• +1-617-874-1011 (US)
  • +44-117-230-1145 (UK)
Live Chat
Follow Us:

BSBRSK501 Manage Risk Assessment Task 1

Risk review

Scope –covers the following

  1. Project –Mac Ville to expand their operations in Queensland and purchase and re-brand an existing cafe in Toowoomba.
  2. Business unit –Mac Ville Cafes Queensland.
  3. Risk in relation to functions –human resources management, financial operations, OHS, supply chain, local governance and compliance issues.

Goals

  1. To appropriately manage the risks involved with the operation of store
  2. To give the new manager significant insights into the store’s operations.
  3. To ensure there is a smooth transition to the Mac Ville systems.
  4. To encourage the new manager to give ongoing support for risk management.

Stakeholder feedback table

Stakeholder

Internal/external

Role in process

Concerns

The board

Internal

Responsible for risk management

Potential asset loss

Paula kinski

Internal

CEO

Potential loss of reputation

Queensland management team

Internal

Assist in transition and ongoing management

Potential loss of prospect and reputation

Ron Langford

external

Councillor and landlord

Potential loss of tenant

James manfeild

external

Hurley’s store supervisor

Potential loss of promotion

Analysis.

PEST analysis

I Political –federal legislation concerning efficient water usage, by-law allowing cafes to expand their footpath dinning.

  1. Economic –gross regional product growth of 8.9%, number of visitors down 18%.

iii. Social –place for retirees, population growing.

  1. Tech Technology -WIFI in cafe, an innovative frozen par- bake cooking system, Federal Government’s National Broadband Network.

SWOT analysis

1.Strengths –store on the corner of the two main streets of the city, innovative and popular range of rice wraps.

2.Weaknesses–the lack of sales promotion techniques, fit-out in parts looked old

3.Opportunities –opportunities for opening more cafes in the surrounding shopping centres, by-law allowing cafes to expand their footpath dinning. CBD legislation concerning efficient water usage.

4.Threats –international chain of coffee shops opening a store in the Toowoomba

Research information

Source

Primary /secondary data

Key information gathered

Visit with James Mansfield

Primary

Store operations (fit out, cash handling, water usage, employment)

Interview with Ron Langford

Primary

External environment (by laws, government legislations , economic expansion, competition, technology plans)

Extract from Toowoomba regional council

Secondary

Economic indicators (tourist numbers, unemployment, population growth, regional growth)

Extract from Macville NSW

Secondary

Key problems (problem with acquiring and rebranding exciting stores)

Checklists

Human resources management risk.

  1. No written policy and procedures manual and limited staff training –could lead to errors and inappropriate actions.
  2. Authorisation system not clearly defined –could lead to fraud.

iii. Lack of sales promotion techniques –impacts of the stores financial viability.

Financial operations risk

  1. No separation of duties –could lead to fraud.
  2. The banking was not done every day and was kept on the premises overnight without a safe –assets not protected could lead to thief.

iii. Not all takings from the cash register by family staff members were recorded –unacceptable behaviour in a company store and could lead to misappropriation of funds.

OHS risk

  1. Manager two-hour drive to and from weekly manager’s meeting –could lead to physical injury.
  2. Unstable and broken chairs –customers injured –compliance breach and customer suing, reputation loss

iii. No established process for dealing with injuries happening at work –staff need a quick and organised response to injuries –staff work loss, unions suing, reputation loss.

Supply chain risk

i Impractical to deliver fresh pastry from the company’s central bakery plant in timely manner –brand loss, quality service loss.

  1. Supply of company branded supplies –brand loss.

Local governance and compliance risk over

  1. Wateruse –company could be fined –reputation/brand loss.
  2. Incomplete employment records –unions could sue –government penalties – reputation/brand loss, $50,000 fine.

iii. Confidentially of records not guaranteed –privacy law breach

Summarise: when draft was ready then it need to show to the manager. The all points were fine, but he suggested some objectives these were not included our report. It should be necessary. He gave the information that how it should be provided.

  1. Establish health and safety at the work place. Satisfied work place by motivated.
  2. Monitoring policies, procedures in accordance with the legislation. By support from top.
  3. Increase profit by reducing the lost of risk.

Develop summaries: a draft of the communication manager suggested me to use for consultation with stakeholders. He suggested that telephone is better way to invite all the stakeholders for attend the meeting. I made a draft, which is script of information that I need to share with stakeholders.

  1. Managing the risks with the operational aspects.
  2. Review about all risks.
  3. Analyse and plan managing the risks with the operational aspects

EMAIL COMPLETION

Thank you for the opportunity to become manager.

I propose to include

  • NO written set of policy and procedures.
  • Receiving deliveries is not properly assigned.
  • Lot of cash kept at premise high risk of robbery.
  • Lack of sales promotion.
  • Wastage of resources like water and human resources.
  • Financial transactions are not recorded properly.
  • Long drive for manager.
  • No proper way to avoid and deal with injuries.
  • A fresh pastries cannot be delivered from central bakery practically.
  • High risk of breach of privacy act.

Would you please advise of any other issue.

Resources

  • 24 x 7 Availability.
  • Trained and Certified Experts.
  • Deadline Guaranteed.
  • Plagiarism Free.
  • Privacy Guaranteed.
  • Free download.
  • Online help for all project.
  • Homework Help Services

Testimonials

Urgenthomework helped me with finance homework problems and taught math portion of my course as well. Initially, I used a tutor that taught me math course I felt that as if I was not getting the help I needed. With the help of Urgenthomework, I got precisely where I was weak: Sheryl. Read More