Travel Risk Management Maturity Model – Glossary

Business Continuity Plan A plan to continue operations in the event of a disaster or other emergency situations.
   
Data Retention Policy The policies of persistent data and records management for meeting legal and business data archival requirements.
   
Notification process Outlines what notifications the traveler, stakeholders and other interested parties receive relevant to a trip or incident.
   
Offline Itinerary Data Reservations made outside your TMC and not automatically queued to 3rd party risk management systems.
   
Open Booking Reservations made outside your TMC.
   
Risk Exposure Is the probability of the enterprise, property, person, or activity facing a potential loss.
   
Risk treatment plan How the organization will handle a specific incident or situation.
   
TMC Travel Management Company .
   
Notification process Outlines what notifications the traveler, stakeholders and other interested parties receive relevant to a trip or incident.
   
Risk Exposure Is the probability of the enterprise, property, person, or activity facing a potential loss.
   
Risk treatment plan How the organization will handle a specific incident or situation.
   
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