Effective risk management applies a systematic process to identifying, analysing, and evaluating event-related risks. By using this framework, you can implement, communicate and monitor control measures to ensure risk levels are managed within agreed risk tolerances. Whilst the risk assessment is mandatory under the Workplace Safety and Health Act (Chapter 354A, Section 65); Workplace Safety and Health (Risk Management) Regulations, there are several benefits as well:a) Protect the organisation’s assets including its people, property and reputationb) Provides assurance to the community and usersc) Provide a safer sporting environmentd) Reduce injuries and incidencese) Ensure compliance to regulationsf) Reduce risks to as low as practically possibleg) Reduce legal liability and litigation