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Application of Enterprise Risk Management at Airports
The objectives of this research are to develop (1) a guidebook for airport CEOs and their executive team on the application of enterprise risk management (ERM) to airports and (2) an electronic tool that can be used to prepare a risk classifications matrix. The guidebook should (a) define ERM; (b) examine the benefits, costs, and risks of implementation; (c) describe the process to implement ERM; (d) describe how the ERM process integrates with an organizational strategic planning process; and (e) describe how the information gathered through the ERM process can be used in airport organizations decision-making process. The guidebook should include forms and worksheets that can be used to implement ERM at airports.
