Student’s name Student no.

Assessor’s name Marc Teleki

Assessment site Kent st

Assessment date/s 17/07/18

Risk Analysis Report task 2

Background

Mac, Ville Pt Ltd has developed a chain of cafes in the Central Business District
(CBD) of Brisbane, Queensland and the CBD of Sydney, NSW. The boards of
directors have made the decision to expand their operations in Queensland with the
purchase and re-branding of the existing Hurley’s cafe in Toowoomba, 130 km west
of Brisbane.
Project Name: New Toowoomba Store in Ruthven Street
Purpose:
Primary risk management focus is directed to the ongoing operations of the
Toowoomba café. Consider any risk that could impact on human resources
management, financial operations. WHS, our supply chain and the local governance
and overall compliance issue.
Prioritised the risks as follows
● Banking risk:
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● Manager’s travel risk:
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● By-law compliance risk:

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● Loss of brand recognition risk:
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Type of risk Description

Financial

Operational and
environmental

Legal .

Strategic -

Consequence
Moderat
Severe High Low
e
Likelihood

Very likely
 Likely

Unlikely

Very unlikely

Consequences scale example

Level Consequence Description
4 Severe Financial
3 High environmental
2 Moderate Legal
1 Low Strategic

Likelihood scale example

Level Likelihood Description
4 Very likely Happens more than once a year
3 Likely Happens about once a year
 2 Unlikely Happens every 10 years
1 Very unlikely Has only happened once

Note: The scales above use 4 different levels; however, you can use as many levels as
you need. Also use descriptors that suit your purpose (e.g. you might measure
consequences in terms of human health, rather than dollar value).

Use the following formula to calculate risk rating:

Likelihood x Consequences = Risk rating
For example, you may decide the likelihood of a fire is 'unlikely' (a score of 2) but the
consequences are 'severe' (a score of 4). Using the tables above, a fire therefore has a
risk rating of 8 (i.e. 2 x 4 = 8).

Risk Rating Description Action

12-16 Severe Need immediate corrective action
8-12 High Need corrective action within 1 month
4-8 Moderate Need corrective action within 3 months
1-4 Low Does not currently require corrective action
Risk Rating table Example

Action Plan
 Implement a risk treatment option

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