GBTA Launches New Travel Risk Management Assessment Tool

Updated Tool Not Only Assesses Risk Programs, But Provides Recommendations to Take Program to the Next Level

Alexandria, VA (April 7, 2016) – The GBTA Foundation – the education and research arm of the Global Business Travel Association – today announced the launch of the new Travel Risk Management Maturity Model (TRM3™) Self-Assessment Tool. The update to the TRM3 tool was created in partnership with iJET International thanks to a special task force of GBTA members and industry experts.

“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 percent of organizations do not have a risk management plan in place and an additional 8 percent are unsure if they have a plan. Clearly there is work that still needs to be done. The new TRM3 tool is designed to help companies evaluate their risk management program and identify opportunities for improvement.”

“Empowering organizations to protect their people, assets and reputation with the right solutions. That is why we come together to share best practices and provide operational standards for success,” said iJET CEO, Bruce McIndoe. “At the end of the day, keeping people safe is really what matters.”

The new tool is a major update over the current TRM3 tool in place and now assesses each key performance area of a travel risk management program in greater detail and also provides specific recommendations to help companies take their program to the next level. The TRM3 can help guide efficient, effective improvement across multiple process disciplines within an organization – legal, HR, travel, safety, security and business continuity.

The self-assessment tool looks at the following 10 categories: policies and procedures, education and training, risk assessment, risk disclosure, risk monitoring, risk mitigation, 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 organization.

The tool is available now for GBTA members.

CONTACT: Colleen Gallagher, +1 703-236-1133, cgallagher@gbta.org

About iJET International
iJET International (iJET) provides intelligence-driven, integrated risk management solutions that enable multinational organizations to operate globally with confidence. iJET’s end-to-end, tailored solutions integrate world-class operational threat intelligence, innovative technology, and response services to help organizations avoid threats, mitigate risk and protect their people, assets, and reputation. Founded in 1999, iJET is a privately held company headquartered in Annapolis, U.S. with regional offices in London and Singapore and country offices in Japan, India and Germany. For more information, please visit www.iJET.com.

About the GBTA Foundation
The GBTA Foundation is the education and research foundation of the Global Business Travel Association (GBTA), the world’s premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents. Collectively, GBTA’s 7,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA provides its growing network of more than 28,000 travel professionals and 125,000 active contacts with world-class education, events, research, advocacy and media. The Foundation was established in 1997 to support GBTA’s members and the industry as a whole. As the leading education and research foundation in the business travel industry, the GBTA Foundation seeks to fund initiatives to advance the business travel profession. The GBTA Foundation is a 501(c)(3) nonprofit organization. For more information, see www.gbta.org and www.gbta.org/foundation.

About the Global Business Travel Association
The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents. GBTA’s 9,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA and the GBTA Foundation deliver world-class education, events, research, advocacy and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. To learn how business travel drives lasting business growth, gbta.org