The GBTA Foundation, the education and research arm of the GBTA, has launched a new travel risk management assessment tool.
The organisation said the tool is a “major update” on the current travel risk tool (TRM3) designed to help companies evaluate their risk management programme and identify opportunities for improvement.
“This single biggest issue for our members right now is duty of care,” said Michael W. McCormick, GBTA executive director and COO.
“A recent lightning poll survey of our global members following the terror attacks in Brussels showed 20 per cent of organisations do not have a risk management plan in place and an additional 8 per cent are unsure if they have a plan. Clearly there is work that still needs to be done,” he added.
The tool assesses each key performance area of a travel risk management programme in greater detail and provides specific recommendations to help companies “take their programme to the next level”.
The self-assessment tool looks at the following nine categories: policies and procedures, education and training, risk assessment, risk disclosure, risk monitoring, response and recovery, notification, data management and program communication. Based on the answers, it rates your program from “Level 1" defined as reactive up to “Level 5,” which is defined as optimized indicating that the travel risk program is integrated throughout the organisation.
The tool has been created in partnership with risk management firm iJet.