ASTM E2506-15(2020)e1
Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

Standard No.

ASTM E2506-15(2020)e1

Release Date

2020

Published By

American Society for Testing and Materials (ASTM)

Latest

ASTM E2506-15(2020)e1

Scope

1.1 This guide describes a generic framework for developing a cost-effective risk mitigation plan for new and existing constructed facilities—buildings, industrial facilities, and other critical infrastructure. This guide provides owners and managers of constructed facilities, architects, engineers, constructors, other providers of professional services for constructed facilities, and researchers an approach for formulating and evaluating combinations of risk mitigation strategies. 1.2 This guide insures that the combinations of mitigation strategies are formulated so that they can be rigorously analyzed with economic tools. Economic tools include evaluation methods, standards that support and guide the application of those methods, and software for implementing the evaluation methods. 1.3 The generic framework described in this guide helps decision-makers assess the likelihood that their facility and its contents will be damaged from natural and man-made hazards; identify engineering, management, and financial strategies for abating the risk of damages; and use standardized economic evaluation methods to select the most cost-effective combination of risk mitigation strategies to protect their facility. 1.4 The purpose of the risk mitigation plan is to provide the most cost-effective reduction in personal injuries, financial losses, and damages to new and existing constructed facilities. Thus, the risk mitigation plan incorporates perspectives from multiple stakeholders—owners and managers, occupants and users, and other affected parties—in addressing natural and man-made hazards. 1.5 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use. 1.6 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

ASTM E2506-15(2020)e1 Referenced Document

• ASTM E1057 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
• ASTM E1074 Standard Practice for Measuring Net Benefits for Investments in Buildings and Building Systems
• ASTM E1121 Standard Practice for Measuring Payback for Investments in Buildings and Building Systems
• ASTM E1185 Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems
• ASTM E1369 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
• ASTM E1557 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
• ASTM E1699 Standard Practice for Performing Value Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes*， 2020-10-01 Update
• ASTM E1765 Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems
• ASTM E1946 Standard Practice for Measuring Cost Risk of Buildings and Building Systems
• ASTM E2103/E2103M Standard Classification for Bridge Elements—UNIFORMAT II
• ASTM E2166 Standard Practice for Organizing and Managing Building Data*， 2023-05-01 Update
• ASTM E2204 Standard Guide for Summarizing the Economic Impacts of Building-Related Projects
• ASTM E631 Standard Terminology of Building Constructions
• ASTM E833 Standard Terminology of Building Economics*， 2024-04-21 Update
• ASTM E917 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
• ASTM E964 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems

ASTM E2506-15(2020)e1 history

• 2020 ASTM E2506-15(2020)e1 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• 2015 ASTM E2506-15 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• 2011 ASTM E2506-11 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• 2006 ASTM E2506-06e1 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
• 2006 ASTM E2506-06 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities