Security & Safety Risk Management Cost Benefit Analysis Model

1. Security & Safety Risk Management Cost Benefit Analysis Model
RISK VULNERABILITY IMPACT MITIGATION COST BENEFIT
Threat Probability Operation People Assets Reputation Environment Measures Incident Cost Mitigation Cost Benefit
Robbery Low Office Injury Money lost Money insecure Minimal Technology Y less than X
Training X Y
Procedures
Infrastructure
Fire Medium Office Fatality Buildings Responsibility Pollution Equipment Y less than X
Organisation
Infrastructure X Y
Inspections
Maintenance
Traffic accident High Employees Fatality Compensation Responsibility Minimal Training Y less than X
Insurance
Knowledge Awareness X Y
Recruitment
Time lost
© 2011 Mark Lindsay, MBA, MSt, CSyP, FCMI