Disruptive events can cost organizations lost productivity dollars. Global Business Traveler Association (GBTA) estimates the average cost of a 3-day international business trip at more than $4,000 (USD). Proactive measures that reduce the frequency and severity of incidents help to avoid response and recovery expenses as well as reduce potential liability.
A comprehensive TRM program can significantly mitigate your risk exposure. Travel risk management (TRM) provides a framework for planning, training, threat monitoring, incident response, and continuous feedback.
In this best practices guide, you'll learn:
- Travel risk management program best practices
- The business impact of a successful TRM program
- Tools and technology that can help ensure the safety and well-being of your personnel.
Also included are tools to help you conduct an in-depth travel risk management program assessment and guidance for improving your organization's TRM program.
Travel Risk Management Program Assessment
The objective of any risk management program is to mitigate risk to an acceptable level. The Travel Risk Management Maturity Model (TRM3) provides a method to objectively benchmark your risk management program into five maturity levels. Each level lays the successive foundations for continuous improvement.
Use the self-assessment toolkit to evaluate your organization across 10 key process areas and determine your travel risk management program's maturity level. The assessment tools include comprehensive assessment criterion, scoring methodology, ratings matrix, and insights to help you prioritize improvement efforts.
Download the Travel Risk Management Best Practices Guide.