Risk management and quality: Case Study “JCU Spring Concert” Introduction Risks are common in our day to day activities and events. Whenever planning for any activity or event it is always important to identify evaluate and prioritize the possible risks that may be associated with them. Risk management involves all these three aspects; identification evaluation and prioritizing potential risks. Risk management also includes efforts to be put in to place in order to minimize or monitor the potential risks. Projects have always had a possibility of failing leading to serious consequences. They could be as a result of poor planning accidents natural disasters planned and deliberate attack from opponents or even allies and some risks occur as a result of unpredictable causes. For events like concerts risks arise from people attacking each other especially if they get drunk equipment failure and even damage of event site and infrastructure which organizers especially those associated with nature and weather elements but a better risk management plan will ensure the success of the event. References David Frickle (2000). “Nine dead at Pearl Jam concert”. Retrieved from: rollingstone.com D. (1998). Book Review: Project Risk Management: Processes Techniques & Insights. Strategic Change 7(3) 184. Kendrick V. L. Haslam R. A. & Waterson P. E. (2012). Planning crowd events to achieve high participant satisfaction. Work 413223-3226. Lyne M. & Galloway A. (2011). Strategies for managing alcohol at large events in New Zealand. Drugs: Education prevention & policy 18(6) 438-446. Manners B . Kruger M. & Saayman M. (2016). Managing live music performance; A demand and supply analysis. Event management 20(2) 147-163. Doi: 10.3727 Mahmood K. Shevtshenko E. Karaulova T. & Otto T. (2018). Risk assessment approach for a virtual enterprise of small and mediumsized enterprises. Proceedings of the Estonian Academy Of Sciences 67(1) 17-27. doi:10.3176/proc.2017.4.27 [...]
Identify potential risks associated with this project. Try to come up with atleast five different risks. Use the risk figures in 7.5 and 7.6 to analyse identified risks. Develop a risk register similar to figure 7.8 to outline how you would deal with each of the risks.