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Brief presentation to lead discussion on risks arising from eruption.
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Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 1© Copyright 2009 Risk Frisk Ltd
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 1© Copyright 2010 Risk Frisk Ltd IRM April 2010
IRM Risk Forum – 2010
Under the Shadow of the Volcano
What risks does it create and how to manage them?
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 2© Copyright 2010 Risk Frisk Ltd IRM April 2010
• Implications
• Background & facts
• Risks created
• Risk controls
ContentContent
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 2© Copyright 2009 Risk Frisk Ltd
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 3© Copyright 2010 Risk Frisk Ltd IRM April 2010
Implications……?Implications……?
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 4© Copyright 2010 Risk Frisk Ltd IRM April 2010
Background & facts Background & facts -- 11
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 3© Copyright 2009 Risk Frisk Ltd
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• About 100 incidents since the early 80’s, but no reported crash
• Specific event – BA flight in Asia
• Bodies involved – NATS, Met Office, EU, Airlines, IATA, Governments, aircraft/engine manufacturers
• Reasons – safety, ash cloud effects –engines/planes, aircraft/airplane design, air corridors, returning planes
• Decision criteria – risk averse or risk managing?
• Query from IATA, re delay & blanket decision
Background & facts Background & facts -- 22
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• Travel policy & authorisation
• Response to emergencies, evacuation & overseas support, absence payments
• UK staff effects – services, absence, cover, 3rd
party effects
• Servicing customers & key suppliers re equipment etc
• Stakeholders & supply chain implications
• Cash flow implications & query insurance cover
• Health, building effects and reputation
Risks created/increased?Risks created/increased?
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 4© Copyright 2009 Risk Frisk Ltd
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• Don’t over react
• Regularly monitor conditions/status of operational areas
• Review & extend travel policy and support
• Review staff absence payment policy
• Review business processes that rely on travel
• Investigate/invest in travel alternatives
• Review cash flow responses
• Review insurance cover
New/improved risk controls?New/improved risk controls?
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 8© Copyright 2010 Risk Frisk Ltd IRM April 2010
RiskFrisk® & Fleet Risk Profiler™www.riskfrisk.com
www.fleetriskprofiler.com
Tel: 0845 456 4136 or 07836 247556
Email: [email protected] or [email protected]
Book - “Managing Risk –
The Health & Safety
Contribution”
Book - “Managing Risk –
The Human Resources
Contribution”
Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 5© Copyright 2009 Risk Frisk Ltd
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Sample of clientsSample of clients
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Total risk management systemTotal risk management system
