Essay About Risk Management And 2015Professor Paul Brouilletterisk Managementrisk Management

Risk Assessment
Risk ManagementChristopher GaultAJS/564November 16, 2015Professor Paul BrouilletteRisk ManagementRisk management is very valuable to the safety and security of all organizations. Risk management is also very crucial making sure that security controls and spending are balanced with the risks to which all organizations are exposed. Making sure you have a sound understanding of the principles of risk are valuable when following a formal and comprehensive risk management approach. Risk goes beyond the questions of efficiency, technique. This paper explain how risk management plays a huge role of risk management in justice and security organizations. It is very important that guidelines are followed to make sure here are not any security breaches.First I would like to explain what risk is. Many people take a risk everyday whether the outcome is positive or negative. “Risk is the uncertainty of financial loss, the variations between actual and expected results, or the probability that a loss has occurred, or will occur… three main categories are personal, property, and liability” ( Broder, p. 3).Every organization should perform a risk analysis, that is a,  “management tool, the standards for which are determined by whatever management decides it wants to accept in terms of actual loss” (Broder, p. 4). Risk are expressed in so many different ways, just as long as we combine a hazard along with the probability of a specified outcome. The risk is also the product of a possibility of taking a loss or something negative happening. This could be damage cost because there is always a chance that hazard may occur when taking that risk. It is important that the first two values must be known or acknowledged in order to even define the risk that going to be taken. Risk includes the willingness of the group or organization to go so far. A risk profile describes the level of risk considered acceptable by an individual or by the leaders of an organization, and considers how this will affect decision making. Risk analysis is valuable to an organization because it provides the information needed so that mistakes are limited. Nobody is perfect so we will have some mistakes made. I think if the organization aims to limit mistakes no mistakes should be made. Risk management is another way of being proactive. Whenever you’re trying to determine the probabilities of risk you have to remember it’s an art. “Nothing or no one can be made 100 percent secure” (Broder, p4) All off management should be have the knowledge and understand the value and important of expressing support for projects. You have to have the right team in place to put the best project together. Whenever the team makes any recommendations management has to decide which one is the best.