article thumbnail

Risk Management: Events are Risky Business 

SmartMeetings

Weighted risk tracking helps manage real contingency requirements We all plan events months in advance, years in advance, or maybe even, days in advance. Because of that not only do our risk management plans need to be well-thought out but so do our finances to cover those risks. Turns out there is.

article thumbnail

Event Contract Essentials in the Covid Era

SmartMeetings

event contract. Foster, CHME, an attorney with Foster, Jensen & Gulley , for an exclusive Q&A on event contract essentials in the Covid era. Listen to “Event Contract Essentials in the Covid Era” on demand. Meeting professionals today are risk managers. The good news is that vaccines are here. Key Clauses.

Contracts 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Preparation is the Key to Risk Management

Smart Meetings

Risk management is a dedicated preparedness rather than simply a mental exercise, according to Lisa Sommer Devlin, the most recent Smart Meetings webinar host. In her talk, “Risk Management 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them. Legal Risks.

article thumbnail

Contracts and Negotiations Amid Covid: Best of What’s Worked in 2021

Smart Meetings

With the pandemic and public concern fluctuating in the midst of uncertainty, event planners and professionals are left with an enormous responsibility to prepare themselves, their guests and their contracts for whatever comes next. Event Contract Essentials in the Covid Era. Event Contract Essentials in the Covid Era.

article thumbnail

Why Risk Management Is an Essential Part of Planning an Event

Floktu

Risk management is an essential aspect of project management and, more specifically, in planning an event. Risk” can be defined as any unwanted event or situation that can lead to the failure of your project or event. Here are some of the risks and reasons why risk management is crucial for each event.

article thumbnail

IRF Survey: Prospects for Resumption of Incentive Travel Optimistic

SmartMeetings

Sanitation and health security will be permanently more important risk management strategies,” said FICP Executive Director Steve Bova, CAE. In addition to new risk management strategies, future destination selections and program characteristics and activities are also anticipated to shift as a result of the pandemic.

Travel 98
article thumbnail

Budget Financial Meetings: Doing More with Less

SmartMeetings

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.