Travel Risk Management while maintaining cost effeciencies.ACTE.China.Jun 09

Can Enhanced Traveler Safety Improve Traveler Performance? Tony Ridley Director Security Services Asia Pacific International SOS [email_address]

Agenda Business Objectives Factors Affecting Success Measures to Improve ROI Risk Management Questions

Corporate Asset Allocation

Value Distribution

Create revenue Manage business Cost containment Promote brand Develop people Maximize time Leverage opportunity Foster relationships Efficient use of resources Return on investment Avoid delay or cancelation Preserve assets Key Business Objectives of Traveling Executives

Threats
Environmental
Accidental
Human
Individual
Preparation
Monitoring & Surveillance
Communications
Risk
Personnel
Reputation
Information
Equipment
Liability
Financial
Productivity
Factors Impacting the Success of Business Travel

Event Response Model

Risk Management Model

Whole of travel measurement
Cost of management
Cost of travel
Cost of disruption
Lost business / opportunity
Asset performance
Profit center not cost center Whole of journey tracking Connective travel management and strategy Risk management Measures to Improve ROI of Business Trips

Time and Investment Loss

Total Company Exposure

Identify the threat Evaluate current management strategies Administrative & procedurally Assess the risk Identify risk reduction measures Implement improvements Educate users and managers Monitor and surveillance Risk Management Strategies for Corporate Travel Managers

Optimized Travel

Discount Travel

Can Enhanced Traveler Safety Improve Traveler Performance? Tony Ridley Director Security Services Asia Pacific International SOS [email_address]

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Travel Risk Management while maintaining cost effeciencies.ACTE.China.Jun 09

by Tony Ridley on Jun 17, 2009

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Travel Risk Management while maintaining cost effeciencies.ACTE.China.Jun 09 Presentation Transcript