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A Risk Management Matrix for the Performing Arts
The risk management matrix for the performing arts is a tool used to identify potential risks, assess their likelihood and impact, and prioritize them based on the level of risk. The matrix can be used to develop a risk management plan that outlines strategies for mitigating or avoiding potential risks. The following is an example of a risk management matrix for the performing arts:
| Risk | Likelihood (1-5) | Impact (1-5) | Priority (LxI) |
|---|---|---|---|
| Physical injury | 4 | 4 | 16 |
| Equipment failure | 3 | 5 | 15 |
| Budget shortfall | 2 | 4 | 8 |
| Instructor turnover | 1 | 3 | 3 |
| Curriculum changes | 2 | 2 | 4 |
To use this matrix, risks are evaluated based on their likelihood of occurring and the potential impact on the program. The likelihood and impact are rated on a scale of 1-5, with 1 being the lowest and 5 being the highest. The priority is calculated by multiplying the likelihood by the impact. The risks with the highest priority are the ones that should be addressed first.
In a study by the National Association of Schools of Theatre (2017), the risk management process in educational theater was examined. The study found that risk management is critical to the success of theater programs, and that it should be integrated into every aspect of the program. This includes evaluating risks associated with the curriculum, facilities, equipment, and personnel.
Another study by the Occupational Safety and Health Administration (2016) focused on the safety hazards in the entertainment industry, which includes performing arts. The study found that common safety hazards include falls, electrical hazards, and exposure to hazardous materials. The study emphasized the importance of training, hazard assessments, and safety protocols to mitigate the risks associated with these hazards.
In conclusion, a risk management matrix is a useful tool for identifying and prioritizing potential risks in the performing arts. By evaluating the likelihood and impact of each risk, theater programs can develop strategies to mitigate or avoid them. Risk management should be integrated into every aspect of the program, including curriculum, facilities, equipment, and personnel, to ensure the safety of students and the success of the program.
References:
National Association of Schools of Theatre. (2017). Risk Management in Theatre Programs. Retrieved from https://nast.arts-accredit.org/wp-content/uploads/sites/4/2017/12/Risk-Management-in-Theatre-Programs.pdf
Occupational Safety and Health Administration. (2016). Entertainment. Retrieved from https://www.osha.gov/entertainment
