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Risk and mitigation of risk

DQ1: What are the different types of risks? What are the concepts of risk and mitigation as they apply to threat and risk management of an organization? How are the various techniques for eliminating, reducing, and mitigating each of the risk types implemented through an organizational security plan? Explain. reference

DQ2: What different types of crime are classified as a threat or risk that organizations need to be aware of when developing a security plan? How does the influence crime and criminology impact on organization's management techniques of risks and threats? What recommendations would you make to combat the risks and threats presented by crime and criminology as it applies to an organization's security plan? Explain. reference

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DQ1: What are the different types of risks? Risk falls into three categories: naturally caused, accidentally (or carelessly) caused, and deliberately caused. Occasionally these event causes overlap, or work together, to cause a risk event. Risk events are occasions when the safety, security and/or continued operation of the company, person or endeavor could fail.

What are the concepts of risk and mitigation as they apply to threat and risk management of an organization? Mitigation refers to the elimination or reduction (in severity) of a risk event. Management of risk and mitigation of risk is a complicated process that considers several factors which vary in importance according to four factors, which are:
1) the company, individual or endeavor to be protected, since some things are more vital than others. The US President, for example, is of relatively greater importance in Washington, D.C. than the Director of the D.C. area Animal Shelter. Both have important duties to carry out during a crisis (when often companion animals and zoo animals have to fend for themselves and might actually prey on humans), but relatively, the US President would be the person of the two more likely to be threatened in any risk event you can imagine, and in need of risk protection and mitigation strategies.
2) the potential threats perceived, which include all three of the categories mentioned above (natural, ...

Solution Summary

Discussion of three types of risks, and four factors for assessing risk. Types of crime are discussed, and Web-based references are provided.

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