Role of Risk Management

Role of Risk Management

The role of risk management in justice and security organization

Risk management is defined as a practice and process by which risks and threats are properly evaluated and dealt with and safeguards implemented accordingly so as not to interfere with , disrupt , or otherwise harm the organization 's ability to accomplish its underlying mission (Horton Mugge 2003 ,

. 21 . Risk management is very important in justice and security organization as it identifies threat and risk that might disrupt the organization 's missions

It provides a first line of

defense to the organization

The role of risk management in justice and security organizations is a big business as risk is ubiquitous , pervasive , diverse and global (Kemshall 2003 ,

. 3 . Risks appear in diverse sizes and have different impact and consequence . In some cases risks are associated with living in high crime areas but it also come as a global occurrence with very disastrous impact such flooding from climatic change . Kemshall contended that risk is a complete phenomenon , not simply about calculating the odds of mischance , hazard , or danger (p . 4

Given the consequence of risks , risk management of justice and security organization is a gigantic task as this is the first line of defense of such organization . The risk management team identifies the risk and evaluates its threats and prepares contingencies that will safeguard the organization and all the stakeholders that will likely to be affected by such risks . The role of risk management in justice and security...