CED CED Risk Management & Contingency Planning 2

Question 1

A speaker cancels 24 hours before a conference. The best contingency response is to:

Accepted Answer

Activate a pre-identified backup speaker or adjust the agenda

Answer

Having a pre-identified backup speaker or a flexible agenda allows the event to continue smoothly despite last-minute cancellations.

Question 2

Which method helps quantify the financial exposure of a specific event risk?

Accepted Answer

Risk impact analysis

Answer

A risk impact analysis assigns monetary or resource values to potential risks so planners can make informed decisions about mitigation spending.

Question 3

In risk terminology, 'risk transfer' for event planners most commonly refers to:

Accepted Answer

Purchasing insurance or including liability clauses in vendor contracts

Answer

Risk transfer shifts the financial burden of a risk to another party, most commonly through insurance policies or contractual liability clauses.

Question 4

A venue's maximum occupancy limit is primarily a consideration for which type of event risk?

Accepted Answer

Safety and compliance risk

Answer

Exceeding occupancy limits violates fire codes and safety regulations, making this a safety and compliance risk that can result in event shutdown or legal liability.

Question 5

Which communication tool is most effective for informing all staff simultaneously during an on-site emergency?

Accepted Answer

Two-way radio or walkie-talkie system

Answer

Two-way radios allow instant, simultaneous communication across all staff teams, which is critical for coordinating rapid responses during on-site emergencies.

CED - Certified Event Designer Practice Test

CED - Certified Event Designer Practice Test

CED CED Risk Management & Contingency Planning 2