Monitor risk and evaluate processes
Monitor risk and evaluate processes
Submission details
Performance objective
Assessment description
There are three stages to this project: (1) review, (2) analyse and plan, and (3) monitor. This project is divided into three assessment tasks as follows:
For this task, you are to review the implementation/operation of the risk management action plan you developed in Assessment Task 2 against the simulated business information provided in this task. Then, you will need to prepare a monitoring/reviewing report evaluating the outcomes of the action plan and risk management process.
Procedure
Implementation – a summary of all actions taken to date in attempting to manage identified risks.
Outcomes – a clear statement identifying continued and/or reduced risks, with supporting information in tables or graphs where available.
Specifications
a monitoring/review report.
Your assessor will be looking for:
ability to interact/connect with others using appropriate conventions when communicating to, and consulting with, stakeholders
ability to sequence/order and schedule/prioritise activities and manage communication
Appendix: Scenario – MacVille Pty Ltd simulated business
Implementation information
A summary of the findings
The financial controller/accountant had taken out $5,000 on insurance cover for cash held on the premises overnight from the launch week as planned.
The company bank account that was planned to be opened in the first week was actually opened about four weeks after the café’s launch at the bank two doors down the street. As it is not MacVille’s regular bank, there are difficulties with getting the same level of service that MacVille stores receive in Brisbane.
The plants have been changed to natives/natural that require minimal water as planned. The installation of dual-flush/two option flush toilets were planned for completion six months after settlement, and although the dual-flush toilets have been ordered and are in stock, they cannot be installed due to the backlog of work by district plumbers. The five-star rated (WELS) dishwasher was installed by the supplier within the six-month timetable as planned.
The application to ‘make good’ by Goldsmith Partners on behalf of MacVille was accepted by the Toowoomba City Council; however, the grace period to comply with by-law ends in 14 days and the store is still above the acceptable benchmark for water use.
All the original staff members are wearing the MacVille uniform. However, these original employees are now responsible for directly supervising new employees. The original staff members are not explaining the uniform requirements to new employees and are not delivering any warnings for uniform non-compliance. As a result, there has been an increase in uniform non-compliance.