The basic equation for risk is defined as R = (C*V*T) where R is the level of risk, C is the consequences (public health, our economy, government action, public confidence in our institutions) of an attack, V is an assessment of the vulnerability of a potential target (how hard or easy it would be for it to be hit by terrorists) and T is the threat or the likelihood that a specific target will suffer an attack or disaster from a specific weapon. The Department of Homeland Security has stated that it will apply risk management principles to homeland security operations and has stated that Ultimately, homeland security is about effectively managing risks to the Nations security (DHS 2010, 2). Drawing upon your class readings and additional research, examine how risk management is used by the homeland security enterprise and the many benefits derived from such activities as resource allocation, strategic planning, grant funding, or any other homeland security-related initiatives. Technical Requirements: Length: 4-5 pages (excluding required title page and reference list), double spaced, 1″ margins, Size 12 Font in Times New Roman font. Sources: A minimum of 4-5 academically acceptable sources are to be utilized. Sources for this assignment are to come from both assigned readings and that obtained from conducting own research. You are not limited to the pages assigned from each document, but are limited to those documents only to defend and support your arguments/claims.
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