Term
| What are the four basic stages of Risk management? |
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Definition
| Preparedness, Response, Recovery and Mitigation |
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Term
| What does Risk assessment (risk identification) refer to? |
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Definition
| The process of identifying the risks specific to the destination, meeting or business event being planned. |
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Term
| What are the four steps to a Risk Management Process? |
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Definition
| Risk Assessment (identify risk), Risk Analysis (analyse risks), Crisis Planning (developing the risk management plan) and Crisis Response (implementing, when needed, the planned responses to the specific crisis that occurs). |
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Term
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Definition
| Strengths, Weaknesses, Opportunities and Threats |
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Term
| What are three categories of threats? |
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Definition
| Natural disasters, Human-caused and Technological |
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Term
| What are an event planners three choices when facing risks? |
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Definition
| Accept/Ignore Risks, Manage/Mitigate the Risk and Avoid the Risk |
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Term
| What are three things you can do to manage risk at one of your events? |
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Definition
Reduce the probability that the crisis, disaster, or emergency will occur.
Reduce the consequences if the crisis, disaster or emergency will occur.
Transfer all or some of the risk to another party. |
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Term
| When determining insurance needs for factors do you need to consider? |
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Definition
| Who, What, Where, When, Why and How |
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Term
| What are the 18 different types of insurance you may need to consider during an event? |
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Definition
| General, Umbrella (Gap Insurance), Fire, Medical, Independent Contractor, Products/Host/Alcohol, Additional insured, Valuable papers and records, on-site office, exhibits, worker's compensation, non-appearance, event cancellation, enforced reduced attendance, property damage, money insurance and third part losses |
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Term
| What are two main items a emergency response plan should focus on? |
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Definition
| Getting people out of harms way and Contacting the proper emergency responder |
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Term
| What are the six types of security that may used at an event? |
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Definition
| Contracted, Law Enforcement, Peer, Personal, Proprietary and Volunteer |
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