1. Explain how the fundamentals concepts and principals of Risk Management apply at home, at work, in the community, and at critical infrastructure locations. Risk management at home is the steps we take, sometimes intuitively, in dealing with problems that might arise. Examples include setting the alarm, buying a generator, or locking the doors. Nevertheless all approach risk in different ways. While most people might set the alarm as they leave the house, fewer people might do so if they are at home and yet fewer people might buy generators to be prepared in the event of a power emergency. The determining factors are personalities, experiences, risk tolerance levels, etc. Community risk assessment can be very complex or very basic depending …show more content…
The NIPP-2013 critical infrastructure risk management is applicable to an asset, system, network, or even functional basis. If the CI operator is largely dependent on fixed assets and physical facilities, an asset by asset approach may be suitable. This would be a bottom-up approach. Sectors such as communications, IT, food and agriculture should use a top-down or business continuity approach where the interdependencies are critical and are identified and dealt with in an effective manner. In CI environment risk management approach includes activities such as setting goals and objectives, detail identification of assets, systems, networks, and interdependencies, risk analysis along with direct and indirect consequences, risk management to control, accept, transfer, or avoid risks (which take into account prevention, protection, mitigation, response, and recovery), and lastly, measuring effectiveness. Interwoven in these steps are considerations for resiliency, the physical, cyber, and human elements of …show more content…
In the world of software development, there are at least five risk management methodologies. Boehm’s Software Risk Management model focuses on the concept of “risk exposure” as defined by the relationship where the probability of an unsatisfactory outcome and the loss due to the unsatisfactory outcome determine the valence of the risk event. The method developed by Boehm is the original Risk Management
It is imperative that Health Care Professionals learn to manage risk. There are many factors to think about including environment, assessment, identification and prioritising when managing risk. Being able to strategically implement preventative measures will help in managing risk. Risk management works hand in hand with all enablers set out by chapelhow.
There is a lot of complexity in understanding risk management and its correlation to homeland security. Risk management is a way to approach the fact that securing the homeland is not certain and there are unknown variables in every aspect of life; risk management is a way to narrow down the focus based on quantifiable information determining probability against capability. Risk management plays and integral role in homeland security. Risk management is employed using a formula described in the NIPP for establishing a narrow scope to make the best decision about protecting infrastructure. The risk management formula lays down the foundation to make the most reasonable determination based on the potential consequences, vulnerability, and
What concerns the government of the United States most is the security of the critical infrastructure from the cyber threats. The nation is depending heavily on the technology in most of its critical sectors to keep it up and running. Thus, this makes its more vulnerable to cyber-attacks from outsiders and insiders. Therefore, its protection must be a priority.
Most people think that nothing bad will happen to them (e.g. robbery, kidnapping, theft, rape, domestic violence and so on), but the truth is that no one is protected. It is widely known how powerful the personal experience can be regarding the recognition of risk and the eagerness to take to take precautions. Even when people fail to take precautions, this also can be attributed to experience, which means it needs an examination.
Critical infrastructure protection (CIP) is a concept that relates to the preparedness and response to serious incidents that involve the critical infrastructure of a region or nation. Eliminating threats is impossible, so protecting against them without disrupting business innovation and growth is a
Hillson, D, & Simon, P. (2012). Practical project risk management: The ATOM methodology (2nd ed.). Vienna, VA.: Management Concepts.
Rather, it is centered around comprehension the key risks an organization confronts then going for broke at the best time in the wake of utilizing the most suitable safety measures (Valderrey, 2016). Even in the best of times, in the event that you are to oversee risk successfully, you should make to a great degree decision making ability calls including information and measurements, have an unmistakable feeling of how all the moving parts cooperate, and convey that well. In the most noticeably awful of times, risk management can go into disrepair. Recorded models can come up short, liquidity can become scarce, and relationships can get to be more grounded all of a
When it comes to protecting an infrastructure, careful planning and coordination needs to take place. Protecting an infrastructure takes an important security initiative called Critical Infrastructure Protection (CIP). The United States critical infrastructure is protected by the Department of Homeland Security.
Infrastructure Protection Plan Jasmeih Green Theories of Security Management July 23, 2017 Infrastructure Protection Plan Phase 1: Memo To: Chief Information Officer From: Information Systems Security Director Date: July 23, 2017 Subject: National Infrastructure Protection Plan As an “ Information Systems Security Manager” I find that the National Infrastructure Protection Plan (NIPP) provides the binding structure to the reconciliation of the existing and future Critical Infrastructure and Key Resources (CIKR) insurance endeavors and flexibility techniques into a national program that will allow to accomplish this objective. The NIPP structure underpins the prioritization of protection and versatility activities, and speculations
National security in the United States is extremely important and requires extensive risk management measures including strategic, exercise, operational and capability-based planning, research, development, and making resource decisions in order to address real-world events, maintain safety, security and resilience (Department of Homeland Security [DHS], 2011). The national security and threat assessment process consists of identifying the risk and establishing an objective, analyzing the relative risks and environment, exploring alternatives and devising a plan of action for risk management, decision making and continued monitoring and surveillance (DHS, 2011). Identifying risks entails establishing a context to define the risk, considering related risks and varying scenarios, including the unlikely ones, which then leads to the analysis phase; gathering data and utilizing various methodologies and analysis data software systems to survey incidence rates, relative risks, prevalence rates, likelihood and probable outcomes (DHS, 2011). These two key phases lay the foundation to explore alternatives and devise action plans. Threats, vulnerabilities and consequences (TCV) are also a key component of many national security risk management assessments because it directly relates to safety and operation capabilities, but the text stress that it should not be included in the framework of every assessment because it is not always applicable (DHS, 2011).
Risk management is among the most important practices in the field of project management. A successful project completion and risk management often go side by side. An interesting aspect of project management is that a project can sti...
Critical infrastructure is not adequately defended from cyber-attacks. Companies and government agencies are starting to work towards adequate cyber security however, this is no easy process. There are endless numbers of exposures like computer information systems, infrastructures, computer networks, and/or personal computer devices. Decisions must be made to determine which exposure to focus on protecting. Infrastructure attacks Individually-owned devices such as computers, tablets, mobile phones, and gaming systems that connect to the Internet are vulnerable to intrusion. Personal information may be at risk without proper security. Possible targets for attacks could be utilities, emergency services response systems, critical infrastructure,
These are the specific risks involved to a particular project or program. The organisations continuously undertakes specific projects, which should be managed with consistency with the legal obligations to be kept in mind. There are significant program management methodology which spell out the requirement and clear risk management approach within the project environment and align by the whole of the AS/NZS ISO 31000:2009 Risk management – Principles and guidelines.
The nation's critical infrastructure provides the essential services that support American society and serve as the foundation of our nation's economy, security, and wellbeing. We know it as the power we use in our homes, the water we drink, the transportation that moves us, the stores we shop in, and the correspondence systems we depend on to stay in contact with friends and family. (Beck, C. J. A., & Sales, B. D.
Risk Management allows us to identify the problems which are unknown during the start of the project but may occurs later. Implementing an efficient risk management plan will ensure the better outcome of the project in terms of cost and time.