MN220: Risk Management Plan for Coles Supermarket Business Case

This report provides a comprehensive risk management plan for Coles Supermarket, analyzing the supermarket's operations, financial performance, and market position. It identifies key risks, including revenue, financial, environmental, and legal risks, and proposes improvement initiatives. The report evaluates the company's objectives, risk management policy, organizational structure, and communication strategies. It examines quantitative and qualitative risk assessment tools, including heat maps and fishbone diagrams, and outlines a performance measurement plan. Furthermore, the report discusses the implementation plan using the PDCA model and explores the potential use of COSO standards. Appendices include financial reports, market share graphs, and share price comparisons. The analysis concludes that Coles needs to restructure its risk management strategies and adopt a COSO framework to mitigate risks and improve performance.