You are required to develop a transport management plan (TMP) if you anticipate that your event will impact on traffic, transport or pedestrians. Risk management should be viewed as an ongoing process throughout the planning and implementation phases of your event and reflected in the policies and procedures developed. Financial risks – increased insurance premiums, costs associated with injuries, loss of financial stability and asset value, replacement costs and earning capacity and increased external administrative costs.Physical risks – injuries to participants and the public.Legal risks – losses and costs arising from legal actions.Risks which can be covered by a risk management program include: Risk management is a tool by which persons involved in sport or an event can seek to meet their duties and thus avoid liability. This requires the development of a framework within which risk exposure can be monitored and controlled. Risk management is the process of systematically eliminating or minimising the adverse impact of all activities which may give rise to injurious or dangerous situations.
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