Mastering the Value Function of Security Measures (VALUESEC)

Led by J. Peter Burgess
Jan 2011 - Dec 2013

VALUESEC seeks to support transparent and robust decisions on security investment by combining a thorough analysis of societal dimensions of security measures with state-of-the-art models of decision-making and economic evaluation. A central task of the project is to define, weight and quantify attributes of costs and benefits, while paying attention to advantages and disadvantages of security measures. One of the VALUESEC’s challenges is the integration of economic (mostly quantitative) and societal effects (mostly qualitative) of security measures into one methodology framework - a “value function”.

The project first analyzes and describes trends in decision-making processes. It then generates a knowledge base of economic methods applied to security decision making and identifies potential for improvement. The overall aim of the project is to incorporate the designed methodological framework into a decision-making toolkit, which will be flexible, user friendly, and applicable to a large spectrum of possible decisions in the security domain. VALUESEC thus provides for the inclusion of stakeholders and runs several test cases, not least to bring the toolkit to practical use.

PRIO’s role in the project is to identify future threats and security measures, available methodologies for decision-making, as well as social, political and ethical tradeoffs of security measures.

Partner Institutions

  • Fraunhofer-Gesellschaft zur Förderung der angewandten
  • Forschung e.V., Germany (Project Coordinator)
  • Valtion Teknillinen Tutkimuskeskus – Technical Research Center of Finland,  Finland
  • CESS GmbH, Centre for European Security Strategies, Germany
  • Universitetet i Stavanger, SEROS – Centre for risk management and societal safety, Norway
  • ATOS Origin Sociedad Anonima, Spain
    EMAG – Institute of Innovative Technologies, Poland
  • White Cyber Knight Ltd., Israel
  • Policía Local de Valencia, Spain

Research Groups


Peer-reviewed Journal Article

Abrahamsen, Eirik Bjorheim; Kenneth Pettersen; Terje Aven; Mareile Kaufmann & Tony Rosqvist (2015) A framework for selection of strategy for management of security measures, Journal of Risk Research. DOI: 10.1080/13669877.2015.1057205.

PRIO Policy Brief

Kaufmann, Mareile (2012) Resilience: A Stock-Taking. Key Characteristics and Implications for Human and Societal Security Policy, PRIO Policy Brief, 12. Oslo: PRIO.

Report - Other

Kaufmann, Mareile (2011) 3.2 ValueSec Catalogue of evaluated Methodologies and Tools available, which address security decisions FP7 Project "Mastering the Value Function of Security Measures" (Valuesec).
Kaufmann, Mareile (2011) 2.1 ValueSec Decision Domains, Concepts and Trends relevant for Security Decisions: FP7 Project "Mastering the Value Function of Security Measures" (Valuesec).
Kaufmann, Mareile (2011) 3.1 ValueSec Framework for the Assessment of Methods and Tools, which address security decisions: FP7 Project "Mastering the Value Function of Security Measures" (Valuesec).
Kaufmann, Mareile (2011) 3.3 ValueSec Evaluation of Methods and Tools, and the required improvements: FP7 Project "Mastering the Value Function of Security Measures" (Valuesec).