Application of Methods of Risk Assessment in Private Security

Saše Gerasimoski, SG (2016) Application of Methods of Risk Assessment in Private Security. In: Proceedings of the International Scientific Conference Private Security in the XXI-st Century: Experiences and Challenges. Chamber of Republic of Macedonia for Private Security, Skopje, pp. 327-338.

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Everyday life has always been filled with security risks, most of which we take
for granted and for which we have developed routine strategies and ways of
dealing and managing. But the globalization and post-modern dynamics of
contemporary societies have created a societal environment that multiplied
the security risks and made their identification, assessment, management and
dealing much more complex. This can be observed especially in security risks
related to personal and proprietary security. Since personal and proprietary
security fall within the field of private security, a question of developing proper
risk assessment as core of preventive work in private security becomes a
priority. Thus having efficient methods for risk management and assessment
is crucial in the overall performance of private security entities, providing
subtle balance between their security efficacy and cost efficiency. The paper
deals with some of the most optimal methods for risk assessment, analyzing
their importance for private security entities. Several methods which have
been applied to private security entities in the Republic of Macedonia, as
well as abroad, are closely discussed. The main focus, however, stays on
the application of Keković, Kinney and AUVA methods of risk assessment
within private security companies. Although these methods are widely used
in different risk assessment methodologies in various spheres, they can be
successfully implemented in private security companies’ risk assessment
as well. The paper considers the possibility of successful implementation
of methods of security risk assessment in the Republic of Macedonia. Also,
some proposals, which could prove helpful when implementing the risk assessment preventive policies, methods and strategies within private security
entities, were made.
Key words: security risks, risk assessment methods, prevention, private security

Item Type: Book Section
Subjects: Scientific Fields (Frascati) > Social Sciences > Other social sciences
Divisions: Faculty of Security
Depositing User: Fbs Eprints
Date Deposited: 29 Mar 2020 12:03
Last Modified: 29 Mar 2020 12:03

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