The element of risk presents uncertainty of reaching set goals and objectives. However, different types of risk apply to different areas of expertise. Are you a fleet manager who associates risk with vehicle breakdowns and downtime? Or are you a highway asset management professional more concerned with legislative reforms such as MAP-21 and the health of your highway network?
What does risk mean to you and your job?
This quick guide examines what types of risk you should be considering, risk management and how it affects asset management, and various methods that can be used to transform the potential impact of risks into opportunities for your organization.