Final answer:
To manage risks for the ABC Association's 10th Annual Convention, it is important to create a contingency plan, take out insurance, negotiate contract provisions, and hire security.
Step-by-step explanation:
Managing risks is an important aspect of planning any event, including the ABC Association's 10th Annual Convention. Here are some risks that need to be managed along with specific mitigation measures:
- Contingency plan: Create a contingency plan for any unexpected issues that may arise during the convention, such as technical difficulties or speaker cancellations. This plan should outline alternative solutions and be ready to implement if needed.
- Insurance: Take out insurance to cover any potential damages, accidents, or cancellations. This can include event cancellation insurance, liability insurance, and property damage insurance.
- Contract provisions: Negotiate contract provisions that protect the association's interests, such as a force majeure clause that allows for cancellation or rescheduling in case of unforeseen circumstances.
- Security: Hire security personnel to ensure the safety and security of the attendees, speakers, and staff. This can include uniformed guards, surveillance cameras, and bag checks.