VALUESEC
Project title and agreement number for the project, Valuesec: “Optimization of Safeguards – Decision Support Based on Cost-Benefit Analysis,” implemented under the 7th Framework Programme – Grant Agreement No. 261742, dated January 17, 2011.
PROJECT OBJECTIVES:
The development of project products and the knowledge gained regarding their proper application aim to optimize the investment process in security, providing end-users with various benefits, such as investment savings, increased investment profitability, improved personal security, support in developing long-term security strategies, the ability to select options based on clearly defined metrics, assistance in prioritization and planning, facilitation of acceptance of specific solutions, as well as improved image and trust.
PLANNED OUTCOMES:
Based on the research results, assumptions for the method and tool were developed. A tool was designed based on the adopted cost-benefit analysis method. After the implementation phase, the method and tool underwent validation through case studies in various application areas, represented by consortium partners with “end-user” status, for whom the project products are intended. The validation results led to a revision of the proposed method and tool to develop commercial versions of the project products, which were disseminated following the principles and plan established within the project.
The project was focused on meeting the needs in application areas where security is a critical issue, such as: citizen protection, crisis management, public administration, healthcare, banking and insurance, and critical infrastructure protection – including energy, telecommunications, and transportation.
The development of project products and the knowledge gained regarding their proper application aim to optimize the investment process in security, providing end-users with various benefits, such as investment savings, increased investment profitability, enhanced personal security, support in developing long-term security strategies, the ability to select options based on clearly defined metrics, assistance in prioritization and planning, facilitation of acceptance of specific solutions, and improvement of image and trust.
Throughout the project, extensive knowledge was gathered on the application of methods and tools for decision support in security investments.
PROJECT VALUE: EUR 4,473,885.00.
CONTRIBUTION OF EUROPEAN FUNDS: EUR 3,443,210.10.
Consortium members:
- Fraunhofer Institute for Factory
- Operation and Automation IFF
- VTT Technical Research Centre of Finland
- CESS GmbH Centre for European Security Strategies
- INSTYTUT TECHNIK INNOWACYJNYCH EMAG
- Peace Research Institute Oslo
University of Stavanger - ATOS ORIGIN
- White Cyber Knight Ltd
- Valencia´s Local Police Department
