disaster management

Risk is the probability that a hazard will turn into a disaster. Vulnerability and
hazards are not dangerous, taken separately. But if they come together, they
become a risk or, in other words, the probability that a disaster will happen.
Nevertheless, risks can be reduced or managed. If we are careful about how we
treat the environment, and if we are aware of our weaknesses and vulnerabilities to
existing hazards, then we can take measures to make sure that hazards do not turn
into disasters.

Risk management doesn't just help us prevent disasters. It also helps us to put into
practice what is known as sustainable development. Development is sustainable
when people can make a good living and be healthy and happy without damaging the
environment or other people in the long term. For instance, you can make a living
for a while by chopping down trees and selling the wood, but if you don't plant more
trees than you cut down, soon there will be no trees and will no longer have the
means to make a living. So, it isn't sustainable.

The risk management benefits the organization by:

• Creating the probability of business continuity, no matter what adverse event happens.

• Reducing – or even eliminating – unproductive time spent in problem ‘Firefighting’

• Avoiding wasted time and money that comes from unsuccessful activity.

• Ensuring a robust, resilient operation, reducing cost of downtime and service.

• Protecting the assets of organization including its staff, share value, market brand value, reputation, credit rating and intellectual asset as well as physical asset.

• Avoiding penalties from failure of compliance or statutory requirement

• Avoiding adverse publicity from business or operational failure

• Optimizing the funds available for investment and protecting and enhancing of those funds.

• Reducing employee stress and turnover.

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Mon, 11/04/2011 - 22:29