The Benefit of A Risk Management Program Discussion Questions

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Business Finance

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Discussion Questions: Describe the benefit of a risk management program as applied to homeland security operations. How does the perception of risk influence risk management programs, including such aspects of weighting of risk elements and acceptable level so risk?


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Explanation & Answer

Attached.

Running Head: RISK MANAGEMENT PROGRAM

Risk Management Program
Student
Institution Affiliation

RISK MANAGEMENT PROGRAM

Introduction
Risk management program is a very crucial part in controlling the impacts of hazard in
different places. Most of the state uses it to minimize and control any threat that may in one way
or another cause fear or destruction to a given population. Besides the aspect of the natural
calamities, risk management program is used in the companies to prevent cases of
mismanagement of the company’s resources. Many countries have registered the benefits of the
risk management programs because it minimizes and controls activities which could have
otherwise impacted negatively the peace of the country. The process involves assessing,
evaluating and examining the vulnerability that would enhance mass effects to the people in case
of any hazard occurrence.
In homeland security operations, the risk management has enabled the department be in
a position to analyze the complexity of every threat that would cause damage to the nation, and
get the right measure that could be used to control...


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