State and Local Solutions
The Three Pillars of Risk-Based Allocation
Digital Sandbox builds repeatable evaluation processes designed to meet an organization’s particular risk management objectives. To build a solution that best fits your mission, we have created best-practice process templates and applications that help you identify relevant:
1. Management Objectives.
No two organizations have the same RBA objectives. The goal is to clearly define, communicate, and ultimately defend the objectives of your specific RBA process.
2. Risk Measures.
Some organizations only evaluate terrorism risk. Others employ an all-hazards-based RBA process. Still others factor in accidental or intentional human error. All approaches require a high-level methodology that analyzes threats, vulnerabilities, and consequences to related critical infrastructure, populations, and mission objectives.
3. Measure of Effectiveness or Return for Candidate Investments.
Digital Sandbox will help you develop measures that meet mission objectives, and metrics to balance against risk.
A well-defined RBA process will mitigate a wide variety of mission and program risks, maximize budget effectiveness, and provide well-documented support for new budget justifications. It will also:
- Remove subjectivity from the allocation process
- Create transparency for all stakeholders
- Involve stakeholders in the risk management process
- Contribute to government accountability.