Risk Management Report for Brisbane MacVille Cafe in Toowoomba

Report on Risk
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Table of Contents
Introduction................................................................................................................................3
a). Frameworks of effectiveness of the Risk management by supporting the principles and
process of Risk management..................................................................................................4
b). Identification risk management scope:.............................................................................5
c). Identification of critical success factors, goal and objective in that scope:......................6
d). Role of internal and external stakeholders in the risk management process:...................7
e). PEST analysis and the SWOT analysis for the identification of the associated risks in
the given scenario:................................................................................................................10
f). Research methods that has been utilised in PEST and SWOT analysis..........................12
h). Completion of analysis by summarising the given scenario and providing a list of risks.
..............................................................................................................................................13
Conclusion................................................................................................................................14
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Introduction
This task is reviewing the risk factors that are associating with a cafe business that is
established on the city of Toowoomba by the name of Brisbane MacVille café. As senior
manager of the cafe my role is to assess the risk factors and help the business family to
achieve their long term business objectives.
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a). Frameworks of effectiveness of the Risk management by supporting the principles
and process of Risk management
There are different types of elements has been involved in the risk management assignment
of the Macville Pty Ltd that has been helping the organisation to become an effective and
efficient operation for the organisation. There are various elements has generally been
included in the risk management process of the Macville Pty Ltd such as procedures and
policies, budgeting and business planning, risk management review, external audits, various
monthly reports are all taken into consideration for understanding the recent status of the
organisation and enable prompt feedback so they can eliminate the risks regarding the
commercial as well as the strategic risk. Various policies relating the finance and corporate
governance, human resources has the Macville Pty Ltd in understanding the different types of
the issues they are currently facing so that they can take the effective risk management
strategy to solve this (Grant, 2016). To harmonise the risk management for present as well as
future standards they are following the standards of ISO 31000:2009. This standard helps the
company in dealing specific level of risks and also providing a common approach for dealing
with all level of risks so that the standards are not able to replace. This standard provides
guidance for dealing with the risks because effectively because the mentioned standard is not
promoting uniformity of the management of risk in the organisation (Grant, 2016).
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