Risk Management for Events, 2nd Edition

2The risk management process, tools, and techniques

Know the risks before you take them

This chapter will examine how to:

• Develop a comprehensive and effective risk management plan for every event
• Conduct a thorough risk assessment incorporating the appropriate identification and analysis of risks
• Formulate response plans appropriate to the event’s identified risks
• Establish systematic strategies for monitoring risk control actions and response plan results
• Create procedures for the comprehensive documentation of the risk management plan and outcomes

Introduction

Effective risk management requires a thorough and thoughtful procedure that examines and analyzes each possibility, then takes the necessary steps and allocates the proper resources ...