Essays on Risk Management Assignment

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EXECUTIVE SUMMARYRisk Management has been emerging studies in the field of Business Administration. No business in this world is risk free, however the intensity might vary. To meet the unexpected contingencies of the future one has to be prepared with a master plan or the risk assessment scorecard to combat the future threat. This report deals with the Risk Management borne by the leading hotel of the industry, he Sheraton hotel in Abu Dhabi. The various fire safety features which should be imbibed in the construction of the hotel to keep up with the security norms at the time of fire prevention or rescue operations would be dealt intricately.

A major focus on the risk factors will also be featured. INTRODUCTIONThe marque ‘Sheraton’ is the leading chain of hotels located in almost all parts of the world. But to deal specifically with the construction of the Sheraton Hotel in Abu Dhabi, it is one of the most renowned and popular destination for many travelers. The hotel is situated in the heart of the city, near Zayed Road running adjacent to the beach facingdue south.

The total accommodation available in the hotel is for maximum 000 occupants with employment of 00 staff members. Abu Dhabi is a rise building with 54 floors, ground floor consisting of restaurant, kitchen and a waiting lounge. For leisure, cuzzi’s, steam rooms and swimming pool have been constructed. Th ground areas are chosen for the above facilities because they are the low risk regions, as very few fire start from such areas. Keeping the fire safety norms in mind 8 emergency exits along with the main entrance ha been built.

Each floor consists of four exits connecting to the staircase. Provision of adequate lifts and elevators up to the 54th floor has been undertaken, in addition to the 4 fire-fighting lifts to provide access for transporting fire-fighter’s equipment at times of need. RISK MANAGEMENTThere has been trend of rising fires in tall sky scrapers. Risk anagement is a tool to curb the extent of fire or mitigate the destruction and loss of life and property. Highe buildings which catch fire are generally beyond the reach of the fire department ladders (Scott Siddens, 2008). Under such conditions one has to be thoroughly prepared for the disasters which might occur in future, thus when construction of such highrise building is undertaken, all measures nto control and prevent adverse situations put into action. PROCEDURE FOR RISK MANAGEMENTTo strategize for any kind of risk management plan one needs yo concentrate on a five step procedure, firstly to recognize the hazards which might occur due to accidents.

Secondly to identify people who can be harmed or injured in the process. Thirdly, the current status of the rescue operations, availability of equipment, workforce, security alarms etc inally how the planned procedure has to be implemented should be well communicated to each and every member of the crew efficient and effective execution. FIRE SAFETY PROCEDURES IN THE HOTELThere are various means to combat the threat of fire, few of them incorporated in the Sheraton Hotel structure are:

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