Vulnerability Assessment. How to Protect a Business Premise from Hazards?

Inhaltsangabe oder Einleitung

The purpose of this paper is to provide a vulnerability management assessment for ABC business premise of the company ABC. This paper argues that while risk causes harm to lives and property in a business, vulnerability is what makes the impact of such a risk to become extremely devastating or magnified.

It has been established through research that, at times, risks or accidents might occur but without much impact on living or non-living things. This is to argue that the accident, for example, fails to get the attention of the population settlements it was intended to harm. For example, when a bomb explodes, the expectation is that it should harm most people in the building where it has exploded if not all of them. However, when the building is bomb-proof, and well-built, its inhabitants will not even realize the that the bomb exploded. In other words, they will not feel the impact of the bomb. This can only happen when people and things are not vulnerable. A system’s vulnerability can be related to the physical and social as well as economic aspects that it has.

Therefore, the paper covers the reasons why vulnerability assessment must be conducted in the business premise, components of vulnerability assessment tool specific to this case and the steps that can be taken to mitigate the identified vulnerabilities.