The Balanced Scorecard as a Tool for Security Management Measurement

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The Balanced Scorecard as a Tool for Security Management Measurement

Table of Content
List of Abbreviations..........................................................................................................i List of Figures....................................................................................................................ii 1. 1.1 1.2 2. Introduction ....................................................................................................................... 1 Objective of the Study .......................................................................................... 1 Course of the Investigation ................................................................................... 1

Balanced Scorecard ........................................................................................................... 2 2.1 2.2 2.3 Background Information and Nature of the Balanced Scorecard......................... 2 Implementation of the Balanced Scorecard .......................................................... 3 The Balanced Scorecard as a Performance Management System ........................ 4 Security Management ...................................................................................................... 5 3.1 3.2 3.3 Definition.............................................................................................................. 5 Reasons for Security Management ....................................................................... 5 Previous Approaches - Security Metrics .............................................................. 6

3.

4. The Balanced Scorecard and its Usage in Security Management ................................. 7 4.1 4.2 5. Amplification of the BSC - Security Perspective ................................................. 7 Requirements to and Response From the Balanced Scorecard ............................ 8

Excursus: Information Technology ................................................................................. 9 5.1 5.2 Importance of Information Technology ............................................................... 9 Information Technology as a Basis for Management Systems .......................... 10

6. Conclusion .......................................................................................................................... 11 Reference List ........................................................................................................................... 12 Appendix ................................................................................................................................... 14

The Balanced Scorecard as a Tool for Security Management Measurement

i

List of Abbreviations
BSC US(A) IT Balanced scorecard United States (of America) Information Technology

The Balanced Scorecard as a Tool for Security Management Measurement

ii

List of Figures
Figure 1: The Four Perspectives of the BSC According to Kaplan and Norton............14 Figure 2: The Balanced Scorecard Defines a Strategy´s Cause and Effect Relationships..................................................................................................14 Figure 3: The Balanced Scorecard Amplified - Security Perspective............................15 Figure 4: Traditional Security Metrics............................................................................15

The Balanced Scorecard as a Tool for Security Management Measurement

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1.

Introduction

Entrepreneurial activity has always been connected to covered and uncovered risks. However, no risk can be completely compensated. Every company faces a variety of uncertainties which can, on the basis of their business profile in combination with its reactivity, bear many risks but also chances (Weber, Weißenberger, & Liekweg, 1999, p. 12).The uncertainties each company faces have increased during the last decades due to rapid globalization....
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