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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]
These disparities are reflected in both access to services, [1] health outcomes, and the effects of climate change which exacerbate the incidence of infectious diseases. [2] One major challenge is the varying financing for local government units, leading to differences in the benefits packages of insurance plans and difficulties in accessing ...
Performing a risk assessment: The planning committee prepares a risk analysis and a business impact analysis (BIA) that includes a range of possible disasters. Each functional area of the organization is analyzed to determine potential consequences. Traditionally, fire has posed the greatest threat.
Project NOAH was a response to President Aquino's call for a better disaster prevention and mitigation system in the Philippines in the aftermath of the destructive Tropical Storm Sendong in December 2011. [2] [3] It was publicly launched by President Aquino, project head Mahar Lagmay, and other government officials in Marikina on July 6, 2012. [1]
There are various important ERM frameworks, each of which describes an approach for identifying, analyzing, responding to, and monitoring risks and opportunities, within the internal and external environment facing the enterprise. Management selects a risk response strategy for specific risks identified and analyzed, which may include:
An incident is an event that could lead to the loss of, or disruption to, an organization's operations, services or functions. [2] Incident management (IcM) is a term describing the activities of an organization to identify, analyze, and correct hazards to prevent a future re-occurrence.
As Vietnam's biggest conglomerate Vingroup doubles down on its electric vehicle business with ambitious global expansion plans, it faces growing financial risks stemming from loss-making unit ...
Outsourcing could be an example of risk sharing strategy if the outsourcer can demonstrate higher capability at managing or reducing risks. [31] For example, a company may outsource only its software development, the manufacturing of hard goods, or customer support needs to another company, while handling the business management itself.