Risk Management

Risk management is used to determine where the greatest areas of exposure to risk exist, and support management in deciding how to allocate limited resources effectively. In managing risk, a balance must be struck between costs and benefits, as clearly it will not be cost effective to address all risks equally.

The risk management component is using the information provided in advance together with risk profiles and other intelligence information on the operator, vehicle, goods and travelers to perform a risk analysis and selecting the high-risk objects for more thorough controls. This can be made automatically by using a modern Risk Management System.