Certified Meeting Professional (CMP) Practice Exam

Which term best describes the ongoing process of identifying risks specific to an event?

1. Risk assessment

2. Risk analysis

3. Crisis planning

4. Mitigation measures

The correct answer is: Risk assessment

The term that best describes the ongoing process of identifying risks specific to an event is indeed risk assessment. This process involves systematically examining potential risks that could affect the event, evaluating their likelihood and potential impact, and establishing a framework for managing these risks. Risk assessment is a continuous activity that takes place throughout the planning and execution phases of an event, ensuring that emerging threats are identified and addressed promptly. Engaging in risk assessment allows event planners to create more resilient plans, preparing them to take proactive measures to reduce vulnerabilities. Risk analysis, while related, typically refers to the evaluation stage following risk assessment, where identified risks are examined in greater detail to understand their implications. Crisis planning involves preparing for a worst-case scenario but doesn’t focus specifically on the ongoing identification of risks. Mitigation measures refer to the actions taken to reduce the impact or likelihood of identified risks but are not an ongoing process of identification. Therefore, risk assessment is the most accurate term for the continuous process of recognizing risks associated with an event.