Assignment on Manage Risk Business

Running head: MANAGE RISK BUSINESS
BSBRSK501: Manage Risk Business
Name of the Student
Name of the University
Author’s Note

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Table of Contents
Assessment 1 - Case Study - Risk Review......................................................................................4
1.1 Introduction............................................................................................................................4
1.2 Scope......................................................................................................................................4
1.3 Goals......................................................................................................................................5
1.4 Stakeholders...........................................................................................................................6
1.5 Analysis.................................................................................................................................8
1.5.1 PEST Analysis................................................................................................................8
1.5.2 Value Chain Analysis.....................................................................................................9
1.5.3 SWOT Analysis..............................................................................................................9
1.6 Describe...............................................................................................................................11
1.6.1 Occupational Health and Safety (OHS)........................................................................12
1.6.2 Government Compliances............................................................................................12
1.6.3 Financial Operations.....................................................................................................12
1.6.4 Human Resources.........................................................................................................13
Assessment 2 - Case Study - Risk Analysis..................................................................................15
2.1 Risk Identification...............................................................................................................15
2.2 Manager’s Travel Risk........................................................................................................16
2.2.1 Manager’s Travel Risk: Likelihood..............................................................................17

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2.2.2 Manager’s Travel Risk: Consequence..........................................................................17
2.2.3 Priority..........................................................................................................................17
2.2.4 Manager’s Travel Risk: Options...................................................................................18
2.3 By-law Compliance Risk.....................................................................................................18
2.3.1 By-law Compliance Risk: Likelihood..........................................................................18
2.3.2 By-law Compliance Risk: Consequence......................................................................19
2.3.3 By-law Compliance Risk: Priority................................................................................19
2.3.4 By-law Compliance Risk: Options...............................................................................19
2.4 Banking Risk.......................................................................................................................20
2.4.1 Banking Risk: Likelihood.............................................................................................20
2.4.2 Banking Risk: Consequence.........................................................................................20
2.4.3 Banking Risk: Priority..................................................................................................21
2.4.4 Banking Risk: Options..................................................................................................21
2.5 Risk Management Plan Table..............................................................................................22
Assessment 3 - Research Project...................................................................................................24
3.1 Manager’s Travel Risk........................................................................................................24
3.1.1 Plan...............................................................................................................................24
3.1.2 Implementation.............................................................................................................25
3.2 By-Law Compliance Risk....................................................................................................25
3.2.1 Plan...............................................................................................................................26

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3.2.2 Implementation.............................................................................................................27
3.3 Banking Risk.......................................................................................................................27
3.3.1 Plan...............................................................................................................................28
3.3.2 Implementation.............................................................................................................28
3.4 Outcomes.............................................................................................................................28
3.5 Evaluation............................................................................................................................32
Bibliography..................................................................................................................................34

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Assessment 1 - Case Study - Risk Review
1.1 Introduction
A detailed investigation is to be performed in this Toowoomba MacVille Café study. To
identify several risks that are currently involved in the system are mentioned as following: New
goals are to be achieved; Involve certain stakeholders as per their expertise; technological,
economic, political, and social features; identify weaknesses and strengths; find out risks and
opportunities; and Analyze project outcomes. Specific reason based on which this particular
investigation should be conducted is identification of the good and bad perspectives about risk
management planning. The report should convey what are the necessary changes required for
implementation in MacVille café. The changes should be identified based on work efficiency
increasing with involving certain legislative laws. Conducting investigation is important for
viewing the consideration of staff member allocation, community incorporation, and project
management activities. Moreover, the investigation should be conducted in a manner to
demonstrate the aspects in which management, staff members, and government should be
involved along with community.
1.2 Scope
MacVille Pty Ltd have implemented chain of café and shops in central distract of
Brisbane, Queensland, and CBD of Sydney for becoming central tycoon in Australia. The re-
branding strategy for existing Hurley Café in Toowoomba should be incorporated with decisions
taken by board of directors. This particular report focused on identifying the risks in Toowoomba
along with exposing analytical outcomes and likelihoods, consequences of risks, and priority in
risk treatment.

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1.3 Goals
Purpose of risk treatment and management is considered for ensuring smooth and proper
transition towards MacVille Pty Ltd. The risk management plan is considered into account for
providing ongoing support to company and its risk management initiatives. The risk management
aims are listed as following:
a) To ensure appropriate manner of transition to MacVille systems
b) To meet mentioned compliance standards of OHS, industrial and privacy
relations law
c) To employ existing staffs for getting every person for understanding personal
roles and responsibilities
d) To set up written policy and procedures for guiding staffs over carrying out
personal duties
e) To reduce water usage and install water tank
f) To build up professional business culture along with business goals
g) To monitor and investigate about the changes in business, external
environment, and finding out opportunities and threats to business
While opening new café and store in Toowoomba, there exists two major goals in the
project. The primary goal is identified as involving the business with growing and running newly
opened café. The second goal is identified as focusing on potential risks that are involved in
opening the new café.
Primary goal of business is aimed at opening new base of customers for MacVille in
order to expand business and grow business popularity. New store in Toowoomba can increase

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overall profit for help spreading awareness of café with bringing new customers into service
offering. The second goal in the study is to identify potential risks that are involved in opening
new café and identification of certain actions that needs to be included in place for eliminating
risks. The identified risks and threats can be resolved with identifying the internal risks and
external risks. The internal and external risks should be resolved along with performing
assessment with them individually.
1.4 Stakeholders
Stakeholders are identified to be a person who will take responsibility for performing
certain activities in the project; the stakeholders should be included as taking part in the project
actively. The stakeholder interest is identified as positively or negatively affected with project
execution or project completion. The stakeholders can exert impact on project and their
deliverables. Stakeholders are important for performing risk management along with identifying
stakeholders with casting clear vision to mentioned figures in business process. The following
table includes details about stakeholders along with dividing them under types as ‘internal’ or
‘external’.
Stakeholders Internal/external Role in process Stake in process
Board of
directors in
MacVille Pty Ltd
Internal Providing support,
decision-making,
reviewing CEO’s
performance, measuring
stakeholder performance
MacVille’s business
performance
MacVille’s Café Internal Reporting to board of MacVille’s business

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Queensland CEO
– Paula Kinski
directors along with
managing daily operations
performance
Assistant
managers of
Brisbane Queen
Street store
Internal Managing the new store
activities, managing the
risks of taking over
process
Appropriate transition of
business to Toowoomba
café store
Existing staffs External Hurley’s café existing
staffs and employees
Securing employment
Current
supervisor-in-
charge – James
Mansfield
External MacVille second in-
charge personnel
Offered to personnel level
as second in-charge
person in operations
The legal firm
company –
Goldsmith
Partners
External Providing legal advises
and keeping MacVille
aware about legal
decisions
The legal or compliance
issues can be reduced and
the legal firm can help
with providing legal
decision-making
The landlord –
Ron Langford
External Providing assistance with
store establishment in
Toowoomba
Landlord can get rental
payment from new tenant
The customers External None Order best quality food,
breakfast, and coffee
Table 1: Stakeholder analysis