Question

Hazard and vulnerability studies are included under which of the following aspects of risk management?

• A. Risk identification
• B. Risk reduction
• C. Adverse event management
• D. Recovery

Answer 1

The correct option is A Risk identification

Risk identification process involves activities related to hazard identification i.e to identify location, nature, intensity and likelihood (probability or frequency) of a threat and vulnerability analysis to determine the existence and degree of vulnerabilities and exposure to a threat. Vulnerability is a set of prevailing or consequential conditions arising from various physical, social, economic and environmental factors which increase the susceptibility of a community to the impact of hazards.