Question: Examine the role of risk management within the homeland security enterprise.

This assignment is a take-home essay question for which the student is expected to develop a 4-5 page essay that fully responds to the question.
Question: Examine the role of risk management within the homeland security enterprise.
The basic equation for risk is defined as R = ƒ(C*V*T) where R is the level of risk, C is the consequences (public health, our economy, government action, public confidence in our institutions) of an attack, V is an assessment of the vulnerability of a potential target (how hard or easy it would be for it to be hit by terrorists) and T is the threat or the likelihood that a specific target will suffer an attack or disaster from a specific weapon. The Department of Homeland Security has stated that it will apply risk management principles to homeland security operations and has stated that “Ultimately, homeland security is about effectively managing risks to the Nation’s security” (DHS 2010, 2). Drawing upon your class readings and additional research examine how risk management is used by the homeland security enterprise and how that use benefits such aspects as resource allocation, strategic planning, grant award, or any of the multitudes of other homeland security issues or operations.
U.S. Department of Homeland Security. 2010. Quadrennial homeland security review report: A strategic framework for a secure homeland. Washington, DC: Government Printing Office. (accessed August 10, 2012).
Scoring Rubric:
A copy of the complete scoring rubric for this assignment is attached. The following is a synopsis of that rubric.
Area of Evaluation
Maximum Points
Content/Subject Knowledge
Critical Thinking Skills
Organization of Ideas/Format
Writing Conventions
Technical Requirements:
Length: 4-5 pages, double spaced, 1″ margins, 12 pitch type in Times New Roman font.
Sources: All sources for this assignment must come the assigned reading within the course. You are not limited to the pages assigned from each document, but are limited to those documents only to defend and support your arguments/claims.
Citations/References: You must use the Turabian Reference List (Parenthetical) style for this assignment.