Hazard Mitigation, Assessment Strategies
Choose a major disaster caused by a natural hazard and discuss how a business can apply risk-assessment strategies to develop a business continuity plan for resiliency.
Sample Answer
Natural hazard: Let’s say the natural hazard is a hurricane.
Risk assessment: The first step is to conduct a risk assessment to identify the potential risks that the business faces from a hurricane. This includes assessing the likelihood of a hurricane occurring, the potential impact of a hurricane on the business, and the vulnerabilities of the business to a hurricane.
Business continuity plan: Once the risks have been identified, the next step is to develop a business continuity plan (BCP). The BCP should include a detailed plan for how the business will continue to operate in the event of a hurricane. This includes plans for: