1. Examine the role of risk management within the homeland security enterprise. Drawing upon your
class readings and additional research, examine how risk management is used by the homeland
security enterprise including such efforts as resource/grant allocation, strategic planning, and other
homeland security-related initiatives (from the federal level to state and local efforts).
2. Examine the role of cyber-security within the homeland security enterprise. Specifically address
how cyber-security relates to our national critical infrastructure and its protection.
The role of risk management within the homeland security enterprise
We live in a world where we face countless risks every day. These risks threaten our economy,
environment, and livelihood if the proper precautions are not taken. The threats that we face can be
man-made, natural, or technological. We have to minimize the consequences of these threats by
mitigation. However, it is impossible to safeguard the nation against all of the risks and the government
has to make the difficult choice of which asset needs to be safeguarded. The government conducts a risk
assessment to identify what gets the resources to help mitigate the hazard. Risk management is defined
as the process for the identification, analyzation, and communication of risks and avoiding or
manipulating it to an acceptable level after considering the costs and benefits of action (DHS, 2011).
A sound risk management approach includes threat, vulnerability, and critical assessments (Decker,
2002). A formula was developed: R= T x V x C (APUS, n.d.). The R stands for risk, T for threat, V for
vulnerability, and C for consequences (APUS, n.d.). A threat assessment is used to recognize and examine
threats based on different factors like intentions and capability (Decker, 2002). A vulnerability
assessment identifies weaknesses and comes up with ways to reduce them (Decker, 2002). Finally,
critical assessments prioritize assets and structures by identifying which require special protection
(Decker, 2002). When practiced, this is an approach that improves the making and implementing
decisions in homeland security (DHS, 2011). Planning and constant learning of what is known about risks
to further improve the decisions making is what The Department of Homeland Security and their
partners within the HSE must practice making the best decisions possible (DHS, 2011). Carried out at its
best by The Department of Homeland Security and other homeland security enterpise partners, risk
management will help protect the national interests, save resources, and aid in reducing the effects of
unknown risks (DHS, 2011). Risk management will allow for the HSE to focus on what is probable to
cause the greatest harm to the nation (DHS, 2011). For homeland security leaders, risk management is
essential in prioritizing competing requirements and enabling comprehensive approaches to ensure
performance and progress (DHS, 2011).