Risk Assessment Development and Mitigation

Risk Assessments (RA) and Cost/Benefit Analysis (CBA) are the foundation in which all security programs are based. In order to bring maximum value to the customer a risk assessment is conducted, assets are verified, threats and vulnerabilities  are studied, and the risk quantified based on the customer’s priorities and needs. The RA provides a basis for determining what needs to be done to prevent or minimize the loss to the your vital assets. The CBA assists the customer in the decision making process as to the balance of security versus the yearly cost. The RA is the foundation of all security programs, and allows customers to conduct a factual CBA, as well as accept risk and project security budgets in a logical and methodical manner.

Risk assessments may be conducted on personnel, facilities, activities/events and employee travel.

PSGI staff will assist you or your organization in conducting a risk assessment, as well as with risk mitigation planning as it pertains to  your individual situation and/or work environment following an eight step process:

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Step 1 - Understanding the organization

Step 2 - Identifying the people and assets at risk

Step 3 - Identifying the vulnerabilities

Step 4 - Establishing the  likelihood of loss

Step 5 - Determining the impact of the event

Step 6 - Developing options to mitigate the risks

Step 7 - Study the feasibility of implementing these options

Step 8 - Perform a cost/benefit anlysis

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Upon completion of the process a detailed report will be submitted to the customer and PSGI will be available as requested throughout the mitigation process.

PSGI staff is ready to assist in the development of your risk assessment and with mitigation remedies as the customer desires.

Please call to speak with a security professional, or use the contact form below.