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Homeland Security Risk Management Definition

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Risk is encountered every single day. When someone boards a train, invests in the stock market, or even goes for a walk, they make decisions that are by default, risk management. So what does this mean in terms of homeland security? Essentially, risk management is the very core of homeland security. Every time a security decision is made, a plan is put into place, or a mission is carried out, the first step is to assess the risk. How this risk is determined is by the use of the equations. The formula used by the Department of Homeland security is, R=f(C,V,T). After risk is assessed, this information is then used to guide resource decisions and inform current operational activities.
Risk Assessment and Formula
Assessment
Threats against the
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When a threat is identified it needs to be analyzed. In homeland security, different agencies within the enterprise constantly look for, analyze and share between them, information and intelligence on existing threats as well as developing and potential threats. “Homeland security partners require a shared understanding of the current and emerging threats from terrorists and other malicious actors to inform the development of risk management strategies” (DHS, 2010, p. 38). How vulnerable a target is and what the potential consequences could be is where the formula for risk comes in.
Formula
In order for risk to be managed, it first must be calculated. “Risk assessment involves the integration of threat, vulnerability, and consequence information.” (Moeteff, 2005, p.2). To use the formula R=f(C,V,T), we must first look at what each variable represents. The R represents the result we are looking for which is the risk. This gives the ability to assign a priority
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Protecting, deterring, and in the event of an attack, responding, are all a part of the risk reduction plans. Protecting critical infrastructures is the most important priority in risk management and the number one priority of homeland security. Protecting against threats includes training those involved with the plan, response training and exercises, and the equipment and technology needed. Deterring threats involves devising countermeasures and testing them. Implementing countermeasures helps reduce or eliminate the fall out of an attack or disaster. If these countermeasures are tested and found to not significantly impact the level of risk, they are
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