Hotel and Restaurant Management
A risk management plan is an important facet of planning any event. A risk management plan recognizes all the prospective risks that may arise from holding an event and then lists the steps event organizers will take to diminish identi ed risks. An event is full of uncertainties like power failure, equipment failure, medical emergency, brawl, stampede, re, sponsorship
withdrawal, last minute turned down by an artist etc. How will you deal with all these contingencies without a well thought out risk management plan? Risk management is done at each and every stage of event production. For e.g. when risk management is done in the information management eld, then it deals with loss of data due to data theft or hard disk crash. When risk management is done in the security management eld, then it deals with brawl, stampede, medical emergency, accidental re etc. Similarly there are risks connected with: human resource, nance, marketing, quality management, attendees, food and beverages management, programs, technical management, infrastructure, logistic, procurement and team management.