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 |
| E.g. 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. |
|
Not promoting on the standards of advertising over functional rooms in a frequent manner. |
2 |
C |
H |
Working on the actions for discussing over the teams of marketing. |
|
Not having a proper training of staff for covering the functions. |
3 |
A |
H |
Training on the staff with the organizing on the job with the off-the-job training. |
|
Not maintaining the functioning of the rooms in a proper manner. |
4 |
B |
M |
A proper maintenance checklist is about the need to follow on the rooms of functioning. It is for presenting the neat, clean and the proper presentable ambience for customers. |
|
Not facilitating on the enough options with coping up the trends as the competitors providing. |
3 |
C |
M |
To survive on the competition with the need to provide the better menu. It is for better quality on the food with the proper understanding on the price to beat the competitors as well. |
|
Profit margins are for the almost on the ways for thinning on the ground |
3 |
C |
H |
Handling the extra promotions with attracting more of customers as well. |
|
Handling the potential fire hazard for the financial and the risks of life |
5 |
C |
E |
Properly focusing on the safety checks too |
|
Not able to properly work on managing the crowd at the function room |
1 |
D |
L |
Handling the proper crowd with the proper team of management working on the ensured safety as well. |
|
Focusing on the customer relation practices to manage |
3 |
D |
E |
Understanding the requirements to offer a greater service for the employee with evaluating the measures of consumer performance. |
|
Handling practice of trading too and other environmental procedures |
4 |
D |
H |
HR department and legal authorities work with the sufficient care on dignity at all costs with the defined procedures which is anti-competitive too. |