A Risk Management Plan is a document that outlines the risk management mitigation processes in place for your event. It forces you to think about the risks associated with the hosting of an event with a purpose to prevent potential disasters on the big day. You will determine the level of risk associated with each hazard and implement risk controls to mitigate the risk.
There are 4 key aspects to the risk management process:
Risk Identification. Identifying all potential risks which impact your event
Risk Assessment. Prioritising the risks based on their potential impact
Risk Mitigation. Reducing the probability of a risk/threat occurring
Risk Monitoring. Evaluating the effectiveness of the control measures