This document discusses key concepts in disaster management including vulnerability, risk, capacity, and resilience. It defines vulnerability as the characteristics that make a community susceptible to hazards, and risk as the potential losses from hazards interacting with vulnerability. Capacity is the ability to cope with or decrease vulnerability, involving information, authority, institutions, partnerships, plans and resources. Building resilience through access to resources and capabilities allows communities to prepare for and recover from disasters. Understanding these concepts is important for effective disaster management.