Brief presentation to lead discussion on risks arising from eruption.

1. IRM Risk Forum – 2010
Under the Shadow of
the Volcano
What risks does it create and
how to manage them?
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Content
• Implications
• Background & facts
• Risks created
• Risk controls
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2. Implications……?
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Background & facts - 1
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3. Background & facts - 2
• 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
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Risks created/increased?
• 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
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4. New/improved risk controls?
• 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
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Book - “Managing Risk – Book - “Managing Risk –
The Health & Safety The Human Resources
Contribution” Contribution”
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5. Sample of clients
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Total risk management system
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