Benefits Of Risk Management To Homeland Security Environment

1. Introduction
Risk management is the process of identifying, analyzing, and either accepting or mitigating the uncertainties in decision making (Talbot & Jakeman, 2009). In matters of security, risk management involves risk identification, assessment and prioritization while allocating resources so as to monitor, minimize, and control occurrences of the unforeseen events. Avoidance of risk should not be confused with risk management as the two are different. Risk management is a responsibility of all the staff members as it forms day-to-day activities. It involves continuous monitoring on the changes of the environment and coming up with counter measures to protect the public from the impacts of any kind of events.
Security risk management

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. Strategic planning would be based on capability basis. This included the consideration of the challenges and risks which are faced in the modern day world security issues. Requisition and the eventual allocation of resources would be based on the information on the anticipated risks. The sources of such resources would include donations and

Such events could be routine or emergency events. Research and Development was another security initiative for DHS. The knowledge gaps could be filled accordingly through improved ways of doing things by enhanced R&D. The existing knowledge and efficiencies could also be improved through advances technology.
3. Conclusion
In order for Homeland Security to promote and enhance security, risk management need to be applied in all its security based initiatives. Risk management strategies are crucial in identifying, preventing, mitigating and controlling risks. The success of a risk management system will depend on the commitment of the whole team: from top management to junior employees. In addition, the partners and the public need to be involved. The development of risk management capabilities requires time, allocation of resources, continued training, and support from all