This document is Contingency planTemplate.

It is part of the supporting assessment resources for Assessment Task 2 of BSBMGT517.

King Edward VII College

Contingency Plan

The contingency planning process will be used by the management team to ensure that we plan for contingencies
related to meeting the goals of the operational plan.

It will be done so in the form of a risk management plan with the risks specifically related to the goals of the operational
plan.

Definitions
The following definitions are based on the Australian and New Zealand Risk Management Standard AS/NZS
4360:2004.

Risk
The chance of something happening which will have an impact upon objectives. It is measured in terms of consequence
and likelihood.

Likelihood
A qualitative description or synonym for probability or frequency.

Consequence
The outcome of an event or situation, expressed qualitatively or quantitatively, being a loss, injury, disadvantage or
gain. There may be a range of possible outcomes associated with an event.

Risk assessment
The overall process of risk analysis and risk evaluation.

Risk treatment/control methods

Selection and implementation of appropriate options for dealing with risk.
Conceptually, treatment options will involve one or a combination of the following five strategies:
 Avoid the risk.
 Reduce the likelihood of occurrence.
 Reduce the consequences of occurrence.
 Transfer the risk.
 Retain/accept the risk.

Risk management process

The systematic application of management policies, procedures and practices to the tasks of establishing the context,
identifying, analysing, evaluating, treating, monitoring and communicating risk.

©RTO Works 2019 Page 1

This document is Contingency planTemplate.
It is part of the supporting assessment resources for Assessment Task 2 of BSBMGT517.
Risk assessment legend

©RTO Works 2019 Page 2

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

Risk assessment
This assignment focuses on the risk analysis while establishing two new campus of King Edward
Scope of assessment:
VII college in Brisbane and Sydney

It is analysed that the development draft work correctly and help the organisation to achieve its
Critical success factors:
target. 

Internal - College employees such as professors, staff members and  students

Internal & external stakeholders:
External - Local government, environmentalist and many more

Risk Consequences Risk Contingency Person responsible Priority Monitoring process

rating rating
As
calculated
from
above

Less Campus area 12 Separate two wings of college Real estate owners and Top Continuous search for
probability will be smaller on different land dealers  priority vacant land area
of 500 Delay in
square establishing 
metre area
for

©RTO Works 2019 Page 3

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

This assignment focuses on the risk analysis while establishing two new campus of King Edward
Scope of assessment:
VII college in Brisbane and Sydney

It is analysed that the development draft work correctly and help the organisation to achieve its
Critical success factors:
target. 

Internal - College employees such as professors, staff members and  students

Internal & external stakeholders:
External - Local government, environmentalist and many more

Risk Consequences Risk Contingency Person responsible Priority Monitoring process

rating rating
As
calculated
from
above

constructing
building 

No any Hire candidate 6 Advertise more broadly to Human resource Moderat Regularly visit the job
candidate from other attract more job seekers  department  e priority providing website
want to do areas responses
work 

Delay in Delay in 16 Need to hire other contractors Builders Top prior Monitor the

©RTO Works 2019 Page 4

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

This assignment focuses on the risk analysis while establishing two new campus of King Edward
Scope of assessment:
VII college in Brisbane and Sydney

It is analysed that the development draft work correctly and help the organisation to achieve its
Critical success factors:
target. 

Internal - College employees such as professors, staff members and  students

Internal & external stakeholders:
External - Local government, environmentalist and many more

Risk Consequences Risk Contingency Person responsible Priority Monitoring process

rating rating
As
calculated
from
above

completion starting of that promises to complete Contractors ity development process

of campus learning building structure on time
session

High price Estimated 12 Need to compare price range Equipment suppliers and Moderat Compare the prices of
of budget will be from different suppliers and dealers e priority products over different
equipment increases  market market

©RTO Works 2019 Page 5

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

This assignment focuses on the risk analysis while establishing two new campus of King Edward
Scope of assessment:
VII college in Brisbane and Sydney

It is analysed that the development draft work correctly and help the organisation to achieve its
Critical success factors:
target. 

Internal - College employees such as professors, staff members and  students

Internal & external stakeholders:
External - Local government, environmentalist and many more

Risk Consequences Risk Contingency Person responsible Priority Monitoring process

rating rating
As
calculated
from
above

Less Less number 15 Need to change action plan Marketing analyst Moderat Monitor the
effective of admission e effectiveness of
marketing of student  marketing plan for each
plan campus

©RTO Works 2019 Page 6