Affiliations: [a] Ph.D., Chair of the World Road Association (PIARC)’s Technical Committee A.3 (Risk Management), Head of Laboratory A5 (Risk Management and Resilience), Hellenic Institute of Transport, Centre for Research and Technology Hellas, Marousi, Greece | [b] Ph.D., Professor, Department of Transportation Planning and Engineering, School of Civil Engineering, National Technical University of Athens, Athens, Greece E-mail: [email protected] | [c] Ph.D., Assistant Professor, Department of Transportation Planning and Engineering, School of Civil Engineering, National Technical University of Athens, Athens, Greece E-mail: [email protected]
Abstract: Implementing risk management to an entire organization, though being increasingly applied, may appear challenging, often perceived as requiring substantial effort with unclear benefits. This paper aims at providing road transport organizations and practitioners with key references and a roadmap for designing and implementing Enterprise Risk Management. The methodology relies on synthesizing existing good practices from the road transport sector. A brief overview of state-of-art practices with applications using different structures are provided and implementation drivers, expected benefits and maturity levels are highlighted. Practical considerations and key success factors are discussed, followed by the suggestion of an integrated implementation framework including key concepts and tools.