Risk Management in Events is a special matter, due to a number of factors, first of all due to its nature of dealing with a lot of people-to-people interaction. This involves all sorts of risks you can imagine.
When I studied Events Management, we talked a lot about various risks, and this topic was definitely emphasized every time we discussed one stage of event planning after another. The risks in events planning occur on preparation, actual operation and post-event stage, so it is really essential not just being aware of some common risks but take them seriously each time. I am sure the experienced professionals will agree on this and give plenty of examples when something went wrong even if it should not have been so for 99%!