Question 1

Choose one of the policy implementation documents from this week’s readings DHS Risk Management Fundamentals

Using your selected policy implementation document DHS prepare atwo-pagebriefing paper (5 to 7 paragraphs) for the senior leadership and Red Clay Renovations corporate board. Provide specific information about “the company” as appropriate for your briefing content.

In your briefing paper, you should address how this type of policy implementation document can be used to support implementation of specific risk management strategies.

For the DHS document, you should focus on the use of training and doctrine (establishing a specific business process) as a risk management strategy. Discuss the pro’s and con’s of using a single risk management process across all corporate operations. Make sure to explain the risk management process you choose

Provide in-text citations and references for 3 or more authoritative sources. Put the reference list at the end of your posting.

Solution Preview

Risks are situations that involve the exposition to danger. Risk management is the identification and prioritization of these risks. To manage risks effectively, resources are required. It is important to note that risks can come from various things such as uncertainties in the financial market and threats from projects among others. Other risks can be associated with natural disasters.

The Department of Homeland security has come up with documents that outline how these risks could be managed. Red Clay Innovations Company has been experiencing losses due to poor management. Poor management because they do not plan for risks (Doherty, et al. 2000).

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