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Risk Management for Meetings & Events

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Elling Hamso
Elling Hamso

A very short and basic presentation of risk management principles

Business
1 of 7
Risk Management in the Meetings Industry Elling Hamso Managing Partner European Event ROI Institute
Risk Analysis What is the probablility? What are the consequences? How do we manage it?
Risk Classification PEOPLE risks - Illness - Injury PROPERTY risks - Physical property - Financial property - Information - Reputation OPERATIONAL risks - Continuity - Quality
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
Risk Management Strategies Tolerate (retain) Treat (mitigate) Terminate (eliminate) Transfer (by contract or insurance) 4 T’s (Dorfman 1997)
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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

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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)
  • 6.
  • 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