Managing risks when planning an event is of the utmost to ensure the safety and security of all event stakeholders. think of an event,**any event( could be corporate, at school, university or any volunteer organization you were part of, or even holding an event at home** you were part of its planning/execution. What sorts of risks did you consider and happened (or not)? Explain your answer

Identifying and characterising the hazards/threats Risk identification should be practical, anticipatory, realistic and, of course, systematic. A comprehensive identification of risks is necessary. To identify risks and hidden dangers, the following techniques might help: 1. Work breakdown structure (WBS, a decomposition of a project into smaller components) 2. Listing your event risk management assumptions and evaluate them 3 . Scenario development (what-if modelling) 4. Testing a range of scenarios of potential risks and their effects 5. Brainstorming Fault diagrams 7. Statistical methods . Incident reports of similar events or different events at the same venue . Consultation integrating intuitive knowledge Areas to Consider Risk is the likelihood of harm arising from the hazard. During the process of identifying risks the following list of areas (including several examples) might be useful to consider in a meaningful assessment: . Environmental risk - weather - acts of God Fire Health and safety risks, alcohol and drugs . Human error and crowd management Electrical power Financial risk Risk to your communication system . Reputation risk Legal risk - litigation Religious, moral and ethical questions Terrorism . Psychology - the risky fear Developing a Risk Management Matrix Impact Negligible Minor Moderate Significant Severe Very Likely Low Med Medium Med Hi High High Likely Low Low Med Medium Med Hi High Possible Low Low Med Medium Med Hi Med Hi - Likelihood Unlikely Low Low Med Low Med Medium Med Hi Very Unlikely Low Low Low Med Medium Medium Reference: Risk Management Matrix