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As an event planner, we need to develop and arrange every single details carefully to ensure the particular event will be go through successfully. But during the event, we will face various of unpredicted situations or even risks which might involve accidents  that will cause loss, injuries and influence our event. Therefore we need to expect some risks that might happen, analysis and avoid it. Those risks are possible being caused due to weather, lack of safety in the event and security. Before the event start, we need to make sure the person who take care in risk management must checked all the things, the event is fully secured and also observe every situation that may occur during the event.

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Risk management is essential for the team to identify the potential risk that might happen in the event. From there, the team get to learn how to tackle and resolve it when a real crisis arise. Risk management plans enable you and the team to know the probability of the occurrence. Low risk events might bring little  or no impact on the cost, schedule and the performance. Moderate and high risk might causes some increase in cost, budget, or even disruptions to the whole event and performance. However, the team will need to identify and prepare an execution plan in order to avoid the incident from happening. From there, your team will be able to respond quickly and effectively to minimiZe and eliminate it so that the project can be finished on time. Besides, the team will also need to discuss with the stakeholders,project sponsors and also the team members to pre-prepare the solutions for it.

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Risk management is important for event projects because the event organizer can identify the strength, weakness, opportunities and threats for the event. In addition, risk management also can help event organizer to be ready if there is any unpredicted incidents happen during the event. Having an effective risk management is also essential because event organizer knows how to achieve their marketing strategies goals in order to make their event successful. Furthermore, event organizer should do an early preparation by finding sponsorships from various company to make sure the event is financially supported. Moreover, it can help decreasing the negative risk of the event so that the event will run smoothly throughout the event. Lastly, effective risk management strategies allow your company to maximize profits and minimize expenses on activities that don’t produce a return on investment.

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Risk management is important to an event project is because risk management is help to reduce or allocate risks, the logistic department have to help out to analyse all the risk that may happen when the event is progressing and also the risk before event held. Moreover the second reason is Ensure that high priority risks are aggressively managed and that all risks are cost-effectively managed throughout the project. Risk management have to avoid the risk that may affect the event for example, cost of the event, when the event cannot control about risk the event will facing the problem of the loss profit. Last but not least, Provide a rational basis for better decision making in regards to all risks. When analyse the risk of the event, decision making is vital for risk, it have to ensure all the decision making are right, if the decision has gone wrong it may cause a big problem for the events.

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Risk management is important to an event project is because risk management is help to reduce or allocate risks, the logistic department have to help out to analyse all the risk that may happen when the event is progressing and also the risk before event held. Moreover the second reason is Ensure that high priority risks are aggressively managed and that all risks are cost-effectively managed throughout the project. Risk management have to avoid the risk that may affect the event for example, cost of the event, when the event cannot control about risk the event will facing the problem of the loss profit. Last but not least, Provide a rational basis for better decision making in regards to all risks. When analyse the risk of the event, decision making is vital for risk, it have to ensure all the decision making are right, if the decision has gone wrong it may cause a big problem for the events.

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Kong

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Risk management basically allows us to identify our project’s strengths, weaknesses, opportunities and threats(Swot). Early planning for unexpected events, you can be ready to respond if they arise. It is also important to ensure our project’s success, define how we  will handle potential risks so we can identify or avoid problems when you need to do. A successful project managers recognize that risk management is important because achieving a project’s goals depends on planning, preparation, results and evaluation in achieving strategic goals. Firstly, planning whereby it contibutes to project success by establishing a list of internal and external risks. This plan typically includes the identified risks, probability of occurrence, potential impact and proposed actions. Secondly is preparation where this is to ensure that projects run smoothly, effective project managers communicate their plan to the project sponsors, stakeholders and team members. Thirdly is results whereby risk management processes for a company, make success more likely by minimizing and eliminating negative risks so projects can be finished on time. Last but not least, is the evaluation whereby evaluating the project's success so the company can use the best practices on their next project, assess the impact of your activities on  exposure to problems and company’s strengths.

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Risk management is very important to event project success. This is because it allows you to identify the SWOT of the event. There can be known risks and unknown risks in any event.  Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. Planning, preparation, results and evaluation are the important steps to achieve an event’s goal. It has some benefits of developing a risk management plan. Firstly, it can help us to avoid any big mistakes by developing a risk management. Moreover, it helps us to control our budget by saving our expenses. In a nutshell, risk management could work as a reference for every event to ensure the event success.

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Events are full of uncertainties. Therefore, it’s important to have a mindful of safety and security plans intact in order to control these uncertainties. A risk management plan identifies all the potential risks that may arise from holding an event. It lists out the steps event organizers need to take in order reduce or mitigate identified risks. Of course, you cannot always regulate all the risks and many are out of the event organizer’s control. In this case, it is important that the risk management plan details, who is responsible for coordinating the safety of the uncertain event that takes place. Since risk management is a very important part of event organizing, it need to be planned and carried out through the event in a professional manner. Beforehand of the event, one must identify and associate the activities and elements that may carry any risk and determine the consequences of then planning any safety measure that need to be carried out when needed.

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The success of your event is measured in many ways and safety is one of them. As part of any good planning process hazards should be identified and risks assessed and controlled to minimise the potential for injury or harm. Events vary in size, nature and type, but all events require assessment, control and monitoring of risks. While most of us understand this, we can find it difficult to apply to a working event document, such as Risk Registers or Risk Control Plans. Remember to start with something simple and build on it. It will become an invaluable tool that you can use to assess event safety – from the planning phase right through to the overall evaluation of the event.

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Risk management is an important part of project management which if done efficiently leads to the success of the project. However, there are some benefits the event will get if it has plans on how to manage the event. Firstly, it helps to avoid any big disaster. For example, Staff turnover or lack of staff: if only one project leader is responsible for the project, or if not sufficient knowledge is spread in the project, if only one person is responsible for administration and that person disappears. Finally, risk management is the only way for the organizing team to ensure nothing goes wrong. Hence, people will feel secure and safe in attending any event.

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Risk Management is of the utmost importance for any event as your public expects to be able to relish in the different and exciting atmosphere that is provided at the event. The atmosphere that is provided cannot be accepted or enjoyed by anyone if they do not feel safe and secure. All the staff and members involved in the event planning and implementation process needs to identify all the potential hazards during the planning of, and on site at the event. It is their duty to implement solutions to rectify any accidents or incidents that could occur. An individual Hazard Assessment sheet or a Hazard Summary Sheet will help implement such solutions thoroughly. It is crucial that you are well prepared so that everyone can avoid a mass panic when something goes wrong and follow the already set protocols to rectify a problem smoothly.

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The reason why risk management is important to Event Project Success because if there were risk occurring during the event, it may affect the results of the Event that would be disastrous. For an example, if there was an accident such as the venue was caught on fire, it could drastically affect the outcome of the event. Besides that, risk management allows the company to act on the spot without any delays or confusion as risk management reveals the possible risk that would likely to occur during the event. Lastly, a risk management that has been created could be used as reference for future planning or preparation for future events as it could ensure the success of the event.

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Effective risk management strategies allow you to identify your project’s strengths, weaknesses, opportunities and threats. By planning for unexpected events, you can be ready to respond if they arise. To ensure your project’s success, define how you will handle potential risks so you can identify, mitigate or avoid problems when you need to do.
Risk management plans contribute to project success by establishing a list of internal and external risks. This plan typically includes the identified risks, probability of occurrence, potential impact and proposed actions. Low risk events usually have little or no impact on cost, schedule or performance. Moderate risk causes some increase in cost, disruption of schedule or degradation of performance. High risk events are likely to cause a significant increase in the budget, disruption of the schedule or performance problems.

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Risk management is important to event project success because it can harm the future event organising committee and event itself. Of course many risks are out of the event organiser's control. In this case it is important that the risk management plan details who is responsible for coordinating the safety of every person should something that is out of the control of the event organiser occur.