Decoding asset Definitions: ASIS vs. ISMI vs. ISO 31000: A comparative analysis"
kais Sfaxi Dip CSMP? M. ISMI?,MSyl
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ASIS (American Society for Industrial Security):
Anything that is valuable to the organisation, whether material or immaterial, is an asset.
ASIS defines an asset in terms of Physical Asset Protection (PAP). It considers assets to be essential items that organisations need to protect, including people, property, and information. The focus is on a management systems approach to design, implement, monitor, evaluate, and maintain a PAP programme to safeguard these assets.
ISMI (Institute of Security Management International):
Asset – Something of value to the organisation
While specific details on ISMI's definition of an asset are not readily available, it can be inferred that ISMI, being a professional organisation, would align with industry standards. Typically, such institutions view assets as resources that have value and are necessary to achieve an organization's objectives. These can include physical items, information, personnel, and organisational capabilities.
ISO 31000 (International Organization for Standardization):
ISO 31000 does not provide a specific definition of an asset but implies that an asset is anything that could be affected by risks and therefore needs to be managed within its risk management framework.
This includes tangible and intangible assets such as financial assets, intellectual property, corporate reputation, and personnel.
Scope of Assets:
- ASIS includes tangible assets like property and intangible assets like information.
- ISMI likely recognises a similar scope as ASIS but with a focus on the security management aspect.
- ISO 31000 encompasses all types of assets that could be affected by risks.
- ASIS aims to protect assets through a systematic PAP program.
- ISMI's purpose, while not explicitly defined, would be to establish best practices in security management to protect assets.
- ISO 31000 provides a framework for managing risks that affect assets.
- Approach:
- ASIS uses a management systems approach for asset protection.
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- ISMI, though details are not specified, would likely advocate for professional standards in security management.
- ISO 31000 offers a structured process for risk management affecting assets.
- ASIS is more focused on the physical protection of assets, while ISO 31000 is about managing risk in a broader sense.
- ISMI, while not detailed here, would presumably focus on the professional standards and practices in security management.
- ISO 31000's approach to assets is more about managing the risks they face rather than defining what constitutes an asset, which is more explicit in ASIS.
In summary, ASIS provides a clear definition and protection strategy for assets, focusing on physical, informational, and personnel assets. ISMI, though not detailed in this response, would likely align with professional security management practices. ISO 31000, meanwhile, takes a broader view, considering any resource that could be affected by risk as an asset and providing a framework for managing such risks. Each of these perspectives offers a unique approach to understanding and protecting the valuable resources of an organization.
(1) Physical Asset Protection - ASIS Homepage. https://www.asisonline.org/publications--resources/standards--guidelines/physical-asset-protection/.
(2) ISO 31000 Risk Management – Principles and Guidelines - PECB. https://pecb.com/whitepaper/iso-31000-risk-management--principles-and-guidelines.
(3) Standards & Guidelines | ASIS International. https://www.asisonline.org/publications--resources/standards--guidelines/.
(4) What Is an Asset? Definition, Types, and Examples - Investopedia. https://www.investopedia.com/terms/a/asset.asp.
(5) What Qualifies as An Asset Under IFRS? Assets Recognition Criteria. https://www.cfajournal.org/qualifies-as-an-asset-under-ifrs/.
(6) What is asset? Definition, Explanation, Types, Classification, Formula .... https://www.wikiaccounting.com/assets/.
(7) ISO - ISO 31000 — Risk management. https://www.iso.org/iso-31000-risk-management.html/.
(8) ISO 31000 - Risk management. https://www.iso.org/files/live/sites/isoorg/files/store/en/PUB100426.pdf.
(9) ISO 31000:2018 Risk management – Principles and Guidelines. https://committee.iso.org/sites/tc262/home/projects/published/iso-31000-2018-risk-management.html.
(10) What Is ISO 31000 and Why Is It Important? - ISO Certifications and .... https://learn31000.com/what-is-iso-31000-and-why-is-it-important/.
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