As Olympic fervor comes to an end, a Harvard Business Reviewblog post takes a look at the risk management involved in hostingthe games. The London organizing committee and the International OlympicCommittee had to prepare for every potential type of disaster:blackouts, railway failures, floods, disease outbreak anddiplomatic crises.

Since the '90s, the International Olympic Committee hasformalized its process of ensuring that host cities prepareproperly and has insured itself against cancellation in the eventof terrorism or natural disaster. Integrating risk mitigation intodecision-making processes has become common, including using riskregisters, running scenarios and putting monitoring systems inplace.

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