The term Risk refers to a probable critical and unwanted situation that may take place any time and may cause any kind of harm. Visionary people in course of avoiding this unwanted situation analyze the situation, assess the grievousness of the risk, this affair is known as risk assessment. After the risk assessment next step is risk management, in this episode the steps are taken to prevent this unwanted situation and if the situation can not be prevented in any case then minimize the effect and losses of the risk. Risk may be any kind caused by human being, nature or any other factors. The risks caused by human beings may be in form of terrorism, crime or any other risk.
In course of risk management many couple of things should be perilously considered as what is the danger (Risk), what is supposed to be affected (target), what is to be protected (precaution), how critical the situation is (grievousness), what they want to affect (intention), how equipped they are (capability), where and how far are they (location), what are their weak points (vulnerability) and how they should be tackled (modus operandi).
Homeland security is using these tools for the security of the country. After 9/11 not a single incident of terrorism has occurred in America and the basic reason is the thorough study and well implementation of these tools in homeland security. It is clear from the above analysis that when the attack was done these tools were not implemented in the homeland security. The security agencies could not predict the mode of risk, security was breached and nation suffered a heavy loss.
Nancy A. Renfroe and Joseph L. Smith. (2011, October 19). Wbdg. Retrieved October 20, 2011, from www.wbdg.org: http://www.wbdg.org/resources/riskanalysis.php
Paul Rosenzweig and Alane Kochems. (2005, October 25). The Heritage Foundation. Retrieved October 20, 2011, from www.heritage.org: http://www.heritage.org/research/reports/2005/10/risk-assessment-and-risk-management-necessary-tools-for-homeland-security
Risk Management Fundamentals. (2011, April). Retrieved October 20, 2011, from www.dhs.gov: http://www.dhs.gov/xlibrary/assets/rma-risk-management-fundamentals.pdf