Event management risk assessment is the documentation process through which an entity or an individual accesses the risk possibility posed in front of an event management company. The assessment is basically collecting data regarding the financial structure and health of the company and based on this data the appropriate assessment inferences are drawn.
These assessments help the companies in many ways one of which is that they help point out the areas that need improvement to improve the overall risk situation for the respective firm.
Sample Event Management Risk Assessment
Name of the event management firm: ________________________________________
Year of establishment of the firm: ____________
Current C.E.O of the firm: ______________________________
Please provide proper description or pick correct option for the following questions/ statements:
How does the entity raise finance for its business operations (pick multiple choices considering options for past 3 years)?
- Equity shares
- Others, _____________________________________
Mention here the areas/ avenues from where the company gets is revenue and where it spends the capital (operating)
Considering the revenue avenues for the firm would you say that the expenses are incurred to facilitate the clients or other sources of revenue? Would you say that the business capital is being utilised efficiently?
- Yes, but there is scope of improvement
- There is a lot of scope of improvement.
Is the entity making profits that comply with the growth plan/ trajectory of the organisation?
Does the company have a plan of action in place if a lender to the firm backs out or there is any other such sudden financial blowout?
Does the company have proper insurance so as to secure all of its resources?
How often does the entity conduct a risk assessment and does it implement the changes required as per the assessment?
Duration within which assessment conducted: __________________