Application of an ERM Framework and Its Real-Time System to Disaster Risk Management

The growing risks of economic, societal, and environmental losses from disasters increase a need for a system to prevent, mitigate, or deal with disasters. However, past research revealed that there are few practical tools and systems available to manage the risk of disasters. This research is to apply an Enterprise Risk Management (ERM) framework to disaster risk management for preventing, assessing, mitigating, preparing, controlling, and monitoring disaster risks, and then to show a possibility to use a real-time ERM system to manage the disaster risks.