Natural Hazards Of Australia Chapter 3 Summary

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Chapter 3 of the Natural Hazards of Australia discusses the nature of Risk Analysis as a significant aspect of the management process and the classification of risk.
Risk refers to the chance or situation of danger occurring that will have an impact on people, places or things. Usually contributing to some sort of loss based off the exposure of the hazard due to vulnerability.
Risk management process has five significant steps which include; context, identification of risk, assessment of risk and how it can be treated. Although risk management follows a particular procedure, it is fairly dependent on the situation at hand, as every hazard is different in for example, numbers or population, location sites, and various other circumstances which