Risk. Analysis and Management Plan. for. MacVille. Pty

Risk Analysis and
Management Plan
for MacVille Pty
Limited, QLD
on Hurley’s Café ,
Toowoomba

Risk analysis and
management plan
Risk Scenario Likeliho
od Consequences Priorities Treatment ways Likely to be
effective Feasible
Risk 1:
Banking risks
1. The management of the Hurley kept no record of
the cash transactions and any employee could
record financial transactions.
2. 2. There have been thefts of cash.
High
1. Financial loss
2. Shortage of capital
3. Improper audit.
4. Ethical practices to
hide accounting
discrepancies
High
1. Depositing cash into bank regularly
and keeping cash in hand in secured
vault.
2. Accounting done by specific
employee with strong accounting
knowledge
Yes Yes
Risk 2:
Manager’s
travel risks
1. The way is blocked by trucks.
2. Prone to accidents and physical injury High
1. Delay in transports.
2. Accidents would cause
damage to the safety of
managers and financial
loss to the company.
Very high
1. Providing transport services to
employees
2.2. Following traffic rules
Yes Yes

Risk analysis and management
plan contd...
Risk 3: Legal
and
compliance
risks
1. Loss of brand reputation due to
inefficient business management
2. Fines and penal charges due to
wastage of resources like water.
Medium 1. Loss of goodwill.
2. Increase in legal costs High
1. Marketing the restaurant
products.
2. Creating special edition
food items.
Yes Yes
Risk 4: Loss
of brand
recognition
risk
1. The staff at the Hurley’s did not
wear MacVille’s uniform
2. The Hurley’s staffs may try to
alter or distort signature processes of
customer service of the MacVille,
thus hampering its brand value.
High
1. Customer poaching by
competitor restaurants.
2. Reduction in
generation of revenue
High
1. Marketing of products.
2. Gaining support of
stakeholders in its
introducing more innovative
and new products.
Yes Yes