Why is risk management important to an exhibition management company? To an exhibitor?
title Professional Meeting Management
Why is risk management important to an exhibition management
company? To an exhibitor? title
Author
ISBN
Publisher
Publication
Date Professional Meeting Management
Professional Convention Management
Association Staf
978-1-932841-97-8
Agate Publishing, Incorporated
January 13, 2015 CHAPTER 7
Risk Management: Meeting Safety & Security
A.
B.
C.
D.
E. LEARNER OUTCOMES
Identify six meeting assets that require protection.
Explain the difference between risk, emergency, crisis, and disaster,
specifically as they relate to meetings.
Describe three categories of threats/hazards to meetings that require
risk management.
List four strategies for dealing with meeting and security risks.
Identify six types of security personnel that may be part of an
emergency response team.
Chapter Summary
Risk Management is designed to safeguard the meeting elements of any
conclave that might include threats to the execution of that gathering.
Meeting professionals will prioritize potential risks and a devise a risk
management plan. Meeting professionals should make appropriate
decisions about, safety & security that are shared with the venue and other
suppliers.
The goal of risk management is to minimize the amount of severity of
harmful events that could occur. The required protection is for people,
information, property, financial investment, the organization’s image, and
professional reputation. Realizing that all risks cannot be eliminated, the meeting professional
recognizes that hazards to a meeting equals a threat. Hazards are grouped
into three categories: 1) Naturally-occurred, 2) Technological, and 3)
Human-caused.
A meeting professional recognizes that threat response strategies are the
most logical approach to risk management: A) Accept the risk, B) Reduce,
mitigate, and manage, C) Transfer the risk, and D) Avoid the risk.
As the meeting professional identifies potential risks, they then identify
potential risks and move towards a plan. Risk management consists of
each team member, a crisis communication plan, contingency plan for high
probability, distruptions, and a description of when and how disruption
should be implemented.
People are always the first focus of the meeting professional. They must
consider security and safety at every stage of the planning, the managing,
hosting, and servicing of their meeting. It is the professional way of
executing a professional event
