Risk management is the process of identifying, assessing, and planning for possible risks associated with activities and events. It aims to limit uncertainties, potential dangers, and loss. The document outlines types of risks like physical, emotional, financial, and reputational risks. It also discusses strategies for risk management like risk avoidance, reduction, and transference. The key is being proactive in considering risks and having plans to address them.
1. a.k.a.
Keeping people safe and our butts out of a
courtroom and nasty meetings, because
that’s no fun.
-Prepared by Allison Peters, 2014
2. What is it?
Risk management is the process of identifying,
assessing, and planning for possible risks
associated with activities and events.
The purpose is to generate ideas and practices to
limit uncertainties, potential dangers, and loss for
your organization or group.
When it comes to risk management, it is
always better to be proactive than reactive.
3. Why it’s so dang important…
You can be held personally liable and we’re all in
this together.
We never want to see students put a bad position
legally or in icky meetings with administration.
You can’t control for all risks and some things are
unforeseeable, but making strides to manage risk
can help protect you and your organization and
FSU.
4. Physical
Emotional
Financial
Reputational
Photo courtesy of Bricknave on Flickr, Creative Commons License Photo courtesy of clement127 on Flickr, Creative Commons License
Photo courtesy of brickdisplaycase on Flickr, Creative Commons License Photo courtesy of Pascal on Flickr, Creative Commons License
5. Violations of campus policies or state and local laws - food permits
and purchasing deadlines can get you
Event content yielding emotional or reputational risks
Content of advertising and PR – and those fun trademarking rules
Reaching or exceeding capacity for venues
Attendance or involvement by individuals you did not anticipate
Weather-related risks associated with outdoor activities
Specific physical activities: ex. Zip lines, inflatables, outdoor skating
rinks, flying ice chunks
Physical exertion such as lifting or moving heavy objects – closed toe
shoes to save our piggies
Transportation to, from, and/or during an event or activity
Malfunction or personal misuse of equipment
Damage to property or property loss
Illness or harm as a result of food and/or beverage consumption
Risk of personal injury, including but not limited to bodily harm,
permanent disability, dismemberment, and/or death
6. Think about your event environment
Venue concerns, Guests, Communication,
Personnel
Think about content
Identify risks. Ask yourself:
Who is exposed to potential harm?
Who would suffer potential loss?
What are the potential consequences?
7. Risk avoidance – Removing risks or hazards through elimination or
modification of elements or practices. Basically, changing your
plans.
Risk reduction – Lessen impact by reducing the probability
something will occur. Here are some examples you could use in
planning.
Security
Supervision and training for staff and volunteers
Procedures
Signage with instructions
Admittance and access controls
Restricted areas
Warning systems
Risk transference – Transferring liability for impact of a risk. Here
are some ways you can transfer risk.
Insurance coverage
Contracts with vendors
Waivers for participants
Written contracts with staff and volunteers
8. Talk through concerns
If it feels icky, it probably is.
Use your resources
Risk Management Checklist
Go though this list and consider each area.
Outline what you think the risks are and how you
plan to address them.
Identify any potential risks not listed and add them at
the end of the sheet.
Be careful and thorough.
Use campus event permits to cover campus
policies & to help with communication across
campus
9. Really, it’s all about good judgment, good
planning, and good choices.
Unlike this kid.
Photo courtesy of Scott Maxworthy, Flickr, Creative Commons Liciense