Discuss the below:
Create a 400 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
The current risk formula (R = T x V x C) that is used by the U.S. Department of Homeland Security (DHS) has not always been the risk formula used.
Research prior methodologies (formulas) used by DHS to determine risk, and complete the following:
Based upon your research, explain why these methodologies (formulas) were deemed to be insufficient to adequately describe or model risk to any given facility or structure. Compare and contrast the current DHS risk formula to the Federal Emergency Management Agency (FEMA)-developed risk and hazard analysis matrix.
Does the FEMA risk and hazard analysis matrix comply with the DHS risk formula? Are the two items compatible?
Consider your local community's Critical Infrastructure and Key Resources (CIKR) facilities. Is the DHS risk formula or the FEMA risk and hazard matrix appropriate for your community?
Is there an alternative risk formula that better supports the CIKR needs of your community? If not, explain in detail. If so, explain in detail.