the role of risk management

The level to which the organizations are protected can be assessed by risk management . Claims and litigation can also be avoided to a large extent by following a risk management policy

Risk management can help these organizations in preparing an approach to assess their potential risks and the preparedness to meet challenges The risk management at a high level helps in the following three areas

Threat assessment

Risk exposure probability

The extent of the problem

Threat assessment helps identify the risk that the justice and security organizations are exposed

to . It helps establish if the threat is likely to materialize . The risk exposure probability helps identify process or policies that might have loop holes and may lead to threat materialization . The extent of the problem is established . This is necessary to prioritize the need for mitigating risk

Risk management helps these organizations to continue to serve the public and private stakeholders in the usual manner . It helps these organizations assess the impact on related public /private stakeholders These organizations can take an informed and economically viable decision to mitigate risks . This also reduces the chance of any potential liabilities that might arise due to risk materialization . It helps these organizations conduct a

before incident assessment

during incident and

post incident assessment

The organizations can follow a series of steps during the incident to ensure that the response is based on a serious of well thought through and simulated measures . These steps can be communicated to various stakeholders within and outside these organizations . The stakeholders can be educated about the risk points and the effect of risk materialization . This is necessary as some of the risks that these organizations could be exposed to may come from third party sources Business Continuity Management (BCP ) as a concept can be applied after carrying...