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Risk Management for Meetings & Events

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A very short and basic presentation of risk management principles

A very short and basic presentation of risk management principles

Published in: Business

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  • 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)
  • 6.
    • Dr. E. Hamso Managing Partner European Event ROI Institute E-mail: [email_address] Telephone: +47 90 12 24 18 Website: www.eventroi.org Blog: www.elling.no/blog LinkedIn: www.linkedin.com/in/ellinghamso Social networks username: ellinghamso
  • 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