
4
Quantifying and
Prioritizing Loss Potential
‘‘Security is more art than science. Few formulas will cover all organizations,
situations and needs, and that’s the beauty and challenge of our profession.’’
—Richard D. Sem, CPP, Former president, International Security Management
Association
As with any complex chain of interrelated issues, overall streng th is measured by the
weakest link. Very strong security in one area will not compensate for very weak security
in another. To proceed to correct conclusions and then to recommendations for corr-
ective action, it is necessary to quantify and prioritize all the loss potentials identified. For
the profess ...