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British Petroleum (Plc) And John Browne: A Culture Of Risk Beyond Petroleum

2164 words - 9 pages

British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum
October 30, 2011

Abstract
The image as well as the operational business reputation of a corporation is critical to the survivability of the corporation in today’s business world. This reputation is even more critical when a business has is known globally with holdings and operations around the world. Such is the case with British Petroleum (BP) as it actively explores for oil in 26 countries around the world. BP is renowned as an industry leader in oil production and the refinement of oil related products such as gasoline, kerosene and motor oil products. ...view middle of the document...

The paper will also discuss agenda items, the brainstorming process and the application of risk metalanguage to three of the identified project risks.
British Petroleum (PLC) and John Browne: A Culture of Risk Beyond Petroleum
Using the template found in Appendix B, Figure B-8, prepare a two-day workshop agenda encompassing this case
The principle objective of this project is to develop a strategic plan to restore the reputation of BP Oil Company as a responsible world leader in the exploration and production of oil, manufacture of oil products to include the chemical by products for other industries. The confidence needs to be restored with government agencies where BP has an operational presence. A good example would be with the United States and the state of Texas where the Texas oil refinery is located or the off-shore drilling rigs in the Gulf of Mexico. The primary concerns would be the EPA and OSHA. Other stakeholders include the senior officers of the corporation, stockholders, investors, employees and civilians residing near BP facilities. The deliverables will be a series of recommendations for changes to current safety policies and guidelines to enhance efficient operations and restore global confidence in BP Oil’s ability to conduct operations with a minimized level of safety risks without impact to the stakeholders immediately impacted by the BP presence.
First I plan to hold a meeting with the key members of the project team to include functional representatives to perform pre-workshop planning. We will review the risk management plan for our project and review carefully selected plans from our lessons learned library in order to benchmark off of best practices. These will serve as part of our read ahead material. We should not discount looking at corporations in our industry to benchmark lessons learned for successful approaches for risk mitigation and problem resolution as well. Another aspect of the pre-plan preparation will be to identify the key players to attend the workshop. Finally, we review a proposed agenda that my key project assistant, team lead members and I have produced to ensure buy in. It is critically important that all of us are in agreement why we are meeting and the expected outcomes. Finally, as part of the agenda review, we will review a proposed list of attendees. These personnel may include representation from the director of field operations, land based facility safety, off shore facility safety, finance, public relations, marketing, legal operations, audit department, human resources and finally key members of the project team. The workshop will be two days in duration at an offsite conference center so the group can focus on the development of the risks that are relevant to this project and its deliverables.
The agenda, beginning with day one will include introduction of all members to include the facilitator of our meeting. We will use a facilitator who is not a...

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