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Session Spotlight: When/Why/How to Complete a Security Project Cost Estimate

03 July 2017

​​​​​​​Jim Black, CPP, PSP​
Security Design Team Manager

JimBlack.JPG​​​​​​​​​​​​Cost overruns can make headlines and when they do, it's not pretty. Even when excessive costs are not exposed to external view by the public, such circumstances can cause undesired short-term and long-term security program consequences.

Inaccurate project cost estimates are a key contributor to the failure of security projects gaining management approval from the outset. Unforeseen circumstances; change orders, scope creep, and hidden soft costs, all contribute to escalating costs. The results can include damage to professional reputation, perceptions that security projects do not provide an appropriate return on investment, and ultimately a general lack of confidence in the success of a security project.​

A cost estimate is a critical step in reaching a final decision on whether to proceed with a security project. Learn the key milestones where having a valid security project cost estimate is essential to the success of your security project.

Key takeaways include:

  • Learn the biggest risk to the accuracy of a security project cost estimate.
  • Learn the most important component missing from the typical security project cost estimate.
  • Learn how accurate security project cost estimates are essential to project success.
  • How to anticipate the impact of "Value Engineering" on your project costs.

​Join me on Tues. 26 Sept. at 2pm for this collaborative discussion.

Before you go, let me know what you are looking to get out of this session!  What is the single most important challenge you face to completing a timely and accurate security project cost estimate?​

Reach out to me with your response at​, @securitymaven​ on Twitter, or on LinkedIn​. See you at ASIS 2017!​

​​This session is taught in collaboration with Jeff Lane, ASSA ABLOY, and Rene Rieder, Arup.

View this session in the sh​ow planner.​​​​​