Hazard Mitigation Plans (HMP)
Hazard Mitigation Planning
Risk Management Professionals has extensive experience developing FEMA-Approved Hazard Mitigation Plans (HMPs). HMP development includes the development of an understanding of the natural hazard risks, determining ways to reduce those risks, and prioritizing recommendations for implementation. An open, public process is used to verify candidate hazards, determine the full impacts throughout the planning area, interface with partner agencies to determine existing mitigation measures, develop possible approaches to projects which will reduce the impacts, and prioritize them for implementation. The analysis of current vulnerabilities and potential threats results in a prioritized list of recommended improvements and the estimated costs of implementing the improvements.
Our professionals prepare HMPs in accordance with FEMA requirements using the tools provided by FEMA and techniques developed from our background in Qualitative Risk Assessment (QRA), Seismic Safety, and Risk-Based Decision Making (RBDM). Hazard profiles, including vulnerability to earthquakes, floods, fires, power outages, tsunamis, and dam failure, are developed to serve as the basis for the damage assessment and corresponding loss estimates. Estimating losses is essential to decision-making, providing the basis for developing mitigation plans and policies, emergency preparedness, and response and recovery planning. Additionally, this basis is essential to ensure that the agency will gain as much risk reduction as possible from the funds set aside for the implementation of recommended improvements to facilities and response procedures.
Benefit Cost Analysis
In order to develop a mechanism for prioritizing the mitigation projects for implementation, Risk Management Professionals completes preliminary Benefit-Cost Analyses (BCA) for each recommended project. The cost of implementing the mitigation recommendation, annual benefit (annual loss without mitigation minus the annual loss with mitigation), and annualized hazard probability are determined to calculate the Benefit-Cost Ratio (BCR) for each recommendation. According to FEMA, mitigation projects with a BCR greater than one are considered worthwhile investments and are eligible for grant funding. In addition, this preliminary Benefit-Cost Analysis also provides a basis for determining which projects will be eligible for funding under the Pre-Disaster Mitigation (PDM) grant program. Risk Management Professionals utilizes the FEMA approved BCA Toolkit to develop the BCA for the identified mitigation projects.
Risk Management Professionals creates high-quality Geographic Information System (GIS) maps that explicitly identify potential hazards, including flooding (FEMA FIRM data), earthquake (fault lines and peak ground acceleration), fire history maps, tsunami/hurricane, pipelines, etc. Additionally, as part of the hazard analysis Risk Management Professionals overlays the hazard maps onto detailed asset inventory locations to quantify the overall vulnerability each hazard poses.