Nowadays, the event industry has played a vital role in our society. People have come up with a lot of occasions for organizing events such as educational and sports events, birthdays, weddings, international conferences, product launches of a company etc. Generally speaking, events are also a part of human beings’ social life because they get to know and talk with different people with different backgrounds. However, in order to organize a good and successful event, it requires a thorough and detailed planning process. Event managers and event coordinators need to collaborate in order to formulate the most viable plan for events. In order to make events successful and well organized, all of the stages in the entire planning process also need to be in harmony and be correlated with one another. Risk management has been a very important part of event management. Under no circumstances should risk management be underestimated during the entire planning process. Additionally, evaluation process helps event organizers and event managers to realize which aspects should be improved and need further development.