The chapter analyzed the concept of threat vs. risk, focusing on possible risks identification criteria and the main analytical approaches for risk management. It proposes an evaluation of sources as strength or weakness points, and application of cognitive biases in the intelligence analysis, and ethical issues in the intelligence activities such as politicization and secrecy issues. This research intends to put key questions and related criticalities of policy-making school, proposing a conceptual interpretation, possible strategies, and tools to manage, which can attempt to explain how intelligence analysis happens, which typically adopt company productions or cyclic modes of analysis, reducing them to a rational, objective process of steps and stages, especially to govern emergencies.
