Cost benefit analysis within organization security management

Katarína Kampová,Katarína Mäkká,Katarína Zvaríková,T Kliestik

doi:10.1051/shsconf/20207401010

Katarína Kampová, Katarína Mäkká + Show 2 more

Open Access

https://doi.org/10.1051/shsconf/20207401010

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Journal: SHS Web of Conferences	Publication Date: Jan 1, 2020
Citations: 8	License type: CC BY 4.0

Affiliation: University of Žilina

Abstract

The present time is constantly evolving, advancing and bringing new challenges and threats that may have an adverse impact on individuals and organizations. Each organization must adapt its activities to the current situation. It must also take care of its security, which it needs to ensure its existence, successful functioning and continuous improvement of its position within the global environment. Security must therefore be part of the organization’s main strategies. Therefore, appropriate attention should be paid to security and the organization should regularly allocate sufficient resources to ensure its security. The aim of this article is to point out the possibilities of using the CBA method in the framework of security management in the concept of socially responsible business. The CBA method provides scope to develop and incorporate its methodological framework into standard risk management practices within a company by assessing the costs and benefits of the proposed preventive measures related to ensuring the required level of security within the organization.

Highlights

The continuation, development, maintenance and capability of any organization is associated primarily with the problem of its security
One of the partial problems encountered in practice in the field of safety management or risk management is the choice from several options for implementing preventive measures
We pointed out how CBA is involved in risk assessment and risk management processes in order to selection optimization of preventive measures

Summary

Introduction

The continuation, development, maintenance and capability of any organization is associated primarily with the problem of its security. By ensuring and maintaining a certain level of security, organizations gain the ability to protect their core assets as well as core and support activities [1,2,3,4]. This increases its competitiveness in the global environment, and minimizes its losses. Individual security sectors, such as occupational health, fire safety, environmental protection, information security, are just the basic sectors that an organization must manage and set up effective and efficient systems.

Cost-benefit analysis as a tool for optimal choice of security measures

Conclusion