Airport Enterprise Risk Management

This course equips airport executives with best practices for navigating uncertainty through a structured, organization-wide approach to risk management. Enterprise Risk Management (ERM) enables airports to identify, assess, and manage risks holistically, ensuring regulatory compliance, protecting assets, and enhancing decision-making. By prioritizing risks based on impact and likelihood, organizations can implement strategies to mitigate threats and capitalize on opportunities.

The goal is to foster long-term resilience by balancing risk and opportunity in a systematic yet flexible manner, positioning the airport for sustainable success.

Learning Objectives

Upon completing this course, participants will be able to:

• Develop a governance structure and an enterprise risk management program
• Apply risk management approaches to assess and monitor major exposures
• Analyze strategies to address economic, operational, and strategic risks
• Understand professional risk management principles and ethical leadership conduct
• Recognize the role of behaviors, ethics, and values in responsible business practices
• Adapt leadership approaches to manage disruptions and uncertainty
• Identify and prioritize critical risks and opportunities for their airport
• Communicate risks effectively to executive management and the Board of Directors.
• Apply theories and frameworks related to uncertainty
• Establish risk/reward parameters for decision-making and authority delegation.
• Foster a culture of uncertainty awareness and integrate risk management into strategic planning
• Develop action plans that align with best practices to enhance organizational performance

Target Audience

• Airport Board Members and Executives
• Airport Senior Management across all functional areas
• Airport Strategic Planners and Risk Managers
• Aviation Consultants specializing in enterprise risk management

Course Content

• Developing a structured ERM framework for airports
• Risk and Opportunity Profiling – Identifying common airport risks and strategic opportunities
• Risk Assessment Criteria – Evaluating likelihood, impact, and influence on decision-making
• Risk/Reward Parameters – Establishing decision-making guidelines and frameworks
• Strategic Risk and Opportunity Analysis – Managing planning, design, and operations in a dynamic environment
• Uncertainty Management – Creating action plans and templates for proactive risk mitigation
• Adaptive Decision-Making – Understanding the benefits of uncertainty management in airport operations
• Practical Application – Individual and group exercises to develop strategies for real-world implementation