BP Oil Spill 2010 Elizabeth Morton University of Phoenix SUS/300 3/9/15 Tereza Marks Gulf Oil Spill Case BP Oil Spill 2010 BP is a world leading international oil and Gas Company. The BP Company however had an oil spill on April 20‚ 2010 due to a gas release in the Gulf of Mexico. A massive explosion followed the gas release on the Deep Water Oil rig that was working on the exploration of British Petroleum. The explosive gas leak resulted in eleven peoples dead and several other individuals
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Risk Management Overview Paper FIN/415 Risk Management Risk management is a very important factor in any company. A company needs to understand the risks that it may face and why the risks are present and if they could have been prevented. The company in which I work for is an air filter distributor ‚ Air Filters‚ and these risks also pertain to my company. Organizational Risk Organizational Risk is will occur with the company ’s business functions‚ such as financial and systematic risk
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have shown that a risk event occurring at one point of the supply chain can greatly affect other members‚ when the disruption is not properly controlled. Supply chain management thus faces a pressing need to maintain the expected yields of the system in risk situations. To achieve that‚ supply chain management need to both identify potential risks and evaluate their impacts‚ and at the same time design risk mitigation policies to locate and relocate resources to deal with risk events. Many industrial
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Risk Paper 2 Project Risk Management- Professor Hurst Fluidity in Risk Planning – A Case Study One of the most important steps within a project is risk management because it plans for and responds to risks that impact the overall project deliverables including budget and timeframe. Risk management is used to mitigate risk in ways that align with each individual risk and its potential impact. During the risk management process risks are identified and defined and a plan to control‚ monitor and
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1. What are the main ethical issues and dilemma BP faces in this case? A project that is on a large scale faces some issues‚ including: There are concerns about the coating of the pipeline and the risks of leakages‚ in particular in Georgia‚ where oil spills might significantly impact the country’s strategic water resources in the Bojorni National Park. Concerns were also raised over the fact that the pipeline runs through earthquake zones‚ which leakages nearly inevitable or could not be avoided
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Corporate Risk Management BUFN 754 Example Examination Fall 2013 NAME: I pledge on my honor that I have not given or received any unauthorized assistance on this examination Please answer all questions in the space provided. Point weights are as indicated. Formulas are provided in the back of the exam. Good Luck! 1. A firm has assets of $1M invested in 30-year‚ 10% coupon Treasury bonds selling at par and whose duration is 9.94 years. It has liabilities of $900‚000 financed through
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Financial Risk Management at Toyota Abstract: Toyota Motor Corporation (Toyota) is Japan’s largest and the world’s fourth-largest automobile manufacturer. The company offers well-known car models like Camry‚ Corona‚ Corolla and Lexus. Though a late entrant‚ compared to General Motors and Ford‚ Toyota has become one of the strongest players in the automobile industry. Toyota has continued to set new benchmarks for providing value to customers more effectively than competitors. Toyota is exposed
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EXECUTIVE SUMMARY GLOBAL LOGISTICS AND RISK MANAGEMENT Global supply chain enables companies to expand beyond their domestic markets and expand globally .International supply chain could be viewed as an extension of the domestic supply chain if managed well .There are several forces which determines the success of international supply chain. Global market forces involves pressures and opportunities created by the foreign companies and customers .Overseas business sometimes is a defensive mechanism
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5th February 2010 Beyond Petroleum Business Economics Assignment Student I.D: 1331260 Table of Contents 1. Abstract 2. Introduction 3. Political 4. Economical 5. Society 6. Technology 7. Law 8. Environment 9. Conclusion 10. Appendix 1 11. Appendix 2 12. Appendix 3 13. Harvard Reference Abstract: BP is a British global energy company and is the 4th largest company in the world. This report is in relation to BP’s profitability‚ product
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Risk Management Trends and Developments FIN/415 May 6‚ 2013 Risk Management Trends and Developments As time evolves organizations must continue to grow and evolve. The demographics and territories of organizations change as time evolves. As a result the risk management trends and developments become extremely important to the long-term success and survivability of organizations. Risk management trends exist at the corporate‚ business‚ and project levels of organizations. At each level of
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