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Keeping the Initiative through disruptions – Developing a Business Continuity

Hyllienmark, Axel and Nilsson, Emil (2013) MIO920
Production Management
Abstract
Background: Historically, the risk management activities in Gambro have been focused
to ensure safety for patients and users of the company’s products where
Regulatory and legal demands have driven the development. Lately, the need
for a similar approach to assess and manage business risks has risen. When an
earthquake hit the company’s facilities in northern Italy in 2012, the company
did not have a predetermined plan for how to solve the crisis. Through good
management and a dedicated workforce, production was quickly recovered and
no patient harm occurred. After the experience the company realised the potential
benefits of proactive assessment and management of risks for business
interruptions.
Purpose: The purpose of this... (More)
Background: Historically, the risk management activities in Gambro have been focused
to ensure safety for patients and users of the company’s products where
Regulatory and legal demands have driven the development. Lately, the need
for a similar approach to assess and manage business risks has risen. When an
earthquake hit the company’s facilities in northern Italy in 2012, the company
did not have a predetermined plan for how to solve the crisis. Through good
management and a dedicated workforce, production was quickly recovered and
no patient harm occurred. After the experience the company realised the potential
benefits of proactive assessment and management of risks for business
interruptions.
Purpose: The purpose of this thesis is to develop a model for assessment of risks
that affects Gambro’s ability to deliver their products, i.e. operational disruption
risks. The model should capture different types and levels of risks
and be applicable and easy to use throughout the company. The harmonised
model should enable Gambro to identify and mitigate risks in a structured and
analytical manner.
Method: A constructive research approach is used where a practical solution to
the proposed problem is suggested. Academic literature, benchmarking, and
Gambro’s current organisation is the basis for the development of a framework
and governance for business risk management.
Conclusions: A model for assessing disruption risks was developed. The model is
divided into two general areas: the organisation and the procedure. An organisation
with three different levels with different responsibilities of the process
was developed. The three step procedure consists of the methodologies and
tools required for identification of critical activities and resources, analyse and
quantification of risks in terms of likelihood and business interruption value,
and evaluate possible the risk responses. (Less)
Please use this url to cite or link to this publication:
author
Hyllienmark, Axel and Nilsson, Emil
supervisor
organization
course
MIO920
year
type
M1 - University Diploma
subject
keywords
Risk Management, Business Continuity Planning, Business Continuity Management, Risk, Disruptions, Interruption Value, Gambro
other publication id
13/5459
language
English
id
4024471
date added to LUP
2013-09-13 15:37:11
date last changed
2013-09-13 15:37:11
@misc{4024471,
  abstract     = {Background: Historically, the risk management activities in Gambro have been focused
to ensure safety for patients and users of the company’s products where
Regulatory and legal demands have driven the development. Lately, the need
for a similar approach to assess and manage business risks has risen. When an
earthquake hit the company’s facilities in northern Italy in 2012, the company
did not have a predetermined plan for how to solve the crisis. Through good
management and a dedicated workforce, production was quickly recovered and
no patient harm occurred. After the experience the company realised the potential
benefits of proactive assessment and management of risks for business
interruptions.
Purpose: The purpose of this thesis is to develop a model for assessment of risks
that affects Gambro’s ability to deliver their products, i.e. operational disruption
risks. The model should capture different types and levels of risks
and be applicable and easy to use throughout the company. The harmonised
model should enable Gambro to identify and mitigate risks in a structured and
analytical manner.
Method: A constructive research approach is used where a practical solution to
the proposed problem is suggested. Academic literature, benchmarking, and
Gambro’s current organisation is the basis for the development of a framework
and governance for business risk management.
Conclusions: A model for assessing disruption risks was developed. The model is
divided into two general areas: the organisation and the procedure. An organisation
with three different levels with different responsibilities of the process
was developed. The three step procedure consists of the methodologies and
tools required for identification of critical activities and resources, analyse and
quantification of risks in terms of likelihood and business interruption value,
and evaluate possible the risk responses.},
  author       = {Hyllienmark, Axel and Nilsson, Emil},
  keyword      = {Risk Management,Business Continuity Planning,Business Continuity Management,Risk,Disruptions,Interruption Value,Gambro},
  language     = {eng},
  note         = {Student Paper},
  title        = {Keeping the Initiative through disruptions – Developing a Business Continuity},
  year         = {2013},
}