Emergency Management, in the context of risk management, refers to the discipline of dealing with and, if possible, avoiding foreseeable risks. There are three key components to Emergency Management: Mitigation, Preparedness & Response and finally Recovery.
Mitigation – The process of assessing possible risks and taking preventative actions; i.e. isolating hazardous chemicals to secure employee safety.
Preparedness & Response – The process of preparing adequate contingency plans in the event of an emergency, determining how they will be implemented and by whom; i.e. how to care for employees exposed to hazard(s).
Recovery – The process of preparing detailed plans with action points and/or corrective actions; i.e. knowing how the organization will alleviate the hazard(s), move forward with employee care, public relations, etc.