Homework answers / question archive / Topic : Beijing Olympic 2022 risk management plan place Beijing Olympic Stadium 2

Topic : Beijing Olympic 2022 risk management plan place Beijing Olympic Stadium 2

Management

Share With

---

Topic : Beijing Olympic 2022 risk management plan

place Beijing Olympic Stadium

2. Time feasibility

?  Ability to book a venue

?  The necessity to give participants length of notice

3. Funding feasibility
?The feasibility study needs to be able to predict the financial outcome of staging an event to a reasonable degree of accuracy. This entails developing a budget where all expected revenues and all known costs are listed. It is most important that would-be organisers exercise a high degree of realism when estimating possible revenues. Furthermore, it is vital to ensure that all costs are included.

4. Staffing feasibility

? The human resources required to plan, organise and stage an event includes everyone from the

Event Director down to volunteers who serve at the food stall. It is necessary to assess whether the organisation has or is likely to have sufficient personnel for all event management tasks.

? Furthermore, at the feasibility assessment stage, it is important to count, analyse and understand the myriad of tasks required and to determine whether there is sufficient number of available personnel. Provided there is sufficient time, inexperienced personnel can be trained.

5. Venue and equipment feasibility

? The venue should be equal to or better than the standard expected by all participants and other stakeholders.

6. Environmental management

? The staging of events generally has some environmental impact. This may range from traffic congestion and parking problems to damage sustained by the environment.

? Example: Sanitary problems, Noise pollution, Traffic congestion, Water pollution e.g. power boat racing

7. Evaluation

 An evaluation and cost summary will be prepared to include a return on investment, cost /benefits analysis.