Write a memorandum to a venue’s chief security officer to communicate a historical risk event that
could occur at the venue and recommend measures to control and finance that risk.
The chief security officer of a venue asks that you, a risk management analyst under his
supervision, identify a past historical risk event at a venue that could occur at your venue and write a
1400-1700 word memorandum to the chief security officer describing the impact and likelihood of such
a risk event occurring at your venue, recommending controls to mitigate that risk and financing
mechanisms to transfer that risk, and steps to be taken to implement those controls and financing
mechanisms. A template setting forth the format of the Chief Security Officer Memorandum is posted
on Blackboard. This assignment is worth 150 points. This is an INDIVIDUAL exercise. Do not collaborate
with others on this exercise. Your memorandum should reflect your own understanding of the materials
the class has studied on risk management processes and venue safety and security. Please cite any
references in footnotes and please use quotations if you are copying material directly.
Steps
1. Select a venue (e.g., stadium, concert hall, arena, festival grounds, nightclub, park) at which you
are a risk management analyst reporting to the venue’s chief security officer.
2. Identify a historical risk event at a venue that could occur at your venue.
3. Research and gather data on this risk event and the impact and likelihood of this risk event
occurring at your venue.
4. Research and gather data on controls that could potentially mitigate this risk event.
5. Research and gather data on financing mechanisms that could help transfer the venue’s
responsibility for such a risk event to another party.
6. Identify the most relevant controls and financing mechanisms to be used as part of an
implementation plan you recommend to the venue’s chief security officer.
7. Using the Chief Security Officer Memorandum Template, develop the memorandum describing
the historical risk event, the impact of this risk event occurring at your venue, the likelihood of
this risk event occurring at your venue, the controls to mitigate this risk, the financing
mechanisms to transfer this risk, and a plan to implement the controls and financing
MEMORANDUM
To: Chief Security Officer From: [Your Name], Risk Management Analyst Date: December 17, 2024 Subject: Potential Risk Event: Mass Casualty Incident
Introduction
This memorandum outlines a potential risk event that could impact our venue: a mass casualty incident (MCI). MCIs can occur due to various reasons, including terrorist attacks, active shooter situations, natural disasters, or civil disturbances. While the likelihood of such an event may vary based on the specific venue and its location, it is crucial to have a comprehensive risk management plan in place.
Risk Assessment
Impact: The impact of a mass casualty incident could be devastating, resulting in significant loss of life, injuries, property damage, and reputational harm. Such events can have long-lasting psychological effects on victims, their families, and the community.
Likelihood: While the likelihood of a mass casualty incident may vary depending on factors such as location and security measures, it is essential to consider the possibility, especially in light of increasing global threats.
Control Measures
To mitigate the risk of a mass casualty incident, the following control measures should be implemented:
Physical Security:
Threat Assessment and Intelligence:
Training and Exercises:
Technology and Surveillance:
Financing Mechanisms
To finance the implementation and maintenance of these control measures, the following mechanisms can be considered:
Implementation Plan
By implementing these recommendations, the venue can significantly reduce the risk of a mass casualty incident and protect the safety of its patrons and staff.