Fukushima Daiichi- Nuclear disaster

The Management Team of your firm is proposing to develop a manual, for internal use, the purpose of which is to train staff in areas of major risk, so that your company can avoid experiencing similar failures in risk management procedures. Management are aware that you have recently completed a course in business risk management, and have asked you to prepare a case study for inclusion (see below):The Risk Event Company/Incident: Fukushima Daiichi; The Risk Event: Nuclear disaster (Prior safety concerns: 1967: Layout of the emergency-cooling system 1991: Backup generator of Reactor 1 flooded 2000:Tsunami study ignored 2008:Tsunami study ignored Vulnerability to earthquakes) (Response: poor communication and delays) The Project: Management has agreed the following specific tasks after discussions with you: 1. Describe the facts surrounding the case. Material for the analysis of the case should be drawn from the details of the case as reported in the press, internet, or other sources such as books and journals, and should be fully referenced. 2. You are required to identify two risk management issues illustrated by the case. Compare and contrast the way in which these issues were dealt with by the firm(s) involved with material presented in the course or other reference material dealing with the concepts or issues that the case illustrates. In your report you may also assess the effectiveness with which the crisis, created as a result of the failures in risk management evident in the case, were managed. 3. Management believes that the quality of this material will not be judged on the number of concepts or issues illustrated by a particular case study but on how well each concept or issue is illustrated. Therefore greater depth in the assessment of the risk management issues rather than breadth is required. Indeed, some of the management team argued that each case should only illustrate one or two concepts or issues at most, but finally agreed that two or there is acceptable. 4. Prepare a report as specified below. The Report: Your report should contain the following sections: 1. Executive Summary: A concise review of the report including major findings and conclusions. This should be no more than one (1) A4 page. This section is allocated 3 marks out of 25. 2. Introduction and Aims: Outline the aims of the analysis and discuss the approach you have taken to develop your case material. Make explicit the criteria that you have used in choosing the risk management issue(s) identified in the case. Do not forget to identify six stages of crisis management(I will offer the slides in pdf). This should be no more than one to two (1-2) A4 pages. This section is allocated 2 marks out of 25. 3. Case Study: This section should include the full text of your case study includes the facts of the case and your analysis, and in particular why the risk management issues examined in the case occurred(such as crisis management issue). You also need to make s comparison and contrast with other company( such as Johnson & Johnson).This section should be no more than six (6) pages. This section is allocated 12 marks out of 25. 4. Conclusion and Recommendations. Identify the lessons that can be learned from the case, your conclusions and the nature of any control procedures and/or risk treatment systems that you recommend should have been implemented or where failures occurred and give the reasons for your recommendations. This section should be no more than four (4) A4 pages. This section is allocated 7 marks out of 25. 5. References: Please list the sources you have consulted for the completion of the report. This section is allocated 1 mark out of 25. 6. Management has specifically asked that case studies stay within the length limit and be no longer than ten (10) to eleven (11) single sided A4 pages (size 12 font, one and a half line spacing) excluding the cover page, the reference list and any attachments, unless prior approval is obtained. Longer case studies should be negotiated with your supervisor (course presenter).