Risk Management

Several distinct steps exist for risk analysis to risk management. These eight steps are critical if risk mitigation is required.

The first step is to determine and describe the problem. If proper solutions are to be created and utilized, all aspects of the problem must be fully understood.

Second, goals must be established. The goals will determine what can be done to alleviate the problem.

Evaluating the current procedure is the next step. This will answer the questions of who, what, when, where, why, how, and for what. Once the questions are answered and the current procedure is evaluated, additions, deletions, and modifications can be made to the current procedure.

Fourth, any potential risk must be identified and appraised. This step is necessary to properly plan a course of action.

Next, different ideas and plans are brain stormed. Once established, the ideas and plans will be critiqued and hypothetically put into action. This is crucial because it will show if the new procedure can stop a possible attack or risk.

A proper procedure is then drafted and selected. Next, it will be put together and education and training will be provided.

The seventh step is to put the procedure into action and it must be tested fully. Additional modifications or training are completed if deemed necessary.

Lastly, all security measures must be tested once a year to ensure their effectiveness. The testing must be done because technology is always changing along with terrorists’ plans of attacks.

Together, these eights steps can help security professionals in their job of risk analysis and risk management.