Risk Assessment and Management

Catalog description

The assessment and management of risk is essential to work in homeland security and emergency management. Intelligence officers must estimate the probability of a terror attack and identify ways to reduce the probability and/or consequences. Firms must estimate the cost and likelihood of a cyber attack prior to making investments in protective training, hardware, and software. Finally, emergency managers must estimate the risk of severe storms and engage in risk mitigation to reduce the damage of these storms. In this class, we will examine the fundamentals of risk, the assessment of risk, and the management of risk. Topics will include risk analysis, controls such as insurance, supply chain management, business interruption, economic and financial risk, climate change risk, and risk communication. Prerequisite(s): C EHC 101 or permission of instructor.