Analyze and Assess Venue and Event Risks

Identify all foreseeable causes of risk that are possible at the event, such as hazards or deliberate threats to safety and security of people or property. Measure the magnitude, consequence and likelihood of danger using Risk Analysis. Then use Risk Evaluation to compare the size and criteria of a risk to determine if it is acceptable.

Risk treatment involves selecting and implementing controls — otherwise known as risk mitigation measures or solutions — to minimize or eliminate the risk.

Risk recording and reporting requires the people responsible for each risk control or mitigation measure to document the status and provide real-time progress reports to senior management. This step ensures all senior leadership is updated on risk management progress activities.

Monitoring and reviewing is an ongoing process that applies to all phases of the risk management process. If an incident occurs or the organization’s risk appetite changes, the context (or scope) of the risk assessment might change. In risk analysis, if a new risk is identified after the initial risk assessment is completed, new risks can be added to the risk register.