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Publication Information

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

Author: Prestemon, Jeffrey

Date: 2011

Source: ASTM International, West Conshohocken, PA E2506(11):1-19

Publication Series: Scientific Journal (JRNL)

Description: 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.

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

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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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