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
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 Power8 program. Figure 10–1 shows EADS, the parent company of Airbus, as level 1, along with four other operating units that managed their own risks.