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British Petroleum: Risk Management

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Select the risk tools and techniques, and complete the Risk Tools and Techniques section of the Risk Management Plan for both the qualitative and quantitative aspects of the project. For British petroleum (PLC).

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Solution Summary

tools and techniques for British Petroleum risk management are discussed in a structured manner in this response. The related references are also provided.

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British Petroleum faces the problem of oil spills, disasters, and explosions. These have led to deaths, environmental damage, and moral issues. Moreover, British Petroleum has faced charges of dishonest employees. In this context, the risk tools and techniques that British Petroleum may use are as follows.

The qualitative tools are the root cause analysis, which helps identify risks that exist in the project. It also shows ...

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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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