BP Texas City Refinery Takes 3 Years to Regain Production Levels After 2005 Explosion – The Cost of Management System Problems
What does a major accident cost?
The Houston Chronicle reports that production levels at BP Texas City won’t reach 2005 levels until sometime in 2008.
Without thinking about the lost lives and legal issues, just imagine the financial losses that could have been avoided if BP management had applied advanced root cause analysis and acted to correct problems before the explosion in 2005. Management System problems really do have big dollar impacts.
If you are a Senior Manager, are you insisting that investigators look for Management System problems? You are either a part of the solution or a part of the problem.
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