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Fundamentals of Enterprise Risk Management by John J. HAMPTON

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CHAPTER 10AIRBUS A380 JUMBO JET

RISK QUOTE: Don’t worry about your heart; it will last you as long as you live.

—W. C. FIELDS, COMEDIAN AND MOVIE STAR

RISK QUOTE: They that are on their guard and appear ready to receive their adversaries are in much less danger of being attacked than the supine, secure and negligent.

—BENJAMIN FRANKLIN, SCIENTIST,PUBLISHER, AND DIPLOMAT

EADS Levels 1 and 2

In our discussion in this chapter, we provide still another example of the power of an ERM high-tech platform. The Airbus A380 is the project under consideration, and the time is 2006. Airbus was concerned about exposures to completion of development and launch of the A380 jumbo jet. The company had implemented a key risk management initiative, known as the ...

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