Certified Meeting Professional (CMP) Practice Exam

The ability to handle unexpected issues at an event is referred to as?

1. Event execution

2. Risk management

3. Contingency planning

4. Operational monitoring

The correct answer is: Risk management

The correct answer is contingency planning. This term specifically refers to the procedures and strategies put in place to address potential problems or unexpected issues that may arise during an event. It involves identifying possible risks and developing action plans to manage them effectively should they occur. Contingency planning typically encompasses a wide range of scenarios, ensuring that the event runs smoothly even in the face of unforeseen challenges. This proactive approach allows event planners to minimize disruptions and respond swiftly, maintaining the overall success of the event. While risk management is related to identifying and mitigating risks, it is more comprehensive and often involves a strategic approach to overall risk assessment rather than focusing specifically on immediate issues that can arise during execution. Event execution involves the actual carrying out of the event plans, and operational monitoring refers to overseeing the functioning of event components, but neither captures the essence of preparing for unexpected difficulties in the same way as contingency planning does.