Chevron Environmental Risk Management

Chevron Environmental Risk Management - Environmental Risk...

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Unformatted text preview: Environmental Risk Management at Chevron Professor Doug Cerf Donald Bren Graduate School of Environmental Science and Management Environmental Risk Management (ESM 286) Winter 2008 Printed on recycled paper-actually better, not printed at all Management Decision Simulate the environment where a recommendation is made to management regarding the implementation of DEMA Quantitative environmental risk analysis decision making model (DEMA) Should Chevron move to a more systematic system to manage environmental risk? From a decision framework to assess risk through a qualitative and judgmental evaluation to quantitative system A superior system is where a quantitative analysis informs experienced judgment DEMA is used on a test basis in the refinery in Richmond, California, and Chevron Overseas Petroleum Inc. (COPI), should it be implemented company wide? Printed on recycled paper-actually better, not printed at all The Process Teams physically organize in their groups. A team (volunteer) states their case Other teams should: Support other teams specific statements with explanations Debate other teams specific statements with explanations Add related considerations to specific topic being discussed A second/third team should state their case Discuss the following to conclude the discussion Printed on recycled paper-actually better, not printed at all Case questions What risks is Chevron management worried about? If you are the CEO at Chevron, are you more worried that line managers in the field will spend too much money on environmental risk management, or are you worried that they wont spend enough? Is Chevron using the right tools for managing environmental business risk? Why do the tools differ from those used to manage other types of business risk? Should Chevron make company wide use of quantitative risk management tools like DEMA? Printed on recycled paper-actually better, not printed at all What risks is Chevron management worried about? Risk of damage to the natural environment, human health, and corporate profitability or all of the above Environmental externalities and impact on public goods at every stage of their value chain Public good, non rival (ones consumption does not impact others) and non excludable (consumption can not be restricted) A cake is not a public good...
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Chevron Environmental Risk Management - Environmental Risk...

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