Assignment Task: You are the new risk manager based at a university campus called Alpha University in Victoria. The Alpha University campus located in a rural bush setting near a large river, and floods are an ongoing major threat to the campus. You are required to provide a bow-tie analysis (see Fig 16.2, Hopkin 2018, p.186) for the risk source (major flood) and detail in descriptive analysis below your bow-tie diagram of how you will:
- Prevent flood risks and associated losses before they happen (Loss prevention) ( risk source Strategic, Tacticle, Operational, Compliance);
- Reduce loss or damage during a flood event (Damage limitation); and
- Contain costs after there is a flood (Cost containment) (Financial, Infrastructure, reputational, market place).
Use academic, practitioner or quality expert literature to help justify your above analyses (minimum 3 references);
In section 1 a good expert source to support your report could constitute sources from Emergency Services, Australian/ Victorian Government, Bureau of Meteorology, Australian Bureau of Statistics, Australia/ Victoria Police crime report