Assignment Task:
You have just been hired as the hypothetical Facility Manager at "American Military/Public University Arena" in Charles Town, West Virginia. The arena seats 65,000 and is used as a multipurpose facility to host events in college and professional basketball, football, and hockey. This is a newly structured arena. As the Facility Manager, you have been asked to develop a Risk Analysis Plan.
Risk Reduction Matrix.
a. Identify TEN (10) specific risks. These should be either risks you identified as facility manager. Identify both a financial treatment and a reduction treatment for each risk in your matrix.
b. Your matrix needs classify each risk: Severity & frequency (high, medium, low)
c. Use an additional matrix to decide whether to transfer or retain financial risks. Indicate how risk will be transferred (i.e. insurance, independent contractor)
Use waivers. Provide at least one your facility uses. Be sure and cite where it came from.
d. Use key words for reduction of risks (i.e. supervisory plan, inspections, in-service education plan)
e. Any type of facility will have hundreds of risks associated with it. You are required to cover only 10.