I have started working on a new paper relating Risk Management with Physical Security Technology Solutions.
My purpose is to discuss my observations and results in the deployment of hundreds of millions of dollars of security technologies implemented not to just protect physical assets but to reduce liabilities, fraud, improve procedures, influence designs, support marketing and influence almost every department within the enterprise in one way or another. With proper implementation, the overall ROI or return-on-investment of some of these projects could be measured in days not in years as projected in the past.
In a recent trip to a national trade show and loss prevention conference I constantly hear talk of how we have to do more with less, referring to limited staffing levels in today’s economy. At the same time, in various discussions with those who have implemented some of the technologies discussed in this paper, described how they continued to get outstanding results because they had implemented these countermeasures and learned to use them properly.
Still there are millions of organizations that still have not understood these principals and may have invested money in product but still don’t have a solution.
Risk Management is defined as the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Physical Security countermeasures as well as Loss Prevention and Asset Protection concepts are tools that I have used to consistently and successfully combat areas of risk concerns in recent times. With proper implementation of these tools and concepts improvements in revenue and limits to liabilities have been achieved in many sectors. This success thru the convergence of technologies and best practices have shown improvements in behaviors of employees and customers, more productive operations, reduced costs and improved overall profitability.
Future posts will discuss these concepts and solutions in further detail.