uk irm discussion iceland volcano

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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 Content Content

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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

Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 5© Copyright 2010 Risk Frisk Ltd IRM April 2010

• 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

Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 6© Copyright 2010 Risk Frisk Ltd IRM April 2010

• 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

Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 7© Copyright 2010 Risk Frisk Ltd IRM April 2010

• 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

Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 9© Copyright 2010 Risk Frisk Ltd IRM April 2010

Sample of clientsSample of clients

Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 10© Copyright 2010 Risk Frisk Ltd IRM April 2010

Total risk management systemTotal risk management system