IRM Risk Forum – 2010

                              Under the Shadow of
                                 the Volcano
    ...
Implications……?




                  Risk Frisk Ltd   Risk Frisk® is a registered trade mark.   © Copyright 2010 Risk Fri...
Background & facts - 2
                 • About 100 incidents since the early 80’s, but no
                   reported cra...
New/improved risk controls?
                 • Don’t over react
                 • Regularly monitor conditions/status of
...
Sample of clients




                  Risk Frisk Ltd   Risk Frisk® is a registered trade mark.   © Copyright 2010 Risk F...
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UK IRM Discussion Iceland Volcano

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Brief presentation to lead discussion on risks arising from eruption.

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UK IRM Discussion Iceland Volcano

  1. 1. 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. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 1 Content • Implications • Background & facts • Risks created • Risk controls Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 2 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2009 Risk Frisk Ltd Page 1
  2. 2. Implications……? Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 3 Background & facts - 1 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 4 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2009 Risk Frisk Ltd Page 2
  3. 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 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 5 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 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 6 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2009 Risk Frisk Ltd Page 3
  4. 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 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 7 RiskFrisk® & Fleet Risk Profiler™ www.riskfrisk.com www.fleetriskprofiler.com Tel: 0845 456 4136 or 07836 247556 Email: john.stevens@riskfrisk.com or john.stevens@fleetriskprofiler.com Book - “Managing Risk – Book - “Managing Risk – The Health & Safety The Human Resources Contribution” Contribution” Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 8 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2009 Risk Frisk Ltd Page 4
  5. 5. Sample of clients Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 9 Total risk management system Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2010 Risk Frisk Ltd IRM April 2010 Page 10 Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2009 Risk Frisk Ltd Page 5

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