Risk Management for Meetings & Events
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A very short and basic presentation of risk management principles
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Risk Management for Meetings & Events
- 1. Risk Management in the Meetings Industry Elling Hamso Managing Partner European Event ROI Institute
- 2. Risk Analysis What is the probablility? What are the consequences? How do we manage it?
- 3. Risk Classification PEOPLE risks - Illness - Injury PROPERTY risks - Physical property - Financial property - Information - Reputation OPERATIONAL risks - Continuity - Quality
- 4. P r o b a b i l i t y REMOTE (low) OCCASIONAL (medium) PROBABLE (high) C o n s e q u e n c e MARGINAL (low) CRITICAL (medium) CATASTROPHIC (high) Risk Assessment Matrix B C C A B C A A B
- 5. Risk Management Strategies Tolerate (retain) Treat (mitigate) Terminate (eliminate) Transfer (by contract or insurance) 4 T’s (Dorfman 1997)
- 7. Some useful websites http://www.copeworld.com/ http://www.iccaworld.com/cnt/docs/COPEbrochure.pdf http://www.safehotels.com/ http://www.alphagroup.ch http://www.docleaf.com/ http://www.clarityeventinsurance.com/ http://www.coverex.co.uk http://www.hse.gov.uk/pubns/indg163.pdf http://www.rmmagazine.com/ http://archives1.iomosaic.com/whitepapers/risk-ranking.pdf http://www.theirm.org/publications/documents/ Risk_Management_Standard_030820.pdf