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Five basic strategies to control risks that arise from vulnerabilities [2] Defense - Applying safeguards that eliminate or reduce the remaining uncontrolled risk; Transferral - Shifting risks to other areas or to outside entities; Mitigation - Reducing the impact of information assets should an attacker successfully exploit a vulnerability
A good risk management plan should contain a schedule for control implementation and responsible persons for those actions. There are four basic steps of risk management plan, which are threat assessment, vulnerability assessment, impact assessment and risk mitigation strategy development. [33]
Mitigation planning identifies policies and actions that can be taken over the long term to reduce risk, and in the event of a disaster occurring, minimize loss. Such policies and actions are based on a risk assessment , using the identified hazards , vulnerabilities and probabilities of occurrence and estimates of impact to calculate risks ...
Flood mitigation is a related but separate concept describing a broader set of strategies taken to reduce flood risk and potential impact while improving resilience against flood events. As climate change has led to increased flood risk an intensity, flood management is an important part of climate change adaptation and climate resilience.
[5] Eliminating hazards and substituting safer alternatives can be challenging to implement within existing processes. These strategies are most effective when applied during the design or development phases of a workplace, tool, or procedure. At this stage, they often represent the most straightforward and cost-effective solutions.
Its policy goals and objectives are defined in disaster risk reduction strategies and plans. [2]: 16 The term disaster risk management (DRM) is often used in the same context and to mean much the same thing. That is a systematic approach to identifying, assessing, and reducing risks associated with hazards and human activities.
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