Report on Risk Assessment for MacVille Pty Ltd's New Outlet Expansion

This report, prepared for MacVille Pty Ltd, analyzes the risks associated with opening new outlets within the existing business structure. The report identifies key elements such as risk review, stakeholder communication, and safety considerations. It examines the scope of risk assessment, critical success factors, and analyzes internal and external stakeholders. The report includes PEST and SWOT analyses to evaluate political, economic, social, and technological factors, as well as strengths, weaknesses, opportunities, and threats. The methodology involves interviews and surveys to gather information. The conclusion emphasizes the importance of stakeholder involvement, adherence to regulations, and the identification of potential project impacts for successful project completion. The report provides a detailed overview of the project's scope, identifies stakeholders, and presents analyses for risk mitigation.

Running head: REPORT ON RISKS
Report on Risks
Name of the Student
Name of the University
Author’s Note

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REPORT ON RISKS
Table of Contents
Introduction................................................................................................................................2
Purpose and key elements..........................................................................................................2
Scope of risk assessment............................................................................................................2
Critical Success factor................................................................................................................2
Internal and external stakeholders..............................................................................................3
PEST and SWOT analysis.........................................................................................................3
Method of research.....................................................................................................................5
Conclusion..................................................................................................................................5
Bibliography...............................................................................................................................6

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REPORT ON RISKS
Introduction
The report is prepared for MacVille Pty Ltd for analysing the risk associated with
opening new outlets for the business within existing structure of the business. For the analysis
of the risk the external and the internal environment factors are analysed and reviewed for
analysing the critical success factor for the development of the project.
Purpose and key elements
The key elements identified for the project are listed below:
 Development of a risk review report
 To record the emails and communication between the stakeholders
 The safety fields should be analysed for the recognition of the consequences and
negative impact
 Focus should be given on the prevention and mitigation of the risk such that the
project can be completed successfully
Scope of risk assessment
As a manager continuous effort should be given on the risk management and new
process should be developed for implementation of strategy and address the problems in the
project. The risk assessment should be used for reducing the volatility and focus should be
given on the non-essential areas in the current business process. The risk should be identified
in the preliminary stage of the project by analysing the legal, social, cultural and political
environment.
Critical Success factor
Both the threat and the opportunity for the project should be identified and controlling
or mitigating the risk associated with the development of the project. The effectiveness of the

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REPORT ON RISKS
internal control should be related with the cost of implementation of the control for reducing
the risk. The control should be measured in terms of potential economic benefits regularly
auditing the standards and policy for the management of the improvement opportunities.
Internal and external stakeholders
Stakeholder Internal/External Role in process Stake in process
Paula Kinski Internal CEO Consult
James Mansfield Internal Senior Supervisor Answering
Questions
Ron Langford External Consultant Consult
Senior Management
Team
Internal Business
management
Risk management
Finance Team Internal Maintain Cash Flow Business planning
and budgeting
Audit Team External Auditing Provide feedback
Risk management
Committee
Internal Safety, Identify,
evaluate, control and
manage risk
Monthly reporting
Local Councillor External Assistance Available
PEST and SWOT analysis
PEST Analysis
Political – The political influence for opening the new café can affect the business
immediately or later. The legal documents for opening the new store such as water saving
policy, tax policy, regulations and de-regulations should be managed for eliminating the risk
of political influence.

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Economic – The stages of the development of the business and its impact on the local
environment should be identified. The cost of the labour and the likely changes that are
needed to be made in the current store should be identified. The inflation, stock market and
the interest rates should also be taken into account.
Social – The lifestyle of the targeted consumer and the recent trend among the people
should be identified for making contribution towards the social changes. The population in
the locality and the lifestyle choice should also be identified for reducing the impact of the
social culture of the people in the current business.
Technological – Innovation, patents and license and the technology that can help in
reducing the effort of the employee and server more number of customer should be taken into
account for the improvement of the business process.
SWOT analysis
Strength
The main strength is the location of the store that would make easy access for the
consumers and increase the visibility for the tourist.
Weakness
The new store is far away from the main branch and a steep slope with blockings in
the road is needed to be passed for reaching the outlet.
Opportunities
The wastage of water should be reduced by installing dual flash system in toilet and
using efficiency labelled dish washer and new cooking system can be installed in the site for
eliminating the need of delivering pastries from the main outlet.

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Threats
There is a lack of sales promotion and it causes the staffs for active involvement in the
business. The health issues for the employees should be managed and a process should be
involved for dealing with the injuries of the employees working in the organization.
Method of research
Interviews and survey should be done for obtaining information about the current
scenario of the business. While conducting the interview a formal or informal approach can
be adopted for letting the person speak freely and ensuring that the issues are covered. The
answers should be recorded for using it for the development of the project.
Conclusion
From the above report it can be summarized that for opening the new branch in
Toowoomba the involvement of the stakeholders is necessary for the identification of the
potential threats for the project. The rules and regulation that should be followed and the
areas of impact of the project are identified for eliminating the risk and successfully
completing the project.

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Bibliography
He, S., Xiang, Z. and Liang, Y., 2017. SWOT analysis of tourist industry and the strategies of
precisely targeted poverty alleviation-taking Baojing County of Hunan Province as an
example. Journal of Southwest University for Nationalities-Natural Science Edition, 43(2),
pp.209-214.
Oliveira, G., de Castro, V.G., Nogueira, N.W., Guimaraes, P.P. and Bispo, D.D.A., 2017.
Wood market: case study about SWOT analysis and strategy formulation. Nativa: Pesquisas
Agrárias e Ambientais, 5(Especial), pp.601-605.
Shabanova, L.B., Ismagilova, G.N., Salimov, L.N. and Akhmadeev, M.G., 2015. PEST-
Analysis and SWOT-Analysis as the most important tools to strengthen the competitive
advantages of commercial enterprises. Mediterranean Journal of Social Sciences, 6(3), p.705.
Singh, M.K., Kumar, H., Gupta, M.P. and Madaan, J., 2018. A Glimpse of Sustainable
Electronics Manufacturing for India: A Study Using PEST-SWOT Analysis. In Global Value
Chains, Flexibility and Sustainability (pp. 271-281). Springer, Singapore.