Risk Management 87
Risk Management 87 : The public process of deciding what to do when risk assessments indicate that risk, or the chance of loss, exists. Risk management encompasses choices and actions for communities and individuals (i.e., prevention, mitigation, preparedness, recovery) which are designed to: a) stop increasing the risk to future elements that will be placed at risk to natural and technological hazards, b) start decreasing the risk to existing elements already at risk, and c) continue planning ways to respond to and recover from the inevitable natural and technological hazard, including the imponderable extreme situation or catastrophic event
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