[Home]RiskManagement

MeatballWiki | RecentChanges | Random Page | Indices | Categories

The idea that nothing is ever risk-free, so measures taken to avoid those risks should be proportional to the damage that can occur.

For instance, if your home is near a body of water, you may wish to build the foundation up so that it is above the flood plain. But do you avoid the 10, 100 or 1000 year flood plains? No matter which you choose, a flood will reach that point. The risks of building too low (flooded house, major repairs, property damage, more expensive or unavailable insurance) must be balanced against the cost (living farther from the water, 15 foot tall foundations)

See also SecureEnough

Implementations


Discussion

MeatballWiki | RecentChanges | Random Page | Indices | Categories
Edit text of this page | View other revisions | Search MetaWiki
Search: