Planning for a Safe and Fun Holiday
The festive season is a time for joy and celebration, but it also involves risk — the possibility that an unexpected event may interfere with our plans. To enjoy the holidays without surprises, it’s essential to manage these risks.
Risk Management is simply the process of identifying, assessing, and responding to potential risks that could affect the achievement of your objectives. During the holiday season, these objectives may include travelling, spending time with loved ones, and making memories.
Risk Management is simply the process of identifying, assessing, and responding to potential risks that could affect the achievement of your objectives. During the holiday season, these objectives may include travelling, spending time with loved ones, and making memories.
Steps to Manage Risks During the Festive Season
- Set Your Objectives: What do you want to achieve?
- Identify Risks: Identify the risks that may prevent you from achieving your objectives.
- Assess the Risks: Consider the likelihood of each risk happening and the impact it would have if it does
- Respond to Risks: Once risks are ranked, choose an appropriate response for each
- Implement Controls: Set up practical controls to prevent the risks:
- Monitor the Controls: Throughout the holiday season, monitor the effectiveness of your controls
Risk management doesn’t mean avoiding fun; it’s about being prepared for the unexpected. By identifying potential risks and setting up effective controls, you can ensure a safe, stress-free holiday season and focus on making the most of your time with family and friends!