Purpose of Risk Management

The Purpose of Risk Management

The purpose of the risk management in planning events is to identify the potential and perceived risks involved in events your organization is coordinating or in which you are participating and to develop a reasonable plan to eliminate, minimize or accept those risks. This website is designed to help you think through the risks involved in your event.

This process should be used as part of a larger event planning and risk management discussion. It is not designed to take the place of a careful review of applicable rules, policies, and laws, or to take the place of a discussion with an advisor or legal counsel. Completion of this web tool does not imply approval or authorization of your event by Truman State University.

For more information about risk management, please contact the Union & Involvement Services, your national organization (if applicable), insurance vendors, legal counsel, and /or your advisor.

The Process

  1. Identify the Risks: Brainstorm all the possible risks associated with your proposed event. There are several types of risks that should be considered when planning an event, some of which are detailed here.
  2. Evaluate Risks: Consider the possibility of each risk occurring, and the severity should it occur. This will aid in the mitigation process.
  3. The Risk Analysis Matrix: Once you have researched the types of risks that can be present in your event, complete the Risk Analysis Matrix. It is designed to help you brainstorm ways to mitigate the risks that have been identified. You can log into the Matrix using your Truman ID and password here.

If you have any questions, please contact the U&I at x4222 or orgs@truman.edu.