Risk Management: Something complicated?

Recently, I took an online Massive Open online Course (MOOC) entitled Risk and Opportunities: Managing Risks for Development facilitated by the World Bank. My impression at first was that risk management is a very difficult topic that would be challenging to comprehend. Surprisingly, it was not, and I learned a lot from the MOOC.

I will be sharing one of the valuable things I learned during the duration of the course.


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┬áManaging Risks may not be so complicated. It can actually start with the basic unit of society – the family, or a group of people living together – a community. In our country, the Philippines, disasters presents a lot of risks that hampers development. However, if each barangay (community) or even each family will gain the knowledge, protection and insurance to prevent or cope with risks, then there can be a lot of change on how the development of a place can push through even after a disaster.

Of course, these small units of society cannot do it alone and they need the help of the local government, national government and the international community especially for large-scale calamities like the typhoon Haiyan (Yolanda). Yet, it will all start with ONE, and these families and communities collectively through trusted leaders, cohesiveness and outside support can contribute to a whole nation who is resilient and has great coping mechanisms for disasters or calamities.