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Risk Management
Risk Management
RISK MANAGEMENT
RISK MANAGEMENT PROCESS
Step 2:
Step 8:
Identifying Step 5: Control
Recording
risks
Step 6:
Step 3:
Mitigating Step 9 Review
Decision
actions
3. NINE STEPS TO ASSESS THE RISKS
For example:
- Type of event: small events -> low budget for
equipments -> technical issue (technical)
Step 3: Decision
Decide on who may be harmed. This may include,
for example:
- People particularly at risk
Ex: young workers, trainees .
- People not familiar with the site
Ex: contractors, visitors, members of the public
Step 5: Control
Changing the likelihood
Changing the consequence
Accepting the risk
Transferring the risk to another party
For example: Technical Issue (Audio)
- Changing the consequence of missing a performance by using
back-up audio
- The audiences stills get to enjoy the event to the fullest
Step 5: Control
Risk control strategy
In his comprehensive manual on risk management for events,
Berlonghi (1990) suggests:
- Cancel and avoid the risk
- Diminish the risk
- Reduce the severity of risks that do
- Devise back-ups and alternatives
- Distribute the risk
- Transfer the risk
- Slam dancing
3. NINE STEPS TO ASSESS THE RISKS
- Stage diving
3. NINE STEPS TO ASSESS THE RISKS
- Crowd surfing
3. NINE STEPS TO ASSESS THE RISKS
Step 8: Recording
Advisable
Suitable and sufficient to demonstrate
Accurate records -> monitoring hazards
Step 9: Review
Evaluating the successes and failures of the risk control strategy
is central to the planning of future events. The event company
must be a ‘learning organization’.
The analysis of, and response to, feedback is essential to this
process.
Glenn A. J. Bowdin, Johnny Allen, William O’Toole, Robert Harris, Ian
McDonnell, (2006). Event Management (2th edn). Routledge, p.329