MANAGE RISK- LEARNER ASSESSMENT WORKBOOK

Assessment 1 - CASE STUDY - Risk review

1. Scope of Risk management
In this context Macville Pvt Ltd has implemented role to consider various managing task over
risks. There are operational aspects that outline the brief scope over risk management
activities. Since the company is in the Australian beverage market it takes its approach to
subsequent three stages viz: review, analyze and plan, and monitor. It aims at planning
effective measures to meet strategic and investment risk and consider any risks that impact
over local governance, supply chain, financial operations and resources management. In this
business activity it also proposes to identify and eliminate and maximize the opportunities
through minimizing adversities. There are policy implementation scope that maintains
procedures to establish a context, identify risks, analyze, treat, monitor and review through
communication and consultation.
2. Goals under the Scope
There is a fine lining to develop the overall strategy as per the decision led in order to expand
the operation of Macville Pvt Ltd. It looks forward to success stances through purchasing and
rebranding steps that could possibly enhance the smooth transition to company system and
help in encouraging the ongoing support to take desired action. The phases will set out a
statistical plan that can sort with the investigation process requiring for any legal or
compliance issues. The goals take the high ratio to establish design policy and procedures that
shows how things do work. In order to achieve effective risk management it sets contingency
planning, balancing between anticipated benefits and managing risk, active approaches, and
strategic focus to realize maximum opportunities in future.

3. Stakeholders
Stakeholder
A

Internal/external
Identity Risk

Role in process
Identification
of
what, why and
how events rise

Stake in process

Analyse Risk

Determination of Combine a priority

existing controls, rating for the risk
consequences and
likelihood controls

Treat Risks

Develop
and
Implement specific
risk management
plans

Higher
risks

priority

4. Analysis
PEST Analysis and SWOT Analysis
PESTPolitical- this risk considers the range of potential consequences and likelihood and their
manner of how they will occur. They produce a priority rating in terms of this risk.
Environmental- broader sense to reveal the policy and procedures need to be done as per the
aspects concerning the surrounding areas.
Social-concern for the well being of the staffs and getting the company branded supply.
Know the staffs work procedures and supervise the operation and authorize wages and
deliveries.
Technological- use of digital technologies and schemes, implementing computer to store the
financial records, internet and working in the framework of business technology and
organizational processes where required. Company adheres to bind the technological aspect
through sustained utilization of technical equipment.

SWOT
Strength- Eliminate risks maximizing opportunities and minimizing adversities. Leading a
strategic focus, active approaches forward thinking, and contingency planning.
Representatives of large international chain of coffee shop and expand the operation with
purchase to re-branding of the cafe.
Weakness- Lack of internal control, mostly due to over cash recording, monitoring and
handling. Compliance standards in OHS, written policy and procedures and inefficient guide
staffs, lack of professional business culture, and failure in business monitoring of the external
environment.
Opportunity- funding facilities and monitoring and review and establish a context that will
evaluate the structure of the risk. Easy access to stores and busses because central location of
the cafe.
Threats- lack of monitoring might affect the oversight and review of the risk management
system.

5. Research
This scenario deals with managing the risk and to find out the significant insights to
the operation of the store for Macville system. Since the phases involves analysis, it
also takes into consideration various discussions in the planning and procedures for
the subsequent phases like: review, analyse and plan, and monitor. In this scenario
research undertaken is through investigation and reviewing the statistical information
from specialists. This starts from the site visit at the cafe and overviewing the store
area and prepare the same for report. The concern was to get branded supplies from
CBD Brisbane. Since the policy and procedures were set verbally, it sets out
unstructured and risk to control system. Availability of qualified staffs having popular
cooking skills and using innovative process. Concern for the employee details and all
health issues were maintained in the information form. The summary learning gives
an idea about many failures and lack inciting high risk to the key problems. Some of
these problems are lack of internal controls, failure to meet compliance standards,
lack of professional business culture, etc.
6. Describe

There are few risks that are identified through the research process. These are the
analysis risk been sought from the key problem been taken from the report been
presented. This includes both internal and external risks and lead to consequential
steps like failure in meeting compliance standards, failure of the business monitoring
system. Since there is a hindrance to find the threats and opportunities of the business
it will affect the overall concurrently risk management process.
7. In this scenario to further identify the risk management process and discuss few things
should be pointed out with the manager
- Consider the realizing factors like contingency planning and take active approach
-

to management
Critically analysing the balance between anticipated benefits and cost of managing
risk and take action towards evaluating the policy and procedures to establish the

strategy
To further analysis the context take brief involvement to Macville activities and
listing of criteria operating under organizational context and events that will

control the potential consequences.

Planning in the current law and enquiry in a more broader sense to large
international chain and make good under some implementing action.

8. Develop
Script of Communication with the manager
- Need brief consultation over the report that for acquisition and re-branding of the
-

expansion store.
Take appropriate and measures to control risk management process and use ideal

option to identify and set objectives

Need effective handling to monitoring , recording, written policy and procedures

and many compliance standards

Require more information and change in monitoring process and realization and

so has to do research in duly meeting the standards.

Water compliance risk and needed to be improved upon time and resources

Assessment Task 2 - Case Study - Risk analysis

1. Likelihood For each risk, assess the likelihood of the risk occurring.
For water compliance risk it is less likely to occur because of installing native plants
to cut down water use and installing a water tank and reducing the dependence on

council water. There is also managing of new process over conservation of water
usage.
For controlling and monitoring risk there are new policy and procedures to write for
water use.
2. Consequence For each risk, assess the consequence of the risk occurring.
Bank risks aroused because of the long distance arousing time and so likely to occur
with risk of doing banking. Therefore, it needs to change banks to avoid long walking.
3. Priorities Use a risk calculation table to assist in prioritising the risks.
4.

Options For each prioritised risk, outline at least two suitable options for treating the

risk.
This risk consider over pre settlement where it would ensure the legal transfer of the business,
opening the business in the first week. It also ensures the financial controlling actions like
banking, insurance or financial issues. Need to devise some changes like legal issues, new
policy by the CEO and Macville board, on site management training for the manager of the
store.

5. Develop a risk management plan by completing the table included in this task and
attaching it to your report

Assess Risk
(L, M, H, E)

Risk

Controls

Monitoring

Timelines

Banking Risk

Responsible
Financial
controller

Managers
travel risk

By-Law
Compliance
Risk

Pre-settlement
date of legal
transfer of the
business

Goldsmith
Partners

6. Risk analysis and management plan

In this scenario evident information is analysed and developed through identifying of risks

Assessment 3 Research Project (Monitoring Report)

1. Plan
In this report a detailed a brief discussion to planning functions and
implementation framework is sighted that analysed every aspect of premises. In
this managing planned strategy, and highlights the weekly management meetings
and other compliance related to new policy system with Toomwoomba. It also
depicts new implemented methods and action sorting out issues from the further
analysis over the subject such as changing of plants to areas that require minimal
water, installation of dual-flush toilet to complete within six month time,
acceptance of application o Goldsmith Partners for water use. About the training
on-site management plan, about banking it was successful. But still there lie few
issue segments like water tank plumbing, monitoring of staffs problems and
regarding the policy updates.