Demonstrating the Value of Security
Procurers noted that one of the problems for the security sector (and a criticism of it) was that it did not show how it added value and therefore tended to be viewed as an unwelcome cost. Thus the second year of the SRI focussed on the extent to which security could and does add value. Against a background where there is surprisingly little information on just how much value security brings to clients the study highlights the various methodologies that can be used to highlight value and security professionals’ own views on their contribution to the company.
Specifically the research focussed on the economic advantages of using security; models that can be used for calculating impacts on the bottom line, and a model is presented to guide future practice.
On the back of this work the three supporting associations the British Security Industry Association, The Security Institute, and ASIS International have come together with Security Management Today to launch the ‘Best Value for Business’ campaign, highlighting the ways in which security can and does add value. This will include monthly features in Security Management Today to further the aims of the campaign.
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