A Study on Disaster Risk Financing by Applying P2M

Abstract

The impact of disasters on business operations is serious and ensuring business continuity through appro-priate preparedness is essential for economic recovery. Risk finance, as a method of disaster risk prepared-ness, is designed to mitigate or quickly recover from damage by facilitating the smooth functioning of fi-nance. However, to promote risk finance, risk assessment and countermeasure methods are being proposed by several financial institutions, and there is no one type of business that can provide a one-stop risk solu-tion. To solve the problem, this paper proposes a disaster finance framework that utilizes P2M for enter-prise-wide management of program and project.