King Edward VII College

Assessment Task 2 of BSBMGT517. Risk assessment legend

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 This document is Contingency plan Template.
It is part of the supporting assessment resources for Assessment Task 2 of BSBMGT517.

Risk assessment
Scope of assessment:

Critical success factors:

Internal & external stakeholders:

Risk Consequences Risk rating Contingency Person responsible Priority Monitoring

As
process
calcul rating
ated from above

Strategic Unable to achieve organizational • Risk Assessment Top level Managers High Frequently
Risk objective in long run. • Change in reviewing strategy
organizational
objectives and
organizational
strategy
Compliance Compliance risks can potentially expose Always follow the latest Top level Managers High Continuously
Risk your business to a range of economic status and trend monitor and update
consequences, including: legal penalties. your compliance
voided contracts. financial forfeiture. effort

Financial Loss of capital to interested parties. Use the reserves and cash Financial Managers High Regularly checking
Risk Unable to control money supply in bank. and monitoring
Liquidate shares and other financial
cashable assets statements

Operational Monetary Loss Focusing on one specific Operational Day to day

Risk Competitive Disadvantages part of the organization Managers assessment of
Customer relation problem work performance
Business Failure
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