Much like accounting I found Risk Management to be one of the most useful courses in our repertoire as potential future managers. Risk management considers how the law applies in the tourism industry. Our instructor has an outdoor adventure guiding back ground and subsequently a considerable amount of knowledge surrounding a very ‘risky’ industry.
In our course and our RMP we found ways to identify risks, analyze risks by way of a probability vs. consequence chart, control the risks via policies and procedures and treat the risk with waivers and insurance. This course covered a fair amount of material and subsequently I can see risk management in numerous other industries in every direction I look.
The RMP was designed by myself and a peer of mine who’s passion is fly fishing. He hopes to one day get his guiding license and work towards owning and operating a small fishing lodge. Our plan only focused on day tours to simplify many parts of it such as not having to deal with the Occupiers Liability Act or the Hotel Keepers Act.