Wondering Which Security Controls Offer the Highest Protection for the Least Money?

Or, put another way – how to get the Best Bang for the Buck with security.

Security Controls can be incredibly cost effective or astronomically expensive.  And when you’re faced with a facility or a school campus, or a system that has to be secured, but you also have a budget to keep in mind – what do you do?

The simple answer is ROI – Return on Investment.  This simple calculation compares the Cost of the Proposed Control to the Protection is Provides and that creates the magic ROI Number.

Here’s an example:   A hospital near the New Jersey shore wants to create a new emergency ops center.  They have the space,
but it would cost about $250,000 to build it out.  Here’s what we look at – how often would they use an emergency ops center?

Threat data shows that they would need to use it about 3-6

Operations Center (OPS)
Operations Center (OPS)

times a year, including severe storms, thunderstorms and hurricanes.

(After Hurricane Sandy, the hospital was closed for two days because they were not able to resume service right away.  As a result, the hospital lost about $2,000,000 per day because it could not bill for any services, none could be provided.)

So we take that lost $2,000,000 per day and say that if we could keep the facility open because we had a better operational center, we could easily save 2 days of revenue which is $4,000,000 for the 2 days, and if it cost us only $ 250,000, and saves us $ 4,000,000, that’s a Return on Investment of SIXTEEN to ONE, 16:1.

Say it saved us 3 days of revenue a year – that’s a ROI of TWENTY-FOUR to ONE, 24:1!

You can get more info by writing to me directly at caroline@riskandsecurityllc.com and requesting a webinar invitation,
or a copy of the video.

 

This entry was posted in accountability, Controls & Safeguards, Corporate Security, Natural Disasters, risk assessment, school shooting and tagged , , , , , , , by Caroline Ramsey-Hamilton. Bookmark the permalink.

About Caroline Ramsey-Hamilton

Caroline Ramsey-Hamilton is a leading expert in assessing security risk in both information security and facilities security including security risk assessments, active shooter and security risk assessments for hospitals and healthcare organizations, cybersecurity, nuclear security, and also auditing, analyzing and measuring compliance with all major security standards, like DHS, FEMA 426-428, The Joint Commission, HIPAA Security & Privacy Rules, the HIPAA Omnibus Rule, and OSHA 3148 for Preventing Workplace Violence. And including both C-TPAT and CFATS. She is currently working on a universal set of easy security tools that will make it easy to assess risk in a variety of companies, agencies and business. Her company, Risk & Security LLC, works with more than 500 clients around the world using a program that standardizes site surveys and assessments and makes it easier to compare facilities and measure their level of security. She posts breaking security & risk alerts at www.twitter.com/riskalert. She's also an animal lover and tree hugger, and musician who loves dogs, horses, kitties, house rabbits, parrots, and especially beagles! I support www.brewbeagles.org and other animal rescue organizations and work toward a more peaceful and green world.

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