Event Risk Management is the primary factor to be considered in organizing an event, including indoor and outdoor event. Risk Management is important in order to avoid waste and losses. This slide share gives you more understanding on what we called as Risk Management, what are the risks involved in event organizing and how we want to avoid or reduce the risks.
4. RISK MANAGEMENT DEFINITION
Risk management is the process of
identifying risks, assessing risks, and
managing risks – for examples: safety
and security, cash-flow crisis, staff
problem, poor publicity, bad weather
etc. Risk management is as much about
identifying opportunities as avoiding or
mitigating losses
6. MANAGING RISK & HAZARD
Eliminating Plan: eliminate the risk
altogether (e.g. erecting covered walkways
to protect spectators from rain)
Substitution Plan: Replace something
with better one (such as looking for a
better-designed grandstand)
Isolation Plan: Transfer to another place
(e.g. isolating dangerous or noisy
equipment)
7. MANAGING RISK & HAZARD
Engineering Controls: Control crowds and
electrical equipment (e.g. cover electrical
equipment during raining)
Administrative Controls: Preparing a
good committee and surrounding (e.g.
erecting warning signs and training staff
well in procedures)
Contingency Plan: Developing
evacuation plans for situations in which
risk cannot be completely avoided