Risk Management, Decision Making, And Resource Allocation

Part 4 of the primary text addresses risk management, decision making, and resource allocation. Some of the concepts addressed in these chapters are complicated and difficult to grasp. Therefore, it is important to use a methodical systems approach to evaluate where we are and where we want to go. Once we have laid out the roadmap, we need to make decisions based on the most efficient use of limited resources.

Initial Post
Assume you are a state emergency planner seeking federal funding to address a technological, terrorist, or natural hazard. Select one of the risk management models discussed in your readings, and evaluate your selected hazard to help decision makers understand the threat or hazard and determine the importance of funding your initiative. The assumption is your state has no funding to address this hazard, but the Department of Homeland Security has requested states submit projects for review. Outline the hazard and your proposal. Construct a substantive initial post using a minimum of two sources in addition to the primary text.

Your initial post should be at least 250 words in length. Support your claims with examples from required material(s) and/or other scholarly resources. Use APA format to cite your sources in text as well as at the end of your post in the list of references.