Risk management model for transportation company

Abstract

There are different risk management models developed in scientific as well as in practical literature, but they are usually of general manner and should be adapted for particular company or field of activity. The paper aims at developing a risk management model for transportation company, based on the prevalent theoretical provisions of risk management activity. The separate attention is given to risk identification stage as it proves to be a critical step of risk management process. Different methods, such as SWOT, PEST, financial analysis and questionnaire are applied to identify risks in transportation sector company. The proposed model includes the basic steps of risk management process and ends with a detailed risk management plan preparation.