Risk Management Case

Risk management is described by Decker as; “a systematic and analytical process to consider the likelihood that a threat will endanger an asset, individual, or function and to identify actions to reduce the risk and mitigate the consequences of an attack” (Decker, 2001, p1). Decker provides the concept that, risk management is not the process of eliminating risk entirely but to implement countermeasures that reduce the consequences of an attack. The Department of Homeland Security’s efforts towards deterring these threats while mitigating assessed risk is the also the concept of risk management within the homeland security enterprise. Identifying the level of risk (R) is a simple concept found through a complicated process, yet must be accurately assessed in order to set priorities of risks. Risk in this case is designed to set value of risk to National security. In order to limit perceived bias, the equation is

The timely accurate assessment of these risk is one determining factor that contributes to their individual risk level and sets threat priority in regards to (C, V and T). In order to limit the perceived bias in regards to assessing risk, Friedman points out; ”people are likely to fail to consider each hurdle 's detrimental effect on the odds of success…they use some prior event to estimate the probability of the new one” (Friedman, 2011, p88). This is one specific problem in addressing the assessment of risk in critical areas; it must be accurate and realistic, not over estimated in order to serve a political agenda or based of a specific event. Terror threats constantly evolve and adapt in order to maintain their significance in the global arena. In order for a realistic assessment of risk to be identified, the threat must also be identified in terms of capabilities and