RISK MANAGEMENT PLAN FOR CONVENIENCE STORE: NIGHTOWL CONVENIENCE

Risk Management Plan for Convenience Store: Night Owl Convenience

Subject: manage risk

ASSESSMENT:
• Design, develop and document a risk management plan related to:
o the reduction of accidents, illness or incidents relating to worker or general public safety
o the prevention of operational discontinuity
o the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)
o environmental impact issues—including resource use and management
You might choose another risk area relevant to the organisation for which you work (I am working at NIGHTOWL). If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.
Explain why and how you would initiate and implement the risk management plan and:
o Establish the context and scope of the plan.
o Identify the risk/s.
o Analyse the risks.
o Select, plan and document risk management treatments.
o Explain the implementation monitoring and evaluation processes.
Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.
Submit:
o the plan
o research results and tools used in the assessment process and in the plan design
o any relevant support information, charts, graphs, statistics etc
The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

I WILL PREFER TO CHOOSE NIGHTOWL AS MY TOPIC OF ASSESSMENT BECAUSE I AM CURRENTLY WORKING AT NIGHTOWL.

ASSESSMENT:

  • Design, develop and document a risk management plan related to:
    • the reduction of accidents, illness or incidents relating to worker or general public safety
    • the prevention of operational discontinuity
    • the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)
    • environmental impact issues—including resource use and management

You might choose another risk area relevant to the organisation for which you work (I am working at NIGHTOWL). If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.

Explain why and how you would initiate and implement the risk management plan and:

  • Establish the context and scope of the plan.
  • Identify the risk/s.
  • Analyse the risks.
  • Select, plan and document risk management treatments.
  • Explain the implementation monitoring and evaluation processes.

Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.

Submit:

  • the plan
  • research results and tools used in the assessment process and in the plan design
  • any relevant support information, charts, graphs, statistics etc

The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

 

Answer preview:

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