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creating a priority list for preparing for emergencies

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Considering the operational necessity of preparedness for whatever emergency, how can organizational priorities be established to dedicate funding for hypothetical situations when the day to day operations are being constantly challenged to operate within existing budget limitations?

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Solution Summary

Author describes how to create a priority list regarding emergency preparedness.

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Being fully prepared for whatever emergencies is ideal. However, it is not practical. The cost of building the factory 100 meters below the ground in case of a direct nuclear attack most likely would be beyond most budgets. So, one must calculate not just the negative result of any possibility, but also its possibility of happening. A simple calculation or best estimate of the ...

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