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Importance of the risk management activities

Corrections and Psychology

  Importance of the risk management activities

                    Problem identification- the first activity of risk management is problem identification where various risks such professional negligence, breaches of law, theft and more are identified. Identification is also done to understand the contributing factors and the root cause. It is important to identify the risk in order to understand the root cause of the problem, recognize and accept the problem.  After understanding the risk as well as the underlying causes, it is easy to make plans to manage the risk concerns. It will be easy to do further analysis by understanding how things arise, the risk sources, the number of risks and their impact (Yoe Charles, 2016).

                    Risk estimation- the second risk activity management involve analyzing the various risks and their potential consequences. After identifying the risk and the possible sources, risk estimation plays a significant as it allows the managers to understand the severity of risks and their impacts on the operations.  Some risks may be disastrous, others may be serious whereas others may be minor. Thus, it is important to estimate these risks and understand the problem that needs solutions (Yoe Charles, 2016). It will also be easier to create a risk profile and risk management objectives.

 

                     Risk evaluation-after assessing the risk and understanding its severity and impact, it is important to evaluate the risk and understand the acceptable and tolerable risks.  A risk may be unacceptable and this process aims at moving the unacceptable risk to tolerable risks and then to an acceptable level (Yoe Charles, 2016). After understanding the severity of risk, it is important to evaluate and understand their level in order to make risk-taking decisions.

                     Risk control-after evaluating the unacceptable risks, it is important to reduce the risk and achieve the tolerable and acceptable level.  It is a process of controlling the risk by making collective-decisions that include public programs. Risk control is an important step where managers create a risk management option, objectives, and the best practices.

 

 

Role of a forensic psychologist in identifying the risk in the real world 

                      A real-world example of a forensic psychologist carrying out the activity of risk identification is when trying to handle the intentional crimes that are performed day by day.  When offenders engage in criminal activities and violate the law and social norms, a forensic psychologist plays a significant role in crime detection and investigation.  A forensic physiologist identifies the offense through collecting notes, taking photographs and videos, collecting physical and biological evidence such as fingerprints, footwear impression, bone material, fluids and more. After taking these evidence of a crime, a forensic psychologist may take it to the forensic laboratory and later to the court (Yoe Charles, 2016).  The psychologists may use different methods of problem identification such as forensic anthropometry and forensic odontology to identify the physical characteristics of a criminal.

 

A forensic psychologist in risk assessment in the real-world

                     A forensic psychologist may also conduct a risk assessment to understand the changes that may contribute to re-offending. He may use an actuarial and clinical judgment risk assessment to understand the future violence behaviors. An assessment may be done when the offender is released from the prison or when the offender is transferred to adult courts. A forensic psychologist may be interested to know the risk factors for the crime and the intervention strategies.

 

 

 

 

Reference

Yoe Charles. (2016). Principles of Risk Analysis: Decision Making Under Uncertainty.  CRC Press.

 

573 Words  2 Pages
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