Risk Management Plan for Events: Identifying, Evaluating, and Mitigating Risks

Risk Management Plan

Table of Contents
INTRODUCTION...........................................................................................................................1
RISK MANAGEMNT CONTROLS...............................................................................................1
RISK ACTION PLAN.....................................................................................................................5
RESIDUAL RISK............................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
A risk is an occasion or condition that, assuming it happens, could affect the objectives or goals. Risk Management is the most
common way of distinguishing, evaluating, answering, checking, and detailing risks (Allen and et. al., 2022). This Risk Management
Plan characterizes how dangers related with the project will be recognized, examined, and brought down. It frames how risk managing
exercises will be performed, recorded, and observed all through the lifecycle of the project and gives templates and practices to
recording and focusing on risks.
RISK MANAGEMNT CONTROLS
Risk management control will imply the key stakeholders, project partners, teams, and will incorporate an assessment of other
elements, corporate culture and the task the management plans including the vision of project (Brynildsen and Parent, 2021). Cautious
consideration will be given to the venture expectations, suppositions, imperatives, WBS, cost/exertion gauges, asset plan, and other
key task reports.
Event Name: Venue:
Date: PAX: Risk Management Controls for Event
Category
(Risk/
Hazard)
Description Likelihood
Rating
Consequence
Rating
Equals
what level
of risk
Controls to
minimise
risk
Updated
level of
Consequenc
e
Who is
responsible
to Manage/
Monitor
Reputation
Risk
Reputational risk is a
danger or risk to the
great name or remaining
Low chances
due to the
effective
Extremely
high
consequence
Moderate/
Medium
Managing
the activities
of the
Low -
Moderate
Event
manager/
organiser
1