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Risk-in-a-Box for Airports is the result of collaboration between globally-renowned experts in the fields of risk, airports & infrastructure, software, and defence.

 

A one-stop solution designed to deploy best practices & processes for airports needing to understand and manage their risks - and opportunities – and rapidly propel them towards a culture of risk maturity and excellence.

Why should you consider Risk-in-a-Box for Airports

 

Airports currently face:

  • Weak Global Economic Outlook

  • Rise of Regional International Airports

  • Challenge of Low-Cost Carriers

  • Other Industry Challenges

The Need for Enterprise Risk Management

  • For small to medium sized airports, the loss of an airline can be catastrophic, and requires management to be highly responsive to the changing economic conditions to ensure continued sustainability.

  • To achieve this, there are many opportunities to exploit and threats to manage, to ensure that strategic objectives are achieved.

  • To achieve growth, there is a need to develop the airport estate to ensure that future capacity can be delivered.

  • Attracting investment requires a strong, well developed business case.

  • New developments require planning approval from the authorities.

  • Although airports are typically considered to be non-complex businesses, there are many variables and risks with cross functional inter-dependencies that management need to actively consider and review on a regular basis to ensure that strategic objectives continue to be met.

​The Risk-in-a-Box way:

Risk-in-a-Box for Airports underpins sustainable airport development and operations

Implementing a risk management framework and building a risk management culture supported by the right technology ensures that risks are appropriately managed and mitigated, so management energies can focus on building a sustainable future for the airport and its customers.

The process

A typical project is delivered in 4 distinct phases:

  • Assess the airport’s existing risk management framework against the risk maturity model

  • Redesign the governance structure

  • Change the risk reporting framework

  • Introduce technology to underpin the risk management process (riskHive Enterprise Risk Manager)

To find out more about the methodology and process for Risk-in-a-Box, please get in touch with us.