Loss Prevention
Loss prevention focuses on what your critical titles are and how you are going to protect them. A key component to LP is assessing the potential threats to the successful achievement of the goal. This must include the potential opportunities that further the object (why take the risk unless there's an upside?) Balance probability and impact determine and implement measures to minimize or eliminate those threats.
Read more about this topic: Security Management
Famous quotes containing the words loss and/or prevention:
“We feel public misfortunes just so far as they affect our private circumstances, and nothing of this nature appeals more directly to us than the loss of money.”
—Titus Livius (Livy)
“... if this world were anything near what it should be there would be no more need of a Book Week than there would be a of a Society for the Prevention of Cruelty to Children.”
—Dorothy Parker (1893–1967)