Here’s an estimate of what your organization might spend on access control and locks, as well as the lives, resources and money you could save as a result of the installation of these technologies.
By Robin Hattersley Gray · March 22, 2016
This article is part one of a two-part cost/benefit analysis of locks and access control. Check out part two here.
One of the biggest challenges facing any school, hospital or college protection professional is demonstrating to other campus stakeholders the value of the various security and public safety technologies they want to adopt. Whether it’s a new or upgraded two-way radio system, emergency notification solution, video surveillance system or other technology, overcoming the perception that security is just a cost center can be daunting.
That’s why Campus Safety magazine is embarking on a new, year-long project to determine the actual costs of the security solutions that campuses frequently deploy, as well as the tangible and intangible benefits that are realized as a result of their adoption or upgrade.
RELATED: Managing Access Control & Video Surveillance System Maintenance
This first installment focuses on access control and locks. In this article, several end users, consultants and manufacturers in healthcare and education discuss the expenses their organizations have incurred, as well as the benefits they’ve experienced as a result of their access control and lock upgrades. These benefits could include the prevention of crime, apprehension of suspects, brand/marketing improvements, insurance rate reduction, improved student/staff recruitment and retention, and force multiplier benefits.
What is the Actual Cost of Campus Crime?
The first challenge when conducting a cost/ benefit analysis of any security solution, be it technical or otherwise, is to determine the actual financial damages that are the result of crime. Of course, there really is no way to put a dollar amount on a life that’s been cut short or has been permanently altered as the result of a traumatic event, not to mention the impact on others. That being said, assessing financial damages appears to be the only quantifiable way to measure the losses associated with crime — even if this method may seem cold and calculating.
Read more about The Costs of Crime and the Benefits of Security Technology, Part 1 …