Management of Risk in Maxville Café

Running head: RISK MANAGEMENT ANALYSIS REPORT
MANAGEMNT OF RISK IN MacVille café
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RISK MANAGEMENT ANALYSIS REPORT
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Assessment Task 1
Risk Review Report
a. The role of risk management is very much needed in the role of the manager of MacVille
café in Brisbane. The risk management is necessary as because the several internal and
external risks are associated in a café. The several guidelines associated with the risk
management in the AS/NZS ISO 31000:2009 standard are that it can be applied to any
type of risk and throughout the life of an organization. The risk management factors are
integrated after analyzing the structure, operations, functions and assets of a company.
b. The scope of risk management is needed in order to successfully deploy and organize the
new branch named Toowoomba store. The qualitative risk analysis is needed in order to
access all the risks that may be associated with the café.
c. The critical success factors comprises the entities which must be adopted in order to
successfully implement the goals of the project. The success factors include customer
service orientation of the café, using multiple frameworks in order to implement the long
term goals. The success factors in the risk management is the people working, operations
of the café, marketing strategy and financial accounting.
d.
Stakeholders Internal/external Role in process Stake in process
Manager Internal To identify the risks
and threats.
The stake of the
manager is
organizing and
managing the entire

RISK MANAGEMENT ANALYSIS REPORT
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organization.
Employees Internal To implement the
various risk treatment
plans.
To satisfy the
customers and deliver
products successfully.
Customers External To successfully
maintain a healthy
relationship with the
organization.
The feedbacks of the
service and product
by the customers will
help the café in
enhancing its
products and
services.
e. The PEST and SWOT analysis describes the various social, political, economic and
technological risks that are associated with the company. The SWOT analysis reveals the
strengths and weaknesses of the café in terms of operational structure of the company.
Through the SWOT analysis the various threats of the organization are identified which
might affect the performance and sales of the cafe.
f. The data that has been used for the PEST and SWOT analysis for this case study is the
qualitative method of research.
g. The summary of the scenario is that the new store that is opening has certain business
risks which most of the similar organizations have and thus the risk management is
necessary in this scenario and the identified risks are compliance, market, operational and