Case
Case: Risk Management
- Course
- Institution
For the minor Event Management 1 at Stenden University we have made several cases. This case is about Risk Management. Sorry for any grammer or spelling mistakes.
[Show more]
3 reviews
By: stefponne • 6 year ago
By: frederiekefetter • 6 year ago
By: hedy • 6 year ago
Seller
Follow
Raymondtweethet
Reviews received
Content preview
Risk management 10-03-2017EMBL-Homework
Case: Case 3, Risk management
Tutor: Wilco van der Camp
Case answered by: Raymond Douwes
Class: LM_EVENT_C
Summary case
Twenty percent of event planners say that their risk management plan was ineffective following last
week’s Brussels terror attack. 28% didn’t had a risk management plan. Risk Management plans didn’t
meet the standards.
Keywords
1. Risk Management Plan
2. Responsibility regarding risks and safety in events
3. Crowd control
4. Crowd management, and its differences
5. Risk Management Procedures
6. Risk Assessment
Keyword 1: Risk Management Plan
Definition Risk management
Definition 1: Risk management is recognizing and reacting to uncertainties to minimize negative
outcomes and maximize new chances instead of avoiding them (Rutherford Silvers, 2008).
Definition 2: The identification, analysis, assessment, control, and avoidance, minimization, or
elimination of unacceptable risks.
Riskmanagement
Rutherford Silvers (2008) says that risk is ‘the unknown’. It doesn’t always have to be something
negative, it could also be a positive possibility.
‘Risk is any condition or occurrence that might affect the outcome of an event or event activity and
might expose an event organization to loss measures in terms of probability and consequences.’
(Rutherford Silver, 2008, p.4).
There are two types of risk:
- Speculative risk: there might be a loss and there is a chance for a gain
- Absolute risk: there might be a loss and there is no chance for a gain.
A risk manager works together with the event organizer. They have to clarify to each other what the
specifications of the event are (Rutherford Silvers, 2008).
Dimensions of Risk:
What is at risk?
• People • Systems
• Property • Environment
• Finances • Image
Raymond Douwes 1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Raymondtweethet. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.21. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now