BSBSTR601 – Task 6 – RISK MANAGEMENT – RISK ASSESSMENT
Describe five (5) risks that could be associated to the new function room.
Be precise and detailed in your assessments of risks relating to the implementation of the new function room and consider ALL aspects – business; competitor; staffing; costs; marketing; equipment etc
Refer to Table 1 (Risk LIKELIHOOD and Risk CONSEQUENCE or IMPACT) to complete the IMPACT and LIKELIHOOD levels for each risk.
Refer to Table 2 (RISK SCORING MATRIX) for LEVEL of RISK scores and to Table 3 (ACTION REQUIRED) for the required actions for each.
| WHS RISK ASSESSMENT | ||||
| RISK | IMPACT | LIKELIHOOD | LEVEL OF RISK | REQUIRED ACTION Immediate action required to eliminate this risk |
| Eg. Not using the function room as frequently as per plan (financial risk) |
3 |
C |
H |
Discuss size of room and financial loss with senior management. |