Disaster Risk Management (DRM) is the application of Disaster Risk Reduction (DRR) policies and strategies, to prevent new disaster risks, reduce existing disaster risks, and manage residual risks, contributing to the strengthening of resilience and reduction of losses. Disaster risk management actions can be categorized into; prospective disaster risk management, corrective disaster risk management and compensatory disaster risk management (also referred to as residual risk management). Disaster Risk Reduction (DRR) is the concept and practice of reducing disaster risks through systematic efforts to analyze and reduce the causal factors of disasters. Reducing exposure to hazards, lessening vulnerability of people and property, wise management of land and the environment, and improving preparedness and early warning for adverse events are all examples of disaster risk reduction. The main custodian of DRR is the Sendai Framework for Disaster Risk Reduction.
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