Risk Assessment Definition

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Introduction
Risk is everywhere. Risk assessment is everywhere. Think about almost everything you do today, you are thinking a million miles a minute in your brain about the risk. Your thinking, “is this safe? How safe is this? What are the risk to doing this?” Every day the Department of Homeland Security is doing this risk assessment on everything in its control. These assessments are being done on facilities, areas, events and personnel that it is ultimately responsible for. The Department of Homeland Security has a formula to assign a level to the assessments being done.

Risk Assessment Basics
There are many forms of risk assessment being used by different agencies everywhere. There are multiple ways these are done also. A couple examples
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One way homeland security looks at risk assessment is risk informed resource allocation. One practicality they look at would be likelihood of and event. “For while the probability of a nuclear explosion is low, the impact is so horrific that we must do everything in our power to stop it, vs. one can make efforts to stop mass transit bombings, but the principal goal should be to advance speedy recovery so the situation is less terrifying” (Rosenzweig, 2005). What this is saying is, everyone is fears the day a nuclear missile is launched. However, we have many efforts to stop this action, with all the anti-missile units abroad in areas of concern and our homeland defense missile systems or protection systems that would intercept nuclear warheads outside the atmosphere, or “star wars.” The theory here is we know the actual threat and where it comes from, so we, through risk, have allocated the appropriate resources to effectively stop a launch, and if not to effectively intercept an incoming missile. Should these assets fail to stop an impact, but our recovery process from the devastation of a nuclear explosion would slow, very slow. On the other hand, talking about a mass transit bombing, it would almost impossible to know who, when or where to stop his type of attack. The theory here would be to have such an effective response to mitigate …show more content…
The Department of Homeland Security has a program to decide how and where to protect. The major player in the defense is budget. To be able to protect what needs to be protected takes money. So budget dictates where money can go and how much will be spent. Here is where funding and grants come to play as well. For the most part, people associate grants with training and equipment. This is mostly true. The Department of Homeland Security will also grant money to local agencies to help train and protect the local economy as well. “The Homeland Security Grant Program plays an important role in the implementation of the National Preparedness System by supporting the building, sustainment, and delivery of core capabilities essential to achieving the National Preparedness Goal (the Goal) of a secure and resilient Nation” (FEMA,

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