Application Of Risk Management Principles Essay

1006 Words Oct 29th, 2016 5 Pages
Risk Management
Application of Risk Management Principles in the Department of Homeland Security
The department of homeland security was established shortly after the 9/11 attack on the world trade center and the military headquarters. The government found out that it was badly exposed in handling internal security. The existing structures were not working because the state agencies were never coordinating in addressing terrorist attacks. Currently, DHS takes the issue of security seriously and it has developed measures that aim at mitigating the problem even before it happens. The aspects of risk management are applied in dealing with any threat. Risk management is an effort aimed at trying to determine up front the various things that could otherwise go wrong if measures are not taken in advance. Therefore, the department of homeland security has been trying to identify the problem in the security sector, classifying the issues, and prioritizing the risks. The entire process of risk management involves monitoring the situation, trying to institute controls, and mitigation of the risks. The sources of risks are several since they might emerge from the internal environment or external but the department has to be on its toes to ensure the risk does not result in problems. For instance, the use of technology or introduction of a new system in the normal work might be considered a source of a risk. Again, members of the team might pose risks to the implementation of the core…

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