Security & Risk Management Essay Example | Topics and Well Written Essays - 2250 words

Security & Risk Management - Essay ExampleThe studies of fortune perception and risk instruction have resulted in the development of different psychological models of risk perception. These models play an important role in downstairsstanding the behavior of the people toward risk and their reactions. This cover discusses these very models along with their advantages and limitations. The paper begins with a shortened discussion on security management as it is important to first understand the nature of the topic. This is followed by another brief discussion on risk perception which provides the base for the paper. After that, the psychological models of risk perception are discussed in general. The psychometric paradigm is discussed in particular as it is one of the chief(prenominal) models of risk perception and perhaps the oldest. After that the advantages of these models are discussed followed by its limitations for the security managers. In the end, the conclusion of the pap er is given.Security management is a broad term which is used to refer to securing different types of assets of an organization, including the security of the reading of an organization. It is the job of the security manager to identify the assets of an organization that need to be secured. Once these assets are identified, it is then(prenominal) required that the security manager develops policies to ensure the safety of these assets and introduce procedures and guideline which are to be followed for an in force(p) security management. Managing risks is also an important part of security management which rather difficult as it includes identification, assessment, and prioritization of risks. A wrong prioritization can result in a grave situation. Therefore, the security managers are always under great pressure to make the right decision which is influenced by a number of psychological and companionable factors that vary in different situations. The security managers