", "useful", "where can I go to learn more?"...
Thanks to the people of Lagos for looking after us so well.
A qualified occupational health & safety professional and auditor, Neil has worked for over 11 years as an industrial chemist. He has worked in a range of environments, from laboratories and pilot projects to large scale operations, in locations such as the UK, continental Europe, Canada, and Southern Africa. Neil brings a specialisation in hazardous chemical management and OHSAS 18001 to the growing Satarla team. Welcome Neil!
Follow the link to find our more about Neil
Risk registers are the knowledge-banks of risk management. They are a critical tool for managing risk, but are all too often used for purposes for which they were never intended.
The extended article (click link below), outlines some of the key pitfalls into which risk registers can fall, together with some hints on what should be in your risk register and how to make them as useful as possible.
Satarla will be delivering a training session on 'How to develop an effective risk register' in the Institute of Risk Management, London on the 30th September.
Satarla is 1 year old! Thank you very much to all of our clients, partners and advisors. This year has brought us 22 clients across 14 countries. We have delivered our 10 different training courses to hundred's of clients, and provided assurance, project management, and risk management consultancy to many more. Let's see what year 2 will bring!
Follow the link to see our growing team
Every profession has tools fundamental to its trade, each of which need to be reviewed and honed regularly to ensure they remain effective. The risk register, matrix and bow-tie are three such tools within risk management.
Join Satarla's Sarah Gordon on the 18th of August for a free webinar hosted by the Institute of Risk Management, during which you will be provided with tips on how to optimise each of these critical risk tools, and tailor them to your organisation.
While Satarla's Laura Mallabone sat on a panel in the 'Risk Frontiers: Southern Africa' conference (Gaborone, Botswana), her co-director Sarah Gordon worked on embedding risk management within an 'awesome' company in the horse capital of the world (Lexington, Kentucky).
This exposure to different industries and geographies allows us to constantly test and refine our risk tools and methodologies, ensuring they are simple and really do allow organisations to make risk intelligent decisions.
A risk assessment is a method for identifying, analysing and evaluating risk. It is our primary method through which we can collect and challenge information on our risks, which in turn leads to a far greater understanding of what those risks entail. We can then put in place controls that make sense and stand a far greater chance of being effective than if we did not undertake a risk assessment. A vast myriad of types of risk assessment exist, some more complex than others. The best methods involve a cross section of interested parties and incorporate their individual (if conflicting) input. Key is the facilitation style: risk assessments should be engaging, informative and time efficient.
SATARLA has been delivering training on risk assessments in both South Africa and the UK, all receiving fantastic feed back.
The risk matrix is the most commonly used tool to rank and prioritise risks. They can be simple (3 x 3 likelihood versus consequence), or complex (multidimensional risk trackers). Some are used to communicate an organisation's risk appetite; others are used to prioritise which risks to expend valuable resources on.
Optimising your matrix for your organisation is vital if it is to be a reliable and useful tool. If designed correctly, your matrix can become your central risk dashboard, highlighting fluctuating opportunities and threats before they impact on your business.
SATARLA is delivering a 3 hour sprint session on 'How to build and use a risk matrix' on the 17th July at the Institute of Risk Management in London, UK.
Two Fundamentals of Risk Management courses were delivered on behalf of the Institute of Risk Management in Senegal last week by Satarla's Sarah Gordon. The courses were delivered on site for a new mine who achieved their commissioning one year ago.
Satarla's experience and knowledge of the mining sector ensured that the courses were informative as well as entertaining. "Excellent training" "The trainer is very skilled"
"I found risk management is much more interesting than I thought it would be"
Thank you to the site for making Satarla feel so welcome! Jerejef.
Satarla has been invited to deliver four new 3-hour training courses on behalf of the Institute of Risk Management. The courses are as follows:
'How to conduct high quality risk assessments' 18th June 2015, IRM London
'How to develop an effective risk register' 1st July 2015, IRM London
'How to build and use a risk bow tie' 2nd July 2015, IRM London
'How to build and use a risk matrix' 17th July 2015, IRM London
Hosted by the Durban Country Club, Laura will be delivering a 2 day Introduction to Risk Management course on behalf of the Institute of Risk Management South Africa on the 9th and 10th of March. Visit the IRMSA website for more details and to register for this fantastic training course.
Satarla was interviewed by the Metal Bulletin on risks in Africa faced (and managed) by the mining sector. The article containing our comments was published in February in the Metal Bulletin Magazine. The Magazine was distributed to all attendees of Indaba - one of the world's largest mining conferences.
Click on the link to read Mallabone and Gordon's comments.
Policy makers in Brussels are gearing up to draft Europe's version of the American's Dodd Frank Act (Conflict Minerals). In preparation for this, they are actively getting their heads around the mining value chain and the effectiveness of tracking commodities through it.
Satarla aided this process by delivering an action packed 3-hour course on mining which included why we mine, how we mine (the mining value chain - all technical aspects made simple), and the risks encountered and managed by miners.
The course was a great success and deemed to be "very accessible and informative... as well as enjoyable".
A bowtie is one of the simplest and most versatile risk tools around. This 3 minute video explains the four basic steps to making and using a bowtie. We [Satarla] regularly use versions of bowties in our risk workshops as they allow all participants to contribute to understanding the risk and building the plan to manage the risk. More videos will be coming soon to our Youtube channel.
It is rarely possible to fully control every aspect of every one of your risks. However, where you cant control you can often monitor the status of controls owned by other people and organisations. Where you cant even monitor the status you have the ability to influence the emphasis put on certain controls which allow you to manage your risks better. You therefore have to know what you can control, what you can monitor and what you can influence. If this is done properly, it will be less necessary to transfer risk to insurance companies, reducing your organisations overheads.
No organisation today has full control over every aspect of its operations or reputation. It can however work to identify the connections between different aspects of the organisation, both internal and external to the business. By monitoring these connections, and understanding that there will always be relationships which have not beed identified, the complex world of the 'extended enterprise' can begun to be understood.
The Institute of Risk Management included input from Satarla in their recently published guide to the Extended Enterprise. This guide includes an introduction to the extended enterprise; assurance for the extended enterprise; questions for the Board; Supply Chains; How to build trust across the extended enterprise.
A leading indicator is a metric that measures the likelihood of a recognised event occurring in the future. They can be both behaviour drivers and performance monitors and are used by many different industries and disciplines to successfully enhance the effective management of risks.
Satarla has recently worked with a number of multinational companies on the development and implementation of leading indicators for a range of disciplines including risk and safety.
South Africa's mining companies are facing many challenges, ranging from industrial actions, uncertainty in legislation, weaknesses in global export markets, and lack of access to capital. Accordingly, sound risk management and adherence to corporate governance principles and practices are essential to the sustainability of these companies. This article provides an overview of the risk management practices based on King III requirement on governance, and secondly assesses the risk management disclosures in the annual reports thereof.
Satarla has been working with the IRM (based in London, UK) on a number of projects, one of which is designing and delivering half day training sessions. These fast paced and interactive sessions allow attendees to learn / refresh their knowledge of risk management without removing them from their work place for a whole day.
The training sessions include: 'How to conduct high quality risk assessments'; 'How to develop an effective risk register'; 'How to bowtie'; 'How to optimise and use your risk matrix'.