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ASTM E2506-06

Historical Revision

Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

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1.1 This guide describes a generic framework for developing a cost-effective risk mitigation plan for new and existing constructed facilities-buildings, industrial facilities, and other critical infrastructure. This guide provides owners and managers of constructed facilities, architects, engineers, constructors, other providers of professional services for constructed facilities, and researchers an approach for formulating and evaluating combinations of risk mitigation strategies.

1.2 This guide insures that the combinations of mitigation strategies are formulated so that they can be rigorously analyzed with economic tools. Economic tools include evaluation methods, standards that support and guide the application of those methods, and software for implementing the evaluation methods.

1.3 The generic framework described in this guide helps decision makers assess the likelihood that their facility and its contents will be damaged from natural and man-made hazards; identify engineering, management, and financial strategies for abating the risk of damages; and use standardized economic evaluation methods to select the most cost-effective combination of risk mitigation strategies to protect their facility.

1.4 The purpose of the risk mitigation plan is to provide the most cost-effective reduction in personal injuries, financial losses, and damages to new and existing constructed facilities. Thus, the risk mitigation plan incorporates perspectives from multiple stakeholders-owners and managers, occupants and users, and other affected parties-in addressing natural and man-made hazards.


SDO ASTM: ASTM International
Document Number E2506
Publication Date Sept. 15, 2006
Language en - English
Page Count 12
Revision Level 06
Supercedes
Committee E06.81
Publish Date Document Id Type View
April 1, 2020 E2506-15R20E01 Revision
Aug. 1, 2015 E2506-15 Revision
March 1, 2011 E2506-11 Revision
Sept. 15, 2006 E2506-06E01 Revision
Sept. 15, 2006 E2506-06 Revision