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Project Manager : Project Manager Feb March 2012
COVER STORY • RISK ANALYSIS FAILURE EVENT JAPAN TSUNAMI MEDIA TARGETED MASATAKA SHIMIZU, TEPCO CEO Tokyo Electric Power Company (TEPCO), under the leadership of CEO Masataka Shimizu, has been accused by nuclear regulators of ignoring warnings that Fukushima Nuclear Plant couldn’t stand up to a tsunami. According to the Associated Press report of the tsunami plan, TEPCO tied the risk analysis to a Japanese earthquake no larger than magnitude 8.6, and a resulting wave that reached no higher than 19 feet. The actual earthquake measured magnitude 9.0, which is roughly four times the power of an 8.6 quake. The water rose not 19 feet but 46 feet. “I wanted to take managerial responsibility and bring a symbolic close,” Shimizu told reporters. COST OVER QUALITY EVENT BP OIL SPILL MEDIA TARGETED TONY HAYWARD, BP CEO When Hayward was named CEO, he promised to improve safety and make BP more transparent. However, he soon introduced more cost-cutting measures that increased profits but may have also led to the management failures that contributed to the Deepwater Horizon accident – the largest marine oil spill disaster in history. In a recent report, the White House Oil Commission concluded the oil spill was an avoidable disaster caused in part by a series of cost-cutting decisions made by BP and its partners. “ Whether purposeful or not, many of the decisions that BP, Halliburton, and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time (and money),” the report said. 2010 2011 THE FOLLOWING DISASTER MANAGEMENT MISTAKES ATTRACTED INTERNATIONAL MEDIA ATTENTION. “MANY OF THE DECISIONS THAT BP MADE ... THAT INCREASED THE RISK OF THE MACONDO BLOWOUT CLEARLY SAVED THE COMPANY SIGNIFICANT TIME (AND MONEY)” “I WANTED TO TAKE MANAGERIAL RESPONSIBILITY AND BRING A SYMBOLIC CLOSE” 25 www.aipm.com.au Project Manager
Project Manager Dec Jan 2012
Project Manager April May 2012