Are you concerned about event risk management?

If your answer is "yes", rest assured, you’re not alone. While you love planning and designing remarkable events, there are countless opportunities for things to go wrong.

No one likes thinking about event risk management. But one big problem can keep everyone from seeing everything that went great.

Today’s meetings and events environment is fraught with risk. Your list is endless:

  • Food safety
  • Guest illness and injuries
  • Natural disasters and severe weather
  • Public safety & security
  • Expense spikes
  • Revenue dips
  • Poor customer service
  • Public relations flubs
  • Marketing misfires
  • Fumbled financial transactions
  • Tech meltdowns
  • Unreliable Wifi

How can you deliver dazzling experiences, while safeguarding your event from these threats?

Risk Management for Meetings and Events – Understanding Changing Expectations

When you plan for event risk management, you might think of all the logistical nightmares and acts of God that affect your event. But have you considered the risk of failing to meet escalating event guest expectations? Your guests’ expectations have never been higher and the success of your event depends on their satisfaction. Guest expectations are growing more sophisticated. You need to wow them with remarkable experiences.

Your organization’s expectations are just as high. They need strong attendance with a bigger impact on the bottom line, yet they expect you to deliver with last year’s budget.

In this environment, putting on the same event year after year isn’t playing it safe – it’s a risk itself. From increased attrition rates to dissatisfied guests sharing their discontent on social media, status quo thinking has become the riskier path. But adapting to this climate means making changes – and change is inherently risky.

This might feel like an impossible situation, but it doesn’t have to be. You need a partner who understands risk management for meetings and events, and helps you overcome these challenges.

But how do you find the right one?

Finding a Partner with Expertise in Event Risk Management

If you’re looking for a partner to help you with risk management for meetings and events, consider asking the following questions:

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How long have you been doing this?

When it comes to event risk management, experience matters. Years of experience translates directly into more risks adverted or crisis situations managed. Experient has been in the event business for more than 50 years. We’ve seen what can go wrong. We’ve been on the ground with our clients to fix those issues, and we know how to help you prevent them.

How proactive will you be?

Your event management team needs experts who know what to do with risks arise and how to mitigate those risk quickly. Look for experts with experience proactively identifying and avoiding risks, long before they ever become a problem.

Do you have the right relationships?

Experienced event partners know how to have the right conversation, with the right person, at the right time. Strong sourcing relationships and significant buying power help you negotiate contracts that deliver value to your budget as well as including concessions that are the most important and favorable to you. At Experient, we process an average of 7,000 hotel and supplier contracts per year. We know how to get the most favorable options for our clients.

Why work with Experient on event risk management?

Experient has deep experience in risk management for meetings and events. Our proactive approach identifies your event’s biggest risks. We work with you to develop plans that manage those risks – or eliminate them all together.

What risk worries you most of all? Contact us today and let’s talk about best options to ease those challenges.

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