New Risk Analysis Standard Available

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October 6, 2010

The American Society of Mechanical Engineers (ASME) and ASME-Innovative Technologies Institute, LLC (ASME-ITI) have announced the new ASME-ITI Higher Education Risk Standard. "A Risk Analysis Standard for Natural and Man-Made Hazards to Higher Education Institutions" is designed to identify, analyze and address risks on college and university campuses. It is based on the Risk Analysis and Management for Critical Asset Protection (RAMCAP) Plus^®process and has been officially approved by the American National Standards Institute (ANSI).

This voluntary standard provides a consistent and sound methodology to analyze and quantify risks on college campuses, and lays out a risk analysis process to support decisions allocating resources to reduce risk. The standard helps campus decision makers with the following:

Asset identification
Threat characterization
Consequence analysis
Vulnerability analysis
Threat probability
Risk analysis and resolution

After following these steps, decisions can be made concerning how to reduce the risk for the assets under consideration. This standard is intended to provide a consistent and technically sound methodology to identify, analyze, and communicate hazards on college and university campuses. The methodology considers security and safety for individuals as well as the campus infrastructure, including buildings, laboratories, utilities and other resources for key functions. It is flexible and can be implemented by campuses with varied populations and resources.