Alcohol and rock concerts often intersected over the course of time; plenty of concerts and festivals have either used alcohol as a sponsor or ancillary revenue. Alcohol and other types of concessions sold at festivals are considered ancillary revenue because it is derived from goods or services other than the primary service or good being offered (What is ancillary revenue, 2015, para.1). Therefore, serving alcohol at festivals is another way for the promotors, event managers, and the venue to obtain additional source of revenue. As the event manager for the Freedom festival, a rock & roll festival being held at the PNC Music Pavilion in Charlotte, NC; it is the intention of the festival to provide the patrons with a safe and fun environment to enjoy their favorite music.
The basis for a good risk management plan is providing a risk assessment for the event before determining how to address the possible risks. “A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs” (Risk Assessment, 2015, para.1). Therefore, the risk assessment will be used to identify the possible problems that can arise from alcohol. The Freedom Festival event planning committee is aware of, and concerned about the risks and issues that are associated with the availability of alcohol throughout the course of the event, so they plan is to create a risk management plan to address these risks. Violence, alcohol poisoning, drunk driving, underage
Risk management is an important element in managing information systems. Applying risk management principals to business procedures is essential because it helps organizations design and maintain a safe systems environment to ensure the confidentiality, integrity, and availability of company data. Kudler Fine Foods has expressed an interest in developing an Enterprise Resource Planning (ERP) system. The primary objective is to improve business administration by integrating stores and business systems. Kudler Fine Foods has three stores in California and integrating business
My partners and I have made a list of areas that might cause the project delays or failure with their respective outcomes. We have listed the risk below that can prevent the project to finish on time.
Increase urbanization, adverse weather incidence due to climate change, constant threats from terrorists, etc. calls for the need to re-evaluate our city risk analysis plan and risk communication plan. This will enable the city residents, and city businesses prepare for the adverse effects of disasters such as a hurricane. Due to the closeness of this city to the coastline, any serious hurricane incidence will have a serious damage to the city infrastructures such as airport and seaport facilities, oil refineries, military installation, and even create unforeseen contaminations. Knowing that it will not be possible to completely eradicate all the risks associated with natural disaster like a hurricane, there will be need to develop a risk
The purpose of the risk management plan is to identify any event or condition that may occur which could have a positive or negative affect on the project. Risks management is the process of identifying, assessing, responding to, monitoring, and reporting risks. The Risks Management Plan will define how risks associated with the Baderman Island Casino Hotel project will be identified, analyzed, and managed. The plan will outline how risks management activities will be performed, recorded, and monitored throughout the project. The plan will also provide a template and practices for recording and prioritizing risks.
I understand that venders at the festivals will lose profit but it is the law that they shouldn't sell drugs or alcohol to underage drinkers. I would focus on the I.D. policy and not care about the money because I know I would be saving teenage lives. That would be the ethical thing to do. I think that the publishing of drugs should be banned from sites that teens might use. They should publish the Festival drugs but on adult websites.
Quality and safety of care are the biggest goals of every health care organization. A risk to the patient, healthcare professional and the organization are prevalent in health care settings, which can be minimized and prevented by having well trained and educated risk management team within the organization. Risk management is the systematic effort to reduce an incidence of preventable accidents, which not only prevents the injuries and financial loss but also ensures that quality of services and quality of health care are in optimal level for all patients (Alexander& Kavaler, 2014). The purpose of the risk management program is to investigate the potential risk factors before they threat to the patients, health care professionals and the organization (Alexander& Kavaler, 2014). This paper will discuss about the elements of risk management program. Also, a paper will explain regarding the steps of presenting a risk management program for new employees, compliance with the American Society for Healthcare Risk Management (ASHRM) and the recommendation to improve the risk management program. A Paper will also highlight the administrative process of risk management.
Colorado State University-Global (CSU-Global), located in Greenwood Village, offers students 100% online courses to complete a Bachelor’s and/or Master’s degree. Hazard or pure risks exist for this scholarly institution. Traditional risk management allows CSU-Global to assess and treat these risks. Generally, this is accomplished through insurance, specifically property-casualty, which transfers the risk of loss from the policyholder to the insurer. For this university, five loss exposures will be identified and studied using the six-step traditional risk management process.
PROJECT DESCRIPTION SUMMARY: This County is in need of a re-developed animal shelter. My project entails redesigning the local animal shelter by making it more efficient and safer for the shelter animals and staff. The building is over thirty years old and is in need of a lot of reconstruction to make it a safe environment and something that will ensure disease protection to all the animals at the shelter.
The aim of this study is to investigate if the use of strategic Risk Management procedures can assist to minimise the impact of FinTech in financial services practices? Technology is ever changing and adapting, we have sped past Moore’s Law which stated “That the number of transistors in a dense integrated circuit doubles approximately every two years” that technology is be ever evolving (Brock and Moore, 2006). No more so than in the world of finance and wealth management. No other area than this new paradigm has attracted more discussion, printed words, or conference speeches than FinTech and Robo-advice. This is now the panacea to the technologically and digital shrewd generation. This will spawn a new age in the provision of investment advice on a huge scale to the emerging tech savvy generation.
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
The Risk Management plan will show the process identifying, assessing, responding, monitoring, and reporting risks which will cause risk levels to be lowered to acceptable levels, it shows how International Exhibition Centre project risks will be identified, analyzed, and managed. It outlines how risk management activities will be performed, recorded, and monitored throughout the lifecycle of the project and provides practices for recording and prioritizing risks.
Level 1: Ad Hoc is basic level, which the organizations do not realize the requirement of risk management, and has no systematic solution to deal with the risk. At this level, the project always deal the risk after it happened, which lead to weak situation in conducting the project.
The presence of alcohol can add to the regular risks that may arise throughout the execution of a food festival. Therefore, it is vital that an alcohol protocol is in place to reduce the occurrence of problems that happen because the serving of alcohol. “As the people responsible for events’ overall management, event managers are also responsible for overall alcohol management, even if they are not the licensees” (Health Promotion Agency, 2014, para.16). The Charlotte Food Festival’s alcohol policy will address how the event will ensure alcohol is consumed in a legal and responsible manner by all
Associations in today 's worldwide economy must react to various instabilities, including property-obligation exposures, advantage worker programs, and different other financial risks. To facilitate reactions to the full range of dangers influencing an organization 's primary concern, chiefs must enhance, support, and guarantee risks in perpetually long and proficient ways. The specialized skill and vital vision relevant to oversee danger is the topic of the project in Risk Management and Insurance. Also, the rising economies in the Asia-Pacific district are becoming quickly. They have demonstrated a remarkable business potential for the Singapore RMI industry as a center point in this region. Getting up to speed with monetary improvements, the Asia-Pacific Insurance corporate sector is developing quickly. Be that as it may, to improve hazard administration and location this developing interest for protection, RMI organizations need to comprehend the basic social and social components connected with corporate and individual conduct(ntu, 2015).