Risk management

Risk management

Write a 1,150- to 1,300-word paper discussing the role and nature of organizational risk management, in justice and security organizations, and why it is important. Address the following in your paper:
Explain why risk is important.
How justice and security organizations plan for and manage risk.
Explain civil liability and how it relates to organizational risk.
Costs associated in managing risk.
Consequences of failing to manage risk.
Benefits of a properly performed risk analysis has for management and key stakeholders.
Format your manual consistent with APA guidelines.

Solution Preview

Risk management is a vital component of good governance and management. Risk management is an iterative process comprising of steps that when undertaken in sequence, it facilitates continual improvement in decision making…