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The Security Impact Assessment concept was Grafted to provide a clear standard for measuring and assessing the operational and financial value-add of investments made in security. These measures would provide organizations such as the DHS with a clear measuring stick of the relative financial benefits associated with considering alternative security investment strategies. According to "From MAD (Mutua!
Compliance Scorecard Security Risk Assessments: Integrating the Concept By William J. Malampy and John W. Piper uring 2006, the authors of this column were requested to exe- events and the impact of risk mitigation measures. VAM provides D cute a security risk assessment at a major liquefied natural gas facility in the Asia-Pacific region. The provincial government a financial measurement of the relative value added of security — which could drive security investment — rather than simply had ordered that significant capital projects required a secu- emphasizing cost reduction and the financial consequences of rity risk assessment be conducted as part of their Environmental events. Impact Statement (EIS) requirements — otherwise, no permits for As we have seen in America with the Chemical Facility Anti- construction would be issued. terrorism Standards (CFATS), there are a variety of constraints It is interesting to note that this method — a security risk associated with setting specific security objectives for criti- assessment in the context of an EIS — has yet to be adopted cal infrastructure sectors. A combination of Security Impact in the United States; however, the con- Assessment objectives with something cept has garnered interest among indi- similar to EPA’s EIS techniques, however, vidual security professionals in the pub- The Security Impact should enable a level of consideration of lic and critical infrastructure sectors. It Assessment would use a individual facilities’ unique situations that goes by a slightly different title: Security broad legislative standards often do not. Impact Assessment (SIA). This SIA was Value-Added Model for Nothing has yet come of the Security originally developed and published as Impact Assessment initiative here in the a proposed solution to many govern- Security Management United States. The Asia-Pacific countries ment security problems in 2006 by the have embraced the concept wholeheart- Center on Terrorism & Counter-Terrorism (VAM) to provide edly, and some have even codified it as at the Foreign Policy Research Institute in Philadelphia, under the direction of quantitative estimates of part of their laws. If the United States adopted a Security Impact Assessment Professor Stephen Gale. the likelihood of requirement, security would be guaran- The Security Impact Assessment con- teed the right seat at the right table, at the cept was crafted to provide a clear stan- undesirable events and right time. Security would also have the dard for measuring and assessing the
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