The Global Risk Miyamoto Risk Reduction Program (ERRP) utilizes Performance Based Design concepts and applies them to existing facilities.

The purpose of the work is to quantify the existing ”as-is” risk by estimating the Probable Maximum Damage (or Probable Maximum Loss) to the identified building, equipment, and contents, and the likely duration of business interruption.  The purpose is also to identify major deficiencies which, if eliminated, would likely provide the greatest reduction in risk at the evaluated location(s).  The study can consider damage potential due to earthquake, flood, windstorm and hurricane, and other exposures.

Phase I
Phase I provides a Risk Manager with a quick, realistic estimate of the corporation's existing Probable Maximum Loss (PML). Loss control opportunities are identified and prioritized so that management can decide whether it is necessary to continue to the next phase.

Phase II
Phase II focuses on the buildings and equipment that are identified as having an unacceptably high risk. Through state-of-the-art analysis, we develop options for various levels of risk reduction (cost vs. benefit analyses).

The Global Risk Miyamoto (GRM) Risk Reduction Program (click to see chart)

	•		Studies damage potential due to earthquake, flood, windstorm and hurricane, and other exposures; a phased approach with priorities and business decisions based on actual expected loss scenarios, damage estimates, and retrofit schemes.
	•		Understands the risks and quantifies the damage with a quick, realistic estimate of the corporation's existing Probable Maximum Loss (PML). Loss control opportunities are identified and prioritized so that management can decide whether it is necessary to continue on to further steps.
	•		Develops options for strengthening and performs cost vs. benefit analysis for the buildings, equipment, and systems that are identified as having an unacceptably high risk.
	•		Prioritizes solutions that make business sense on the basis of safety, budgets and overall corporate goals.