Sydney Harbour Oil Spill- Risk Management

Executive Summary
Risk, to a large extent, is an inevitable consequence of present ever-evolving business environment that forces organizations to recognize the importance of risk and incorporate this aspect as part of their business management systems when formulating strategy. In order to manage risk in an optimal manner, the perception of risk from the public should not be neglected as the public voice sometimes is so powerful that causes an organization's reputation to be damaged.
Within the chemical and petroleum industry, the risk of environmental damage has been the principle concer…