You are the emergency manager in a city with a population of 250,000 in the western United States. The director of economic development has asked for your assistance in creating his strategic plan. In terms of CIKR, an asset is a person, facility structure, facility, information, material, or process that has value.

In an informational memorandum of 750-1,000 words, describe and explain to your city's director of economic development how you would assess the value of the 5 most critical assets in your city. You should ensure that you fully explain the term value because the director may not fully understand how emergency managers use or apply the concept.

Assignment Guidelines

Address the following in an informational memorandum of 750-1,000 words:

Explain the concept of valuewith regard to emergency management.

How does value in emergency management differ from monetary value of goods, for example?

Is value in emergency management objective or subjective? Explain why.

Identify and describe 4-6 key assets in your locality.

Remember, assets are people, facility structures, facilities, information, materials, or processes that have value.

What is the value of each of the identified assets? Explain.

How would you determine the 5 most critical assets in your locality?

What criteria would you use to determine asset value? Explain.

What tools or methods would you use to determine asset value? Why?

What problems might arise while assessing the value of the critical assets? Explain.

How would you alleviate those problems?

What are the 5 most critical assets in your locality? Explain.

Compile your responses in your final memorandum, and submit the file to your instructor.

Be sure to reference all sources using APA style.