London 2012 Olympics

It is evident that hosting the Olympics games is no walk in the park. The countries trusted with this task have to spend billions to make the games a reality. Some people believe that the countries, even after spending billions of dollars benefit from the games, while others believe that the money can be spent elsewhere more efficiently. To reach a conclusion, one must study all of the different impacts in all of the different sectors the games have.

Sports risk management is to prevent and minimize accidents and mishaps in sports. Ehsani, M. and Versi, K. (2012) the practice of risk management is a new thing and need qualified coaches to achieve better performance of risk management within the organization. Ammon (2001) and Clement (1998) Risk manager must appoint to manage the model of risk management practice to create and exercise program must safe. Ammon (2001), Thatcher (2006), and Price (2010) top management and coaches need to know about knowledge in risk management field of sport and more experiences in handle training to manage the risk in the risk management practices of facilities, equipment, and safety

The course text discusses AS/NZS 4360 approach, which consists of a 5-phase process to manage and control risk. According to the text the risk management process phases are establish context, identify, establish and treat risk while continuously communicating, monitoring and reviewing risk (Cooper, 2005). The premise of risk management is to uncover and understand as much as possible about risks as early in the project as possible. The more one knows about risks the easier it is to make decisions for correct responses. The alternative to risk management is crises management, which in many instances is more costly, and more time consuming. Clements & Gido define a project as “an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resource “(Gido 4). I had many opportunities to develop a Military Retirement Ceremony, so I decided to approach it as a project risk management plan. At the time I did not know it but we were using the project risk management approach discussed in the text to address the risk associated with the event. The Military Retirement Ceremony project planning began the same as most projects do by determining the objectives. The objectives are described in terms of deliverable, schedule and budget. The sponsor and the customer must agree upon the scope of any project. In this project I worked along side the sponsors.

Security: includes the planning and implantation of plan to ensure the safety of all at an event

Risks management is an important step during the process of a project. Failing to manage a risk may result in unforeseen event happening and a project’s failure. For example, with limited budget, an unforeseen event or an accident occurs in the middle of a project and this matter has not been considered and needs a big sum of expense, then the project may be stopped because of this unexpected event. We should know it is necessary to understand how to identify risks and assumptions based on the information. After identifying risks, it is important for project managers to set contingency plans to prevent and deal with these risks when they occur. Of course, several problems may happen during considering

Risk or threat is common and found in various fields of daily life and business. This concept of risk is found in various stages of development and execution of a project. Risks in a project can mean there is a chance that the project will result in total failure, increase of project costs, and an extension in project duration which means a great deal of setbacks for the company. The process of risk management is composed of identifying, assessing, mitigating, and managing the risks of the project. It

In the present age, sports are more and more popular over the world because it is not only a good way to leisure but also can help people to keep fit. So, the most famous sports party the Olympic games become more important in people’s lives. The Olympic games will be held evey four years and people all over the world will enjoy the glamor of sports during that time. Then, who will host the next Olympic games becomes very important and many countires want to host the Olympic games. London will host the 2012 Olympic games. The issue of which it is good or bad to be the national host becomes a hot issue. Some people assert that there are more advantasges than disadvantages to be the host. At the same tme, many people argue

The UK government developed a strategy in four modules to embrace and mitigate the risks associated with hosting mega events, Olympics in this

The 2012 London Olympic Games, lasting from 25 July to 12 August 2012, was one of the largest events ever hosted in the UK. During this world-wide sport event, 4 billion people watched the opening ceremonies on television; more than 10,000 athletes from over 200 countries participated; 20 million people visited the city; and approximately $14 billion were generated (Kubo, 2014).

According to Freeney & Murphy ( 2013) risk management is a process of risk identification, response development, risk evaluation, continuous observing and appraisal in order to reduce the risk of injury to patients, staff and visitors. Risk has been defined as “the chance of something happening that will have an impact on the achievement of organisational stated objectives,” HSE (2008) or “the effect of uncertainty on the objectives” ISO 31000 : 2009.

Risk management is the term applied to a logical and systematic method of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organizations to minimize losses and maximize opportunities. (Lecture notes)Risk Management is also described as 'all the things you need to do to make the future sufficiently certain'. (The NZ Society for Risk Management, 2001)

The application of sound risk management procedures within an organisation is fundamental to the success of that organisation. Risk Management supports the management team in making sound decisions towards the effective use of resources, while minimising loses caused by unexpected events (Pearse Trust 2012). As such, Joe’s Transport Company has developed a comprehensive Risk Management policy which has been used to assess the upcoming perimeter fence project. In accordance with the risk management policy, all identified hazards have been reported, along with an explanation of the five hazards with an inherent risk rating of High or Extreme. Furthermore, the single greatest risk to the company has been

Generally, elements of risk management include identification, evaluation, treatment and implementation. Regarding identification, before travelling to a competition or competing in any activity clubs should identify the risks associated with that activity. This is known as foreseeability, which is in simpler words the tactic to anticipate dangerous

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is

Managing Risks: There are number of ways through which the project risk has been managed. First of all they get insurance from various companies for contingencies like collapse of newly constructed building, also any damage caused to workers at their job site. Moreover, contracts are being entered amongst various companies whom sole responsibility has been transferred for any glitch due to their work