Business
Risk management is something many event committees avoid. ‘Those things will never happen to us,’ they say. I call BS. Risk can happen to any event, no matter what size or scale. I believe it is the lack of awareness around what risk is for events that creates this apathy.Risk is so much more than the health and safety of event attendees – think environmental risk, financial risk, marketing or reputational risk.Understanding all of the different types of risk for an event can be overwhelming and quite frankly may make you reconsider running the event …but with simple systems and processes in place to manage risk you will be fine - it does not have to be as scary as it sounds!In this episode, Linda shares a four-step process to effective risk management.“I’ll try hard not to scare you. There is a fine balance between being aware, addressing risks and still delivering an amazing experience. Risk management is not about not-having parts of your event; it’s about making sure you can deliver a quality experience for your attendees safely.”Highlights:1:37 The four-step process to effective risk management1:58 How to identify your event’s risks3:39 How to work out the level of risks5:17 How to mitigate and prevent medium and high risks7:08 Contingency plans7:55 The goal of risk management8:37 Post-event debriefing9:02 A template for your event’s risk management plan and risk action plan9:25 Your committee’s legal responsibilities and getting legal advice10:23 Insurances12:22 Licenses and approvals13:08 Traffic management14:19 Who is responsible for managing risk – committee member or a professional?14:52 Terrorism