This Simulation will focus on the risk management process and deal with the risks associated with your special wedding ceremony event.

Step 1- Identify all risks associated with the wedding ceremony event. A comprehensive list must be developed and recorded. Consider all sources of risk including:

Financial, Legal, Assets, Personnel, Program Activities, Marketing, Food Handling, Reputation.

Step 2 - All risks identified in step one will be analyzed and evaluated to arrive at a “risk rating” using a simple matrix of the probability (how often it might happen) and the consequences (how severe are the consequences when the risk occurs).The analysis must use a scale rating the probability of occurrence (1-10, with 1 being least likely and 10 most likely) and rating the consequences of occurrence (1-10, with 1 having least effect/impact and 10 having most effect/impact). 

Step 3 - You are to examine the five risks that have the highest ‘risk rating’ and develop a risk control and treatment/control program for each of the risks identified.

Answer rating: 100% (QA)

EXPERT ANSWER Thinking about what could get it wrong at your event may appear sort of a negative mindset but actually its one amongst the foremost important stuff you MUST kill the look stages of a ha... View the full answer