Standard guide for developing a cost-effective risk mitigation plan for new and existing constructed facilities

  • Author(s): Prestemon, Jeffrey
  • Date: 2011
  • Source: ASTM International, West Conshohocken, PA E2506(11):1-19

Abstract

Protecting constructed facilities from damages from natural and man-made hazards in a costeffective manner is a challenging task. Several measures of economic performance are available for evaluating building-related investments. These measures include, but are not limited to, life-cycle cost, present value net savings, savings-to-investment ratio, and adjusted internal rate of return. This guide provides a generic framework for assessing the risks associated with natural and man-made hazards, formulating combinations of risk mitigation strategies for constructed facilities exposed to those hazards, and using measures of economic performance to identify the most cost-effective combination of strategies.

  • Citation: ASTM International. 2011. Standard guide for developing a cost-effective risk mitigation plan for new and existing constructed facilities. ASTM International, West Conshohocken, PA E2506(11):1-19.

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