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The next contribution is based on a Center report by David H. Schanzer and Joe Eyerman, Improving Strategic Risk Management at the Department of Homeland Security. It explores how the federal government can enhance its capability to use strategic risk management in safeguarding the nation. It focuses on strategic risk management—the process by which decisions are informed by an analysis of risk. Risk management can be applied at several levels: tactical, operational, and strategic. Authors Schanzer and Eyerman describe the recent history of strategic risk management in the department and set forth a series of findings and recommendations directed to the Executive Office of the President, the Department of Homeland Security, and Congress. A key recommendation is that the department should enhance its analytical capability necessary for strategic risk management. The recent creation of an Office of Risk Management
and Analysis is an important step toward the department’s strengthening its strategic risk management capability and enhancing it decision making process.