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Something we value and want to preserve.

Assets are also called targets, vulnerable targets, victims, recipients, receptors, and risk‐absorbing items. Examples of assets are listed in Table 2.6 . Observe that the sequence of the assets in Table 2.6 does not imply any priority or ranking.

Table 2.6 Some types of assets.

– Humans (first, second, third, and fourth parties)– Community– The environment (animals, birds, fish, air, water, soil, landscape, natural preserve areas, and built environment)– Performance (e.g. availability of a production system, punctuality of a railway service)– Material assets (e.g. buildings, equipment, and infrastructure)

– Historical monuments, national heritage objects– Financial assets– Intangibles (e.g. reputation, goodwill, and quality of life)– Timing or schedule of activities (project or mission risk)– Organizational behavior