What does a risk manager look for in a risk analysis?

you understand that putting on a successful production requires a lot of planning and preparation. However, with all the moving parts involved, there are always risks that need to be managed. This is where a risk manager comes in. In this blog post, we will discuss what a risk manager looks for in a risk analysis, including poor planning, inadequate management, individual errors and unsafe acts, unsafe physical conditions, out of control energy, and the domino effect.

Poor planning can lead to a variety of risks in a theater production. This can include scheduling conflicts, inadequate staffing, and logistical issues. A risk manager will look at the planning process to ensure that there are sufficient resources, timelines are realistic, and contingency plans are in place.

Inadequate management can also pose a risk to a theater production. This can include issues such as poor communication, lack of oversight, and unclear roles and responsibilities. A risk manager will review the management structure to ensure that it is well-defined, organized, and effective in managing the various aspects of the production.

Individual errors and unsafe acts can have serious consequences in a theater production. This can include mistakes made by technicians or performers, as well as unsafe behavior by audience members. A risk manager will look at training and safety protocols to ensure that everyone involved in the production is aware of the risks and has the knowledge and tools to minimize them.

Unsafe physical conditions can also pose a risk to a theater production. This can include issues such as inadequate lighting, faulty equipment, and poorly maintained facilities. A risk manager will review the physical conditions of the theater to ensure that they are safe and meet industry standards.

Out of control energy can arise in a theater production, particularly during live performances. This can include issues such as pyrotechnics or sound effects that are too loud or unpredictable. A risk manager will assess the use of these effects to ensure that they are used safely and do not pose a risk to the performers or audience.

Finally, the domino effect can occur when a small risk leads to a larger problem. This can include issues such as a delay in the production schedule that leads to rushed work and increased risk of errors. A risk manager will look for potential domino effects and work to prevent them before they occur.

In conclusion, a risk manager is essential in identifying and managing the risks associated with a theater production. By looking for issues such as poor planning, inadequate management, individual errors and unsafe acts, unsafe physical conditions, out of control energy, and the domino effect, a risk manager can help ensure a safe and successful production. Additional subjects that a risk manager might consider include cybersecurity risks, legal and financial risks, and reputational risks.