Risk Management: A Necessity

Currently one of the major events that Event and Conference Co. is involved in is Homelessness Prevention Week . With Shelter WA as a client, Event and Conference Co. has been assisting with the event management for the week long event. 

This morning my first task of the day was to create a risk management plan, something I had not yet attempted. Throughout the event week, a car was to be driven into the city and parked each morning as a part of a display. My job was to develop a risk management plan for this simple activity. 

I found this task to be quite tedious as the likelihood for many of the risks to occur was relatively low. Although, as no one can predict what will happen in the future, it is extremely important for all organisations to have risk management plans in place in order to minimise or even eliminate negative impacts. Negative implications of risks can involve reputation, financial impacts or even health and safety concerns. Risk management plans are especially necessary in events as attendees and the general public could be affected.

Here are some more links that discuss the necessities of having risk management plans in place:
(Article One)
(Article Two)

Did anyone else complete tasks that they found to be tedious, but necessary? Let me know!

Until next time, 
Kodee