The Five Advantages of Advancing Security through Portfolio Management

There are unique challenges to managing safety and security across several facilities or geographic locations. Whether the focus is on accounting for tight budgets, overseeing strict compliance regulations or implementing best practices, security is at its best when it’s consistent and streamlined.

There are true advantages to applying a portfolio management approach to security operations. Combining and standardizing security responsibilities can result in cost savings and enhanced service. Consider these five benefits:
 

Establishing a Single Point of Contact 

Leadership, responsiveness and accountability increase with a single point of contact. A portfolio manager can ensure all locations are following the same processes, address challenges efficiently and serve as the catalyst for all support resources.
 

Developing and Capturing Data

With an organization-wide point of view, trends and performance data can be easily collected and benchmarks established. The resulting data and analytics can help drive your security business case and support real time decision-making. 
 

Promoting Consistent Security and Safety Experiences 

A single operations manual can help standardize procedures so that security officers, supervisors and managers all work in tandem. This consistency results in an enhanced experience for employees and other stakeholders, and raises awareness of critical safety and security protocols. 
 

Sharing Resources Across Multiple Locations

When you’re operating at multiple locations, and an emergency occurs, you will be able to pull trained security staff from other locations who are already familiar with your operating procedures. Access to additional personnel prepared specifically for you is incredibly valuable.
 

Implementing Strategic Technology Solutions 

An organization-wide security technology strategy is more cost-effective and reaps greater benefits including enhanced data collection and communication.

A portfolio management strategy for security services will allow for streamlined and consolidated services and responsibilities while improving overall effectiveness. Is your security program operating as efficiently as possible? Read more about moving your security program from better to best with a consistent use of standard policies and procedures.

  About the Author
  Guy Hassfield is the Vice President of National Accounts Business Development for Allied Universal.