March 2019 AST Magazine March 2019 AST Magazine | Page 5

www.AmericanSecurityToday.com March 2019 - Edition 33 In ABRA, risk is associated with the protection of assets (personnel or property) rather than reinforcing the facility of building construction itself. Security countermeasures are selected based on their likelihood of lowering risks to the asset as well as their cost effectiveness. They are designed to judge what kind of all threats, both natural and man-made. shape you’re in and then a prescription Spending limited funds to protect to fix what ails you. personnel, assets, and equipment is Without a quantitative method for risk a delicate balancing act in risk man- assessment and analysis, the question agement. of “Am I or are we in good health – from a security stand-point”, cannot The question always arises: “Am I getting enough BANG for my buck?” Respond- be truthfully answered. ing, “I think so,” simply won’t cut it. In order to accomplish its purpose or function, every organization must pro- A quantitative risk analysis and vulner- tect personnel and critical assets from ability assessment methodology called 3