In order to do that they need a risk management program that will defend against threats against national interests (Department of Homeland Security, 2011). These risks against the homeland are external and internal; institutional; operational; and strategic and need to be managed by the Nation’s leadership to “build security, safety, and resilience across domains by connecting efforts to prevent terrorism and enhance security, secure and manage our borders, enforce and administer our immigration laws, safeguard and secure cyber space, ensure resilience to disasters, and provide essential support in assuring national and economic security” (U.S. DHS, 2011, p9). The DHS utilizes risk management programs and processes as well as a risk management formula to control risk and improve the decision making when it comes to reaching security goals (U.S. DHS,
Operational planning uses risk management by identifying resources, possible risks, and actions that should be taken for the operation and by using risk management greater success can be met with less negative consequences (U.S. Department of Homeland Security, 2001, p.9). Exercises that are planned follow a similar manner to that of operational planning focusing on possible risks and resources and provide homeland security professionals with practiced risk management skills (U.S. Department of Homeland Security, 2001, p.9). When disaster or terror strikes in a real world event risk management will always be present in determining the best course of actions and possible hazards that might get in the way of the mission (U.S. Department of Homeland Security, 2001, p.9). The final risk management application involves the research and development stage of homeland security which analysis risks and discovers new solutions to potential issues, this stage also focuses on using superior technology to accomplish homeland security missions (U.S. Department of Homeland Security, 2001,
Benefits of risk management to homeland security enterprise Application of risk management to Homeland Security Enterprise allowed for a systematic approach to decision making. It promoted the development of analysis which in turn promoted sound decision making especially for the key strategic plans for Homeland Security related initiatives. The various security related initiatives for Homeland Security included strategic planning, resources planning, capabilities-based planning, operational planning, exercise planning, R&D, and real world events (Stewart & Ellingwood, 2011). Risk management is a part of strategic planning. Strategic planning analyzed the risk which DHS would face in the long run and build risk management programs and capabilities by coming up with activities to prevent, protect, respond, and recover.
Introduction Risk assessment is a compulsory and systematic method that enables people to analyze and assess the occurrence, impact, and consequences of a certain risk (Gemeni et al, 2011; p.477). The core purpose of conducting a risk assessment is to ensure that adequate measurements are taken to minimize the risk that could harm the individuals, assets, and environment from natural nor unnatural phenomenon (Aven & Renn, 2009, p 587). Aven & Renn (2009) argues that risk management is all about trying to balance the benefit and cost of trying to reduce the risks for safety reason. In a typical traditional risk assessment, the risk management would concise of measurements to reduce or remove the threats or, if inevitable, limit the potential
It is important to focus attention on risk management in most projects in order to achieve project objectives under predetermined conditions (Liu, 2013). This makes it possible to identify, prevent and limit these risks by anticipating their treatment through the implementation of preventive and corrective actions. It is an essential phase that will minimize the waste of time and money, and will prepare the project manager to
Not only does it allow one to assess risk, but it also gives us the ability to identify risk as well. By being able to assess and identify risk, it becomes easier for one to prevent it from occurring, or to quickly address adverse events
Many of the affiliations that have used the OCTAVE method as it is the best approach to manage and required for their working circumstances. The OCTAVE framework is performed in three stages. In stage 1, information relating to assets are gathered by a thorough examination and the present a security framework for its advantages. Recognized assets are fundamental for the existence of affiliation and all these information are gathered. , security essentials are reported, and recognizes risks that can be a threat in meeting those necessities.
It helps to further provide the project team with a quick view of the risks and the priority with which each of these risks needs to be handled. Rare Unlikely Possible Likely Almost certain Severe Medium high Extreme Extreme
students, teachers etc. risk assessment are used to evaluate hazards, then remove that hazard or minimize the level of its risk by adding control measures. Moreover, risk assessment are there to prevent any hazards so that everyone around us and prevent injuries or illnesses. The positive of creating a risk assessment is that you can recognise and control hazards around you because you’re able to identify them so that if anything where to happen you would know how to handle it. Another positive of a risk assessment is that there would be a low risk of incident that would happen in the event, because I was able to identify the problems and hazards which then there would be precaution taken to control the risk.
4.5.1 Incidence Response Team In order to have an effective incident response plan in place, an incident response team is generally established. An incident response team is ‘assembled by representations from different departments, which together help to oversee the handling of an incident and manage in the best possible way’ . One of the certainties in the field of Information Security is the occurrence of a security incident. Though the severity of the security incident may vary widely but if an organization is well prepared with a well formulated procedure to respond along with an effective incidence response team. An incidence response team is meant to have ‘familiarity with the systems and need to be readily available for better coordination and response’ .