Risk Management: Department Of Homeland Security

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What is Risk Management? Risk management is defined by the Department of Homeland Security (DHS) as “the process of identifying, analyzing, assessing, and communicating risk and accepting, avoiding, transferring or controlling it to an acceptable level considering associated costs and benefits of any actions taken” (DHS 2010a, p. 30). Raymond Decker, Director of Defense Capabilities and Management testified on behalf of the U.S. Government Accountability Office (GAO) before the Subcommittee on National Security, Veteran’s Affairs, and International Relations; House Committee of Government Reform, and further described risk management as the “systematic and analytical process to consider the likelihood that a threat will endanger an asset, …show more content…

In the formula, R stands for risk level, and provides a way to set priorities for specific critical infrastructure/key resource (CI/KR) sectors/assets (Stork n.d.), while f indicates that R is a function of (C*V*T). Lastly, C represents consequence (of an event) on the government, population, economy, etc., and is expressed in monetary terms; V indicates the assumed vulnerability of a specific target and is conveyed through percentage terms; and T denotes the likelihood of the threat posed by a specific weapon against an identified target (DHS, 2007; Stork, n.d.). The current version of the equation noted above has gone through several evolutions as the federal government and DHS have reevaluated the threat environment in which the United States now exists, and will most likely continue to evolve over time. In addition to the benefits acknowledged earlier, the formula also helps standardize risk assessment while concurrently communicating the DHS’s goal of risk assessment transparency and methodology across the homeland security enterprise. The U.S. government has the inherent responsibility to protect America against threats, both foreign and domestic, and the role of the DHS is to ensure the government upholds its constitutional obligations …show more content…

For instance, the U.S. Border Customs and Border Protection sector has created the Border Patrol Strategic Plan (2012-2016) that addresses, within its mission, both the importance of risk management and its plans to implement it as well, stating “[a]t the core of our approach to securing flows is assessing and managing risk; [i]n the Strategic Plan, the Border Patrol is applying the principles of risk management to its mission set” (2012, p. 4). Likewise, sector-specific plans (SSPs) exist for many of the national CI/KRs, including, but not limited to, the Transportation Systems, Energy, and Emergency Services, while broader documents and policies such as the Comprehensive National Cybersecurity Initiative and Strategic Plan also address how risk management will be utilized throughout the homeland security enterprise. Conclusion Risk management provides foundational support and contextual relevancy for the federal government, DHS, and all of the homeland security partners responsible for the safety and security of the nation. From strategic planning, policy creation, and resource allocation, to real-world exercises and responses, risk management provides the pivot point around which national security turns. It is essential to the overall mission success of the homeland security enterprise and therefore to the protection and wellbeing of the United States

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