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The National Disaster Risk Reduction and Management Council (NDRRMC), formerly known as the National Disaster Coordinating Council (NDCC) until August 2011, is a working group of various government, non-government, civil sector and private sector organizations of the Government of the Republic of the Philippines established on June 11, 1978 by Presidential Decree 1566. [1]
Project NOAH (Nationwide Operational Assessment of Hazard) is the Philippines' primary disaster risk reduction and management program. Managed by the University of the Philippines, it was initially administered by the Department of Science and Technology (DOST) from 2012 to 2017.
A risk management plan is a document to foresee risks, estimate impacts, and define responses to risks. It also contains a risk assessment matrix.According to the Project Management Institute, a risk management plan is a "component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed".
ISO 31000 is a set of international standards for risk management.It was developed in November 2009 by International Organization for Standardization. [1] The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.
Risk is the potential of losing something of value, weighed against the potential to gain something of value. Risk hinders the achievement of objective and it has two attributes. Likelihood: Probability of Risk Event (P) Consequences: Impact of Risk Event (I) In Risk based internal auditing two types of risks are considered. Inherent risk
Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]