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Risk management is the process of addressing risks, preparing for them, and mitigating their effects. It applies to governments, communities, businesses, families, and individuals. The goals of risk management are building resilience and prosperity. Examples show how risk management strategies like early warning systems, emergency preparation, and social safety nets can save lives and strengthen communities by helping them prepare for and cope with risks like natural disasters, economic crises, and food insecurity.
Risk management is the process of addressing risks, preparing for them, and mitigating their effects. It applies to governments, communities, businesses, families, and individuals. The goals of risk management are building resilience and prosperity. Examples show how risk management strategies like early warning systems, emergency preparation, and social safety nets can save lives and strengthen communities by helping them prepare for and cope with risks like natural disasters, economic crises, and food insecurity.
Risk management is the process of addressing risks, preparing for them, and mitigating their effects. It applies to governments, communities, businesses, families, and individuals. The goals of risk management are building resilience and prosperity. Examples show how risk management strategies like early warning systems, emergency preparation, and social safety nets can save lives and strengthen communities by helping them prepare for and cope with risks like natural disasters, economic crises, and food insecurity.
Risk Management is the process of confronting risks, preparing for them and
coping with their effects.
Risks can be various: Natural Disasters, Economic Crises, Job Losses, Disease, Crime, etc.
Risk Management CAN: Save Lives Prevent Crises Unleash Opportunities
Risk Management CAN motivate and enable people to innovate and undertake innovations in a risky and uncertain world.
Risk Management applies to everyone: the governments, communities, enterprises, families, individuals.
Risk Management goals are: Resilience Building
Prosperity Building To DO or not to DO ? BEFORE:
AFTER:
Which PICTURE do you want to be in? BANGLADESH 1970 BHOLA Cyclone: The deadliest tropical cyclone ever recorded Up to 500,000 people lost their lives The storm surge devastated many of the offshore islands, wiping out villages and destroying crops throughout the region. The Indian government received information about the cyclone but because of the hostile inter-country relations it was not passed on to the Pakistani government (Bangladesh was part of Pakistan at that point) A large part of the population was reportedly taken by surprise by the storm The storm warning system that existed was not used properly, which may have cost tens of thousands of lives BANGLADESH 2007 SiDR Cyclone: One of the worst natural disasters in Bangladesh. Up to 15,000 people lost their lives In the 30 years after the 1970 cyclone, over 200 cyclone shelters were constructed in the coastal regions of Bangladesh. The Cyclone Preparedness Programme warned people of the cyclone two to three days before it struck land. Thousands of emergency officials were put on standby in eastern India and Bangladesh in advance of the storm's arrival The storm surge was communicated to the emergency response authorities in Bangladesh, prompting a massive evacuations of low-lying coastal areas People were housed in 1,800 multipurpose disaster shelters built along the coast. Cyclone walls planted within trees are in place to protect vulnerable areas from storm surges. BEFORE:
AFTER:
Which PICTURE do you want to be in? ETHIOPIA 1999-2000 Drought: Between 10,000 and 100,000 people died following three consecutive years of drought A combination of drought, localized crop failure and worsening poverty in chronically vulnerable parts of the country threatened the livelihoods of an estimated 10 million people. The poorest 40% lost 60-80% of their assets. This famine was triggered by drought but exacerbated by slow government and donor response. Bad relations between the government and donors at the crucial time, and lack of accountability for famine prevention at both national and international levels. Ethiopia has the greatest water reserves in Africa, but few irrigation systems in place to use it ETHIOPIAs 2005 Productive Safety Net Program (PSNP): PSNP targets chronically food insecure households. The combination of cash and food transfers is based on season and need, with food given primarily in the lean season between June and August. Vulnerable households receive 6 months of assistance annually to protect them from acute food insecurity. Additionally, food and cash assistance is extended to an additional 3 months under its Risk Financing Mechanism during periods when food insecure people are affected by unpredicted shocks. This program was targeted at protecting the most vulnerable and to build the security to counteract the effects of drought giving public work to people. In 2009 Ethiopia was the country with the biggest program of this type.
Conclusion. The collective actions of individuals, communities, governments, etc. can help to MANAGE RISK properly and DEVELOP.