Question: 1. Why did BP fail its oversight and decision capabilities? 2. Describe your vision of a good risk management process that BP should have been

1. Why did BP fail its oversight and decision capabilities?
2. Describe your vision of a good risk management process that BP should have been following.
3. What aspects of a good risk management process appear does BP not appear to have been using?
4. Has BP had other ecological disasters since 2000 that should have alerted the company to improve its risk management process?

In its own Internal Investigation,1 released on September 8, 2010, BP provided its analysis of why the Deepwater Horizon oil rig exploded precipitating one of the largest oil spills the world has ever seen occurred.

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1 BPs history of negligence is thoroughly examined in PBS documentary The Spill There were some specific issues with the Macondo well project mainly that the project was over budget in 2010 and severa... View full answer

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