RISK MANAGEMENT IN EMERGENCIES: REDUCING VULNERABILITY OF PEOPLE AND ASSETS

Businesses function within a dynamic context, frequently facing negative events and challenges. Modern business processes highlight the need for managing emergency events under conditions of uncertainty. Uncertainty is directly related to risk. Risk management within the field of crisis management is primarily focused on identifying risks and implementing measures for their treatment. Different risk theorists offer various approaches to defining risk and the phases of risk management. The risk management process encompasses a wide range of activities carried out in specific phases, requiring the exploration of opportunities for developing and implementing a systematic approach. Different business systems have different technological processes, but the risk management process is based on the same foundation. Maintaining the quality of the system is directly dependent on the organization of risk management activities related to emergency events. The objective of this process is to reduce the vulnerability of people and material assets through the implementation of preventive and reactive measures.