Question

In: Operations Management

What are the risk of staging an event? how can you minimize the risk? what step...

What are the risk of staging an event? how can you minimize the risk? what step are necessary in advance and following?

Solutions

Expert Solution

Staging means organising a performance of a olay or concerts et.Staging can also be defined as production of a drama on stage.

​​Risk associated with staging are as follows

  • Financial loss - This is one of the major risk factor associated with staging which is fanancial loss , because capitals are always in risk while staging any events,.
  • Injury of players - It is a very risky factor associating with satgaing any events , there are always chances of players injury while staging an event.
  • Loss of equipments- Equipments paly a very vital role in staging events but there are always risk of loss or damaging of those equipments.
  • Stress of players - players are the key factors of any events but due to the over work or continuous events they became stressed.
  • Loss of reputation - While organising any events loss of reputation is also a major risk because any flaws or mistakes in event will ultimately harm the reputation.

How can we minimize the risk of staging

  • Financial management - Financial management is a very important s that can helps in minimizing the risk of financial loss in staging
  • Proper training if players - Players who are involved in staging must be proper trained so they can play their role properly with out any injury
  • Players must be stress free - Events organiser needs to ensure that players must get proper sleep and gap between their performance so that they feel strees free
  • They should also take care of hygiene at work place otherwise it would be a reason of seeknes if players
  • They should also take care of equipment otherwise it can intrupt the events.

Steps that are necessary in advance and following

In advance

  • Proper arrangements of events
  • Proper training
  • Security assurance
  • Public management

Arrangement of tickets eta

  • There should not be any overlapping of any activity
  • Take care of equipment
  • Control of crowed
  • There should be any conflict among players
  • Proper instructions to the performer etc.

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