Diata, Mekaela B.

ARC 4106
DESIGN 7- ACTIVITY
Based on a web-based source, define the following terminologies (No Wikipedia
please). Allocate a reference page for the citations / links.

a. Risks
- Risk is the chance or probability that a person will be harmed or experience an
adverse health effect if exposed to a hazard. It may also apply to situations with
property or equipment loss, or harmful effects on the environment. (Hazard and Risk,
2022)

- Architecture risk is the potential for an architectural design to fail to satisfy the
requirements for a project. This includes capacity limitations,
poor quality designs, flaws and inefficiencies that are either rejected by the
sponsor or impede project work. (What is Architecture Risk?, 2010)

b. Hazard
- A hazard is any source of potential damage, harm or adverse health effects
on something or someone. (Hazard and Risk, 2022)

c. Disaster
- Disasters are serious disruptions to the functioning of a community that exceed
its capacity to cope using its own resources. Disasters can be caused by
natural, man-made and technological hazards, as well as various factors that
influence the exposure and vulnerability of a community. (Mizutori, 2020)

d. Hydro Meteorological hazards

- Hydrometeorological hazards are of atmospheric, hydrological or
oceanographic origin. Examples are tropical cyclones (also known as typhoons
and hurricanes); floods, including flash floods; drought; heatwaves and cold
spells; and coastal storm surges. Hydrometeorological conditions may also be
a factor in other hazards such as landslides, wildland fires, locust plagues,
epidemics and in the transport and dispersal of toxic substances and volcanic
eruption material. (Understanding Disaster Risk, 2017)

e. Geological hazards
- Geological or geophysical hazards originate from internal earth processes.
Examples are earthquakes, volcanic activity and emissions, and related
geophysical processes such as mass movements, landslides, rockslides,
surface collapses and debris or mud flows. Hydrometeorological factors are
important contributors to some of these processes. Tsunamis are difficult to
categorize: although they are triggered by undersea earthquakes and other
geological events, they essentially become an oceanic process that is
manifested as a coastal water-related hazard. (Understanding Disaster Risk,
2017)
f. Hazard Susceptibility
- Susceptibility means “the state of being susceptible” or “easily affected.” In
natural hazards terms, susceptibility is related to spatial aspects of the hazard.
It refers to the tendency of an area to undergo the effects of a certain hazardous
process (e.g., floods, earthquakes, tsunamis, subsidence, etc.) without taking
into account either the moment of occurrence or potential victims and economic
losses. (Domínguez-Cuesta, 2016)

g. Risk Vulnerability
- Vulnerability describes the characteristics and circumstances of a community,
system or asset that make it susceptible to the damaging effects of a
hazard. There are many aspects of vulnerability, arising from various physical,
social, economic, and environmental factors. (Vulnerability and Risk, 2018)

h. Disaster Risk Exposure

- the location, attributes, and value of assets that are important to communities
(people, buildings, factories, farmland, etc.) and that could be affected by a
hazard. (#VIZRISK: UNDERSTANDING AND COMMUNICATING DISASTER
RISK, 2019)

i. Disaster Risk Exposure Assessment

- A qualitative or quantitative approach to determine the nature and extent of
disaster risk by analyzing potential hazards and evaluating existing conditions
of exposure and vulnerability that together could harm people, property,
services, livelihoods and the environment on which they depend. (Disaster Risk
Reduction Management, 2020)

j. Disaster Mitigation
- Mitigation is defined as “sustained action that reduces or eliminates long-term
risk to people and property from natural hazards and their effects.” It describes
the ongoing effort at the federal, state, local and individual levels to lessen the
impact of disasters upon our families, homes, communities and economy.
(Disaster Mitigation , 2019)

k. Risk Financing
- Risk financing is the determination of how an organization will pay for loss
events in the most effective and least costly way possible. Risk financing
involves the identification of risks, determining how to finance the risk, and
monitoring the effectiveness of the financing technique that is chosen.
(KAGAN, 2021)

l. Disaster Risk Reduction Management

- Disaster risk management is the application of disaster risk reduction policies
and strategies to prevent new disaster risk, reduce existing disaster risk and
manage residual risk, contributing to the strengthening of resilience and
reduction of disaster losses. (Disaster Risk Reduction Management, 2020)
 m. Vision Statement
- describes what a company desires to achieve in the long-run, generally in a
time frame of five to ten years, or sometimes even longer. It depicts a vision of
what the company will look like in the future and sets a defined direction for the
planning and execution of corporate-level strategies. (Team, 2022)

References
#VIZRISK: UNDERSTANDING AND COMMUNICATING DISASTER RISK. (2019). Retrieved from
Understanding Risk: https://understandrisk.org/vizrisk/what-is-risk/

Disaster Mitigation . (2019). Retrieved from New Bedford: https://www.newbedford-

ma.gov/emergency-management/emergencies-
disasters/mitigation/#:~:text=Mitigation%20is%20defined%20as%20%E2%80%9Csustained,%2C
%20homes%2C%20communities%20and%20economy.

Disaster Risk Reduction Management. (2020). Retrieved from United Nations Office of Risk Reduction :
https://www.undrr.org/terminology/disaster-risk-management

Domínguez-Cuesta, M. J. (2016, Januay 01). Encyclopedia of Natural Hazards. Retrieved from Springer
Link: https://link.springer.com/referenceworkentry/10.1007/978-1-4020-4399-
4_340#:~:text=Susceptibility%20means%20%E2%80%9Cthe%20state%20of,tsunamis%2C%20su
bsidence%2C%20etc.)

Hazard and Risk. (2022, November 13). Retrieved from Canadian Center for Occupational Health and
Safety: https://www.ccohs.ca/oshanswers/hsprograms/hazard_risk.html

KAGAN, J. (2021, June 29). Risk Financing . Retrieved from Investopedia:

https://www.investopedia.com/terms/r/risk-financing.asp

Mizutori. (2020). What is a Disaster? Retrieved from International Federation of Red Cross and Red
Crescent Societies: https://www.ifrc.org/our-work/disasters-climate-and-crises/what-disaster

Team, C. (2022, October 27). Vision Statement. Retrieved from CorporatE Finance Institute:
https://corporatefinanceinstitute.com/resources/management/vision-statement/

Understanding Disaster Risk. (2017). Retrieved from Prevention Wed:

https://www.preventionweb.net/understanding-disaster-risk/component-risk/hazard

Vulnerability and Risk. (2018). Retrieved from Government of Republic of Trinidad and Tobago:
https://odpm.gov.tt/node/162

What is Architecture Risk? (2010). Retrieved from Simplicable:

https://simplicable.com/new/architecture-risk