Risk management
Risk management is the process of identifying, assessing, and prioritizing risks. The basic goal of risk management is to ensure that uncertainty does not detract from company objectives. The environment of homeland security in the United States is complex, with several requirements, incentives, and interests that must be balanced and handled properly in order to achieve the overall goals. Furthermore, the state's resilience, protection, and safety are jeopardized by a combination of risks such as accident, natural disaster, malevolent behavior, transnational crime, and terrorism. As a result, managing the risk associated with project cost, acquisition operation, and labor management is critical for homeland security. On the contrary, the Homeland security risk can cause loss of life, environmental deprivation, loss of financial activities and loss of confidence in administration capabilities.
The role of risk management within the homeland security enterprise
Enhances sound decision making
While, analyzing, identifying, communicating peril, accepting avoiding or regulating risk and satisfactory level that involve consideration of associated cost and benefits of any action, management of risk is a method for making and applying sound decisions for the homeland security (Kettl, 2013). Moreover, to enhance quality decision making, managers of DHS together with their associates in homeland security association must work together to recognize uncertain and known risk for them to come up with a sound decision in managing the risk. Additionally, the leaders should the hazards fronting the homeland to make proper reserve tradeoffs and support supervision tactics. On the contrary, managing of the risk and promoting security is accountability that will benefit not only the homeland enterprise but also the federal state, private sectors, non-governmental organization, local and the citizens.
Enables the enterprise to know the value of risk
Through risk management, the homeland security is in a position to understand the importance of the risk, and as a result, the DHS establishes an integrated risk supervision to enhance safety, resilience, and security across territories through involving efforts to avoid terrorism. Furthermore, it improves safety and manages boundaries, safeguards and safe cyberspace, offers essential support in guaranteeing national and monetary security.
Relatively, to know the value of risk management, the homeland safety depends on the information about the hazard, capability and the activities and use the information to protect, prevent, respond and recover from the loss experienced. Moreover, knowing the value of the risk enhances the formation of comprehensive risk management across the DHS and the homeland security enterprise and help to defend and boost national interest, help in mitigating the emerge of unknown risk. Interestingly, at the organization level, application of risk management will counterpart augment strategic and efficient development, policy growth, budget preparation presentation assessment, assessment and reporting processes.
Enhances resilience
The essential foundation of homeland security is the necessity to shape irrepressible system, societies and institution that are vigorous, adjustable and have the capability for speedy retrieval. Therefore risk management plays a vital role in ensuring that the DHS company achieve the resilience by recognizing the opportunity to build flexibility into preparation and resourcing to attain mitigation of risk in advance of a threat as well as empowering the reduction of penalties of any disaster that may take place.
Enables the application of risk management
Practicing risk management enhances logical and inclusive approach to the decision of homeland security. Moreover, risk management encourages the expansion and practice of risk examination to notify homeland security decision making, update selection among alternative approaches, actions, and assess the efficiency of the undertaken operations (Bullock, Haddow, & Coppola, 2011). On the contrary, risk management enables the homeland security enterprise to apply risk through, strategic planning, resource decision, operational planning, research and development and exercise planning.
It also enables homeland security leaders to differentiate between activities, assess competencies and arrange activities by considering the risk and its influence on their decision.
How risk management is used by the homeland security enterprise
Homeland security enterprise uses risk management to identify the context for the decision-making and to consider an assortment of variables when executing the process to be undertaken when mitigating the risk. The method includes; goals and objectives, decision period and quality information.
Moreover, DHS uses risk management to assess any risk that may occur and determine the most critical one to the nation and enterprise. The significant threat is those that could have an adverse impact on DHS, and it should be given and be prioritized. Further, the whole goal of homeland security is to ensure that the enterprise will take the risk that is beneficial in achieving its primary goal while keeping all other dangers under control (Sauter, & Carafano, 2012).
DHS uses risk management to determine the primary cause of uncertainty, and it puts more focus on identifying the risk and managing it before it affects the homeland security. Additionally, operating risk helps homeland security to act more confidently on the future decision making because the knowledge of the risk that they face enables them to have multiple actions on how to deal with potential problems.
DHS uses risk management applications to make sound and systematic decisions. The risk management applications include,
Resource decisions
Enables the enterprise to allocate its resources entirely to mitigate the risk involved in the country. Additionally, it acts as a primary constituent of an evidence-driven method for inviting and allocating resources that include grant funding (White, 2016). Therefore, by a better understanding of risk, DHS and homeland security can identify realistic capability requirements and describe the desired outcome and how to mitigate the risk.
Operative planning
Include the management and preparation of work to perceive and avert the act of terrorist through organizing the work of national, regional, local and private sector partners and through collection and fusion of data from a diversity of sources (Sauter, & Carafano,2012). On the contrary, risk management enables homeland security to be improved to understand the situations that are more likely to the impression the enterprise and the type of consequences that may take place, the kind of merit of the risk, the actions planned and the variety of resources made. Moreover, the application identifies the type of threat that has the ability to contrary impact
Strategic planning
Develops an investigative and high-quality product that advances DHS and homeland security initiative in integration, planned direction, and decision-making. Additionally, homeland security is considered to discourse the risk that a particular organization may face and take actions that can be used to mitigate the risk.
Capabilities-based planning
Intended to improve the readiness of the nation for expected or unexpected catastrophe that may be natural or not (Wise, 2006). On the contrary, the organization can assist DHS in identifying which competencies are crucial to the enterprise and recognize potential competency gaps.
Exercise planning
The application is used to recognize typical situations for movements, zeroing in explicit threats and threats as well as precedence competences and appropriate assets.
Research and development
Intended to notify decisions on substantial homeland security breaks and categorizing occasions that are best met with advanced knowledge. This enables it to found priorities that can be used for long-term investigation and development (Wise, 2006).
Real world events
Risk management enables organizations to weigh potential cause's process taken within the contextual empathetic of the risk of different fears and hazards to geographical areas, intellectual assets, and population middles during a crisis.
Conclusion
To encourage and improve the safety, security, flexibility of the state, DHS leaders and homeland safety should recognize, apprehend, and advance strategies that can help in mitigating, preventing, and controlling the risk. Further, the formation and sustainment of the risk management culture across homeland security require commitment and attention from personnel and leaders. Additionally, the function of risk management in the homeland security enterprise helps the leaders to differentiate between the substitute actions, prioritize activities, and related possessions by accepting the risk and its influence on the company.
References
Bullock, J., Haddow, G., & Coppola, D. P. (2011). Introduction to homeland security: Principles of all-hazards risk management. Butterworth-Heinemann.
Chenoweth, E., & Clarke, S. E. (2010). All terrorism is local: Resources, nested institutions, and governance for public homeland security in the American federal system. Political Research Quarterly, 63(3), 495-507.
Kettl, D. F. (2013). The system under stress: Homeland security and American politics. Sage.
Sauter, M., & Carafano, J. (2012). Homeland Security: A Complete Guide 2/E. McGraw Hill Professional.
Thacher, D. (2005). The local role in homeland security. Law & Society Review, 39(3), 635-676.
White, J. R. (2016). Terrorism and homeland security. Cengage Learning.
White, J. R. (2016). Terrorism and homeland security. Cengage Learning.
Wise, C. R. (2006). Organizing for homeland security after Katrina: is adaptive management what’s missing?. Public Administration Review, 66(3), 302-318.
