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PEST Analysis

C/M/2509. Risk management: case of BP Deepwater Horizon disaster

WORDS:
4500
DATE:
2012
PRICE:
49.99 GBP

The paper looks at the approaches to risk management used by British Petroleum (BP) discussing them in general terms and in the context of the oil spill at the Deepwater Horizon rig in the Gulf of Mexico in April 2010. The background of the Deepwater accident is described, the theory of risk identification and management is reviewed, PEST and cost-benefit analysis of the Gulf of Mexico operations is performed. The strategies of Enterprise Risk Management (ERM) and Improved Disaster Management are considered highlighting their advantages and disadvantages.

 

KEYWORDS: Risk management, BP, British Petroleum, Deepwater disaster, PEST, cost-benefit,

 
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