Asset Management Flashcards
What are the three types of assets that are typically included in security? What are the Intangible assets?
Security Assets: People, property and information.
Intangible assets: Organization reputation, relationships, and creditworthiness.
What is cost-effectiveness? What does it mean to a Senior Level Executive?
It means producing good results for the money spent. To senior management it is the primary factor in determining the size or existence of the asset protection program.
What are security Metrics? How do Kovachi and Halibozek define them?
Security related measurements. Kovachi and Halibozek define them as the process of measuring an asset protection program’s costs and benefits as well as its successes and failures.
What are examples of Security Metrics?
General:
Arrests made
recoveries per year
recoveries per officer
arrests per shift
arrests per location
Commercial high rise industry:
Number of thefts occurring
costs per square foot
number of fire alarms per year
number of incidents
doors found open
number of undesirable persons
recoveries made
investigations conducted
Shopping mall:
arrests made
number of banned people
cars stolen
Corporate security:
investigations conducted
recoveries made
risk assessments travel briefings
What is WAECUP? What is it used for?
Waste
Accidents
Errors
Crimes
Unethical Practices
WAECUP can be used as a blueprint for developing security objectives.
What is STEP?
Social
Technological
Environmental
Political
The STEP model points out potential threat sources.
What are the 4 steps of Data Capture?
1) Design a good report form
2) Teach security staff how to use it
3) Promptly collect data and conduct initial analysis
4) Produce periodic management reports
What are 4 research methods for determining results of security controls? How can the results of security controls be compared?
1) Fieldwork
2) Survey
3) Documentary
4) Experiments
Results can be compared by comparing separate sites, one with controls, one without controls.
What are 5 measurable security categories for Data Analysis?
1) Claims Avoided
2) Proofs of Loss
3) Recovered Physical Assets
4) Uninsured Claims or causes of Action
5) Other Actions - cheque follow-up
An organization can gain some of the benefits of a database by creating a protection plan using what seven components?
1) Form an asset protection committee
2) Determine criteria for events and incidents
3) Identify vulnerable items
4) Develop a system for item tracking
5) Assess Vulnerabilities
6) Select Countermeasures
7) Cost-benefit model
What are the three managerial dimensions of Asset Protection Management?
1) Technical Expertise
2) Management Ability
3) Ability to deal with people
What three tools are important in a strategic approach to managing assets protection programs?
1) Planning
2) Management
3) Evaluation
