1: to expose to hazard or danger
2: to incur the risk or danger of
A student organization,
must be able to identify, define, and communicate your risk management
responsibilities. When planning for an event or activity, the organization has
to consider every risk that could fall into any one of the five levels of risk.
Well thought out planning can prevent innumerable foreseeable events from
occurring. Thorough pre-event plans are essential to managing risk, as they
allow for appropriate mitigation strategies to be set in place. Managing risks
is an important part of being a successful student organization and is what
makes many of the events held on campus possible. The best time to undertake a
comprehensive risk management program is before an incident occurs at an event.
For more information on how on
risk management and how you can mitigate potential problems, please watch the
Understanding Risk video and assess your Event with the
Risk Management Assessment.
Levels of Risk
Risk: Physical risks include potential threats to the physical well-being of
participants. Physical risks can include such things as food poisoning,
injuries that may result from the activity or event or travel to and from the
event, or physical harm that can result from the behavior of other participants.
Risk: Reputation risks are those things that may result in negative
publicity for your organization, Truman, your advisor and/or the venue where you
are holding the event.
Risk: Emotional risks involve the potential of your event to result in
emotional distress for any participant in the activities. Examples of emotional
risks might include harassment, emotional trauma, extreme fear or anxiety,
offense or disgust, rejection or discrimination that occur as a result of the
Financial risks are potential negative consequences of the event that can
negatively impact the fiscal stability of your organization and/or other
organizations supporting your event. Examples might include misuse of
organization funds, few attendees than are needed to cover costs, poor
accounting procedures, theft, and unanticipated expenses.
Risk: Facility risks are risks to the facility in which you are holding
the event or risk inherent at the facility itself. Facility issues might
include fire codes, maximum capacities, audio-visual issues, heating and
cooling, damage to the facility during your event, and parking issues.
Additional risks involved might be behavior of other users of the facility,
facility structural concerns, and weather challenges.