With a remarkable growth and expansion of Internet, the security issues emerged from intrusions and attacks such as computer viruses, denial of services and hackings to destroy information have been considered as serious threats for Internet and the private networks. To protect networks from those attacks, many vendors have developed various security systems such as firewalls, intrusion detection systems, and access control systems. However, managing those systems individually requires too much work and high cost. Thus, in order to manage integrated security management and establish consistent security management for various security products, the policy model of PN-ISMS (Policy Based Integrated Security Management System) has become very important. In this paper, present the hierarchical policy model which explore the refinement of high-level/conceptual policies into a number of more specific policies to form a policy hierarchy. A formal method of policy description was used as the basis of the mode in order to achieve precision and generality. Z-Notation was chosen for this propose. The Z-Notation is mathematical notation for expressing and communicating the specifications of computer programs. Z uses conventional notations of logic and set theory organized into expressions called schemas.