Uploaded by: KaceeRoberts on Nov 22, 2012
BP’s risk management process is designed to help ensure that risks are identified, understood and managed so that we can deliver safe and strong operations We initiated a review of our risk management system in 2011 to identify what might be done to enhance the clarity, simplicity and consistency of our system, and have begun implementing enhancements. Our system is designed to generate consistent reporting of risks and prioritization of risk mitigation plans by our businesses, including for low-probability, potentially high-consequence scenarios.