List and explain the three step risk analysis process and list Personal Statement

List and explain the three step risk analysis process and list resources - Personal Statement Example At any rate, it is always better to be prepared for any eventuality although admittedly, it is virtually impossible to prepare adequately for anything and everything. However, having good plans in place is better than having no plan at all that can deal with a contingency whenever it so happens. The most crucial part of security planning and loss prevention is critical thinking. This is the ability to think and ask the tough questions other people may hesitate to ask. Further, it is a way to get out of the box-mindset and adopt a different attitude from the business as usual. In his book, author Philip P. Purpura postulates critical thinking as the cognitive ability of analysis, the interpretation, the explanation and the evaluation of ones own reasoning, to even include ability to question ones conclusions and judgment in a continuous process of assessment (2008, p. 4). In this regard, there is a highly-recommended three-step risk analysis process that is to be followed in order to have a good grasp of the security situation. It is the rational and orderly way of identifying a problem, determining its probability of occurring and finding solutions. The objective of this process is to also estimate the loss in case of an adverse event happening. This 3 step process is discussed in much greater detail in the next page. Conducting a loss prevention survey – this first step takes into consideration all possible threats, hazards, vulnerabilities and weaknesses that can threaten security and survival. Purpose of this activity is to assess probable adverse events based on certain conditions such as weather, geography, fire protection systems, pending litigation, proximate presence of nearby hazardous materials (nuclear, chemical, biological, etc.) and all other identifiable threats to include social, political and economic conditions. The survey is actually a questionnaire in the form of checklist to make sure everything is covered during the