Risk management Consultant Proposal and Presentation Assignment

Risk management Consultant Proposal and Presentation - Assignment Example Rowing Diversity International Event for 2011, to be held soon. We are a team of consultants bidding for controlling the risk management factors related to this event and in this context are required to make a presentation to the organizing committee. Discussion Risk management can be defined as the process of determining the probability of an undesirable consequence connected with an action or event and then finding out the best ways to mitigate the undesirable consequences through preparation and counter measures (www.investopedia.com). Risk and its management is a very important part of any public event and one such as rowing is fraught with its own particular risks. Among these are the risks of injury or even death that can be caused by sinking and drowning. Not only are the race participants to be taken care of, but also the onlookers and rowing enthusiasts who have come to watch the competition. The US Rowing Association conducts around 150 or more rowing events of various kind s all across the USA every year and also trains the national team. It holds local, regional and national championships and also selects the US National Rowing Team to represent the country in various international rowing events. At a news conference held recently, Mayor Tom Richards announced that the City of Rochester, New York will host the Cross-Country Minority rowing races under the auspices of the US Rowing Association that that will be held in the Genesee River this year (www.whec.com). This was by no means a surprise, for the sport and the number of local enthusiasts has been growing in recent years. New York is a cosmopolitan city with people of different ethnic backgrounds, some of who are keenly interested in rowing and other water sports. Goals in the Risk Management of this Event The main objective here is to conduct the event in a safe and secure manner, protecting the lives and property of all participants and onlookers, as well as controlling risks of hazard to the n atural environment. As an event management and organizing company, we are well aware of the activities that are connected with the event and the risks posed by them. An unfortunate mishap can result in loss of life and property and overshadow the entire event. We have to plan to control every eventuality and limit or mitigate possible losses and damages. It all boils down to good thinking, organizing and implementation of an action plan, should any risks arise (Crouhy et al, 2005). Our first priority is always to look at the venue for the event and anticipate the possible risks that the holding of the event at that venue will present. Distance to the nearest hospital and fire station, as well as police precinct is taken into account. In fact we make sure that a representative of each unit is present at the venue, complete with fire brigade, police vehicle and ambulance to take care of any eventuality. In all cases, there is a fully functioning system for backup if needed. You will b e amazed to know that we even have our own bomb disposal expert on hand in case of any such device being found on ground or in the river where the event will take place. As one of the first steps, our local lab expert even checks a sample of the water in the river to ensure that it does not contain a high degree of contamination that would pose danger to onlookers or race participants. We also plan to have three fully trained lifeguards on