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There are two types of acceptance strategy active or passive when an IT department knows about a risk and does nothing about it and passing if off to the members on the project. A company that has established a backup plan, has time available, funds, and resources that are an unknown risk and known threats.
Oil Company and their platform rigs and how their rush to get the work done on time cause an oil spill and how they accepted the risk. The BP Deep Horizon Disaster in 2010 could have been avoided if they would have corrected the problems they ran into instead of ignoring them. Those in charge cut corners on the project and disregarded the cost of parts that needed to be replaced because waiting for new material could slow down work and
April 20, 2010, a tragic disaster struck the Gulf Coast. British Petroleum deepwater Horizon oil rig cracked from three places and raw oil leaking into the sea. .it was considered that over 60,000 barrels of oil a day are mixing with Gulf water and Oil spread over 70 miles to 130 miles into the sea and can be seen from space.
Many businesses that sell seafood had to cut back on it for the past few months. It has been since April that businesses are now selling shellfish back on the menu for a somewhat reasonable price. A major incident occurred just two days before Earth Day. The incident is well known as the Deepwater Horizon oil spill, or as many others call it, the Gulf of Mexico oil spill. The Deepwater Horizon drilling rig along the Gulf of Mexico is an oil-spill that resulted from an explosion that is under contract with BP, leading up to over million barrels of oil spilling into the Gulf of Mexico. This incident has led to many controversies. Arguments in discussion are whether or not we should continue to drill offshore, what exactly went wrong, and why none of the safeties were unable to activate.
“On March 23, 2005, at 1:20 pm, the BP Texas City Refinery suffered one of the worst industrial disasters in recent U.S. history. Explosions and fires killed 15 people and injured another 180, alarmed the community, and resulted in financial losses exceeding $1.5 billion.” (U.S. Chemical Safety and Hazard Investigation Board, 2007) There are many small and big decisions and oversights that led to the incident. Underneath all the specific actions or inaction is a blatant disregard for addressing safety violations and procedures that had been pointed out to BP even years before this event. The use of outdated equipment and budget cuts also contributed to the circumstances that allowed this accident to happen.
The Harland and Wolff Shipyard Company is to blame for the sinking of the Titanic and the high number of casualties because the wrong materials were used, the layout and design were poor, and they were too confident with their ship that safety was not a concern. If they had thought more about the design and safety of their ship, this tragedy would not have ended the same and a lot more lives would have been
IT projects require buy-in from stakeholders. There are several reasons to get buy-in before starting an IT project, some of which include investment during development and commitment to transition away from old processes to the new system upon completion. Unilateral IT projects often lack the level of investment and commitment required for a successful IT project. This becomes even more critical as the scope and size o...
Most people believe that one man-made natural disaster would teach us to be better, but we have learned that history repeats itself. The Exxon Valdez oil spill (in 1989) and the Deepwater Horizon oil spill, or BP oil spill, (in 2010) were both devastating oil spills that shocked the nation. The Exxon Valdez oil spill occurred due to a tanker grounding. The BP oil spill was caused by an explosion on the Deepwater Horizon oil platform. These two oil spills were both disasters and had greater effects in certain categories. In this essay, I will be comparing the cause of both oil spills, the damage/effect of both oil spills, and the cleanup of each oil spill.
Nelson, A.N. 1971. Effects of oil on marine plants and animals. London: Institute of Petroleum.
On April 20, 2010, the Deepwater Horizon oil rig, located in the Gulf of Mexico exploded killing 11 workers and injuring 17. The oil rig sank a day-and-a-half later. The spill was referred to as the Deepwater Horizon oil spill, BP oil spill, Gulf of Mexico oil spill, and BP oil disaster. It was first said that little oil had actually leaked into the ocean but a little over a month later the estimate was 12,000-19,000 barrels of crude oil being leaked per day. Many attempts were made to stop the leak but all failed until they capped the leak on July 15, 2010, and on September 19 the federal government declared the well “effectively dead.” In the three months that it took to finally put a stop the leak, 4.9 million barrels of oil were released into the ocean. The spill caused considerable damage to marine and wildlife habitats and the Gulf’s fishing and tourism industries. The White House energy advisor, Carol Browner, goes as far to say that the Deepwater oil spill is the “worst environmental disaster the US has faced.”
An oil spill from a tanker is a rigorous quandary because there is such an immensely colossal quantity of oil being spilt into one place Oil spills cause a very localized quandary but can be catastrophic to local marine wildlife such as fish, birds and otters
On the summer of 2010, the petroleum industry was shaken by one of the largest disasters in history known as the BP Deepwater Horizon Oil Spill. This resulted in the killing of eleven people, injuring of seventeen and an immeasurable damage to the ocean and the surrounding communities. BP had to immediately respond to the crisis and handle their financial and reputational risks.
Risk management is among the most important practices in the field of project management. A successful project completion and risk management often go side by side. An interesting aspect of project management is that a project can sti...
Cause- The Oil spill was caused by a well integrity failure, followed by a loss of hydrostatic control of the well. This was followed by a failure to control the flow from the well with the blowout preventer equipment, which allowed the release
The failure of Information Technology projects has always been a hurtful problem for many organizations. With tons of new technologies coming out throughout the year, new IT, projects continue to grow by the year. Unfortunately, the success rates of the projects are very low and have actually lowered since its last estimate. Project risk factors are important to know and avoid in making of a success project. This paper is going to explain risks in knowledge areas, how to identify risks, and explain the risk register. Also, it’s going to identify and define the qualitative and quantitative risk analysis. In addition, it will cover planning for positive and negative risk responses. Finally, it will conclude with how to monitor and control IT project risks
These are the specific risks involved to a particular project or program. The organisations continuously undertakes specific projects, which should be managed with consistency with the legal obligations to be kept in mind. There are significant program management methodology which spell out the requirement and clear risk management approach within the project environment and align by the whole of the AS/NZS ISO 31000:2009 Risk management – Principles and guidelines.
The BP Deepwater Horizon oil spill accident of April 20th 2010 that caused a gas release followed by the explosion that took place causing hydro carbons to leak into the Gulf of Mexico posed a lot of strategic implications in the competence, capabilities, internal resources and Corporate Social Responsibility of BP. The implications of the Oil Spill underscores the Icarus paradox, which holds that the very capabilities that give an organization its source of competitive advantage can become constraining with changes to the external context. Teece (2009) emphasised that dynamic capabilities revolve around three generic types namely: Sensing (ability to scan, search and explore the external