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

Five Risk Management Tips For Your Holiday Event

Event Leadership Institute

Being the person that speaks up at a holiday event planning meeting and addresses tough, valid and scary concerns around the safety and well-being of your guests, could earn you the nickname Ebenezer Scrooge, but rest assured you will soar to the top of the “nice” list when you save Christmas! The answer is two words: risk management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ABPCO announces 2024 Festival of Learning “Fit for the Future” content

Prestige Events Magazine

The Winning Combination : Balancing Technology & Human Expertise in Events: With Jake Dennett (Cvent) and Sammy Connell (NASUWT), exploring the synergy between technology and human creativity in event management.

2024 59
article thumbnail

‘Everyone Has to be Empowered:’ COVID’s Impact on Event Risk and Crisis Management

Event Leadership Institute

So, when the pandemic hit and event professionals were forced to move events to virtual or cancel altogether, navigating health and safety naturally became a priority when planning for in-person events resumed once again. But how has the pandemic impacted risk management in the long term?

article thumbnail

There’s Never a Bad Time to Think About Risk

Event Leadership Institute

Assemble a team of risk management experts to help make the appropriate risk assessments. Brainstorm the worst-case scenarios for all types of potential risks even though experts caution the list is likely to be long. Create contingency plans for every scenario. Discuss how to reduce the impact of a severe threat.

2020 87
article thumbnail

Money Talks: Defining an Event Budget

TicketBud

Event budgets also act as a risk management tool. This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution. Keeping a pulse on the budget allows organizers to make adjustments accordingly.

article thumbnail

Business as Unusual: Shifting Live Events to Digital and Hybrid Experiences 

GEVME

The event management industry is one of them, in fact, one of the most affected ones. . Well, the very essence of an event is when people accumulate at a place for a purpose, interact, network, learn and have a good time. A lot of events, without actually realizing have been happening in the hybrid fashion for over the years.