In the wake of disasters like Nepal’s earthquake, proactive efforts provide a significant return on investment when reacting to the extraordinary challenges of response and recovery; they reduce the demand for reactive resources in environments rife with life safety constraints and limitations.
There is a truism as old as time itself – risk is never static. Despite overwhelming historical evidence as a driver to reduce risk, there are still organizations with a high tolerance and strong appetite for it. These organizations can be identified by undeveloped plans, frequent unintended consequences, non-existent training and ineffective processes. However, other organizations develop plans, conduct exercises and monitor events to profile and manage their risk. They pre-establish acceptable and unacceptable risk levels to aid countermeasure selection and manage anticipated impacts. This increases organizational risk capacity and resiliency. Our objective is to establish a balanced approach to risk. How is this achieved? Through the application of Integrated Risk Management.