Risk Management for Events and Festivals
Risk Management for Events and Festivals

Author(s): Alexandrina Țenu, Carmen Nadia Ciocoiu
Subject(s): Management and complex organizations
Published by: Trivent Publishing
Keywords: event; festival; risk management
Summary/Abstract: The impact and probability of event and festivals risks has increased for several years. Also, the risk management in the event industry has an increasingly important role. Starting from these evolutions, the purpose of this research is to analyze the current situation of risk management in the festival industry and the most important risks faced by festival organizers. There are analyzed the risk management stages specific to the events and festivals industry. Also, there are presented the categories of risks that can be used in the event industry, types of risks whose probability has increased in recent years and new ways to reduce them, as well as a comparative approach between examples of good practice in the field and festivals in Romania. The results may be useful for festivals and events risk managers as well as for researchers in the field.

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