Cahilap Aj Macro

NAME: CAHILAP, AICA JUSTINE
BSTM2-1AA
MACRO PERSPECTIVE OF TOURISM AND HOSPITALITY
1. How can you apply the risk management process to prevent these
scenarios from occurring?
Risk assessment is a term used to describe the overall process or method where
you identify hazards and risk factors that have the potential to cause harm
(hazard identification). Analyze and evaluate the risk associated with that hazard
(risk analysis, and risk evaluation). Risk Assessment is where the severity of the
Hazard and its potential outcomes are considered in conjunction with other
factors including the level of exposure and the numbers of persons exposed and
the risk of that hazard being realised. There are a number of different formulae
used to calculate the overall risk from basic calculations using high, medium and
low categories to complicated algorithms to calculate risks at Nuclear power
stations and other high risk work locations.
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2. How can you apply the risk management process to prevent these scenarios
from occurring? Use the template below.
Risk Identification:
A more disciplined process involves using checklists of potential risks and
evaluating the likelihood that those events might happen on the project. Some
companies and industries develop risk checklists based on experience from past
projects. These checklists can be helpful to the project manager and project team
in identifying both specific risks on the checklist and expanding the thinking of
the team. The past experience of the project team, project experience within the
company, and experts in the industry can be valuable resources for identifying
potential risk on a project. Identifying the sources of risk by category is another
method for exploring potential risk on a project. Some examples of categories for
potential risks include the following:
-Technical
- Cost
- Schedule
- Client
- Contractual
- Weather
- Financial
- Political
- Environmental
- People
Risk Analysis:
Human – Illness, death, injury, or other loss of a key individual.
Operational – Disruption to supplies and operations, loss of access to essential
assets, or failures in distribution.
Reputational – Loss of customer or employee confidence, or damage to market
reputation.
Procedural – Failures of accountability, internal systems, or controls, or from
fraud.
Project – Going over budget, taking too long on key tasks, or experiencing issues
with product or service quality.
Financial – Business failure, stock market fluctuations, interest rate changes, or
non-availability of funding.
Technical – Advances in technology, or from technical failure.
Natural – Weather, natural disasters, or disease.
Political – Changes in tax, public opinion, government policy, or foreign influence.
Structural – Dangerous chemicals, poor lighting, falling boxes, or any situation
where staff, products, or technology can be harmed.
Risk Control:
Dangers to Look Out for at the Park
Broken Glass. Even in relatively safe neighbour hoods, broken glass can be a
hazard.
Bugs. There are many types of critters to watch out for on playgrounds, such as
bees, German cockroaches, snakes, and other pests.
Unfamiliar Pets.
Bullies.
Risk Treatment:
Recreation and leisure service providers offer fabulous settings and activities for
all ages ranging from children to adults for the purpose of enjoying the outdoors,
relaxing, or reenergizing with a variety of leisure programming. The beacons of
any recreation and sport philosophy are fun and safety, as well as being
accessible to people from all walks of life. Recreation and leisure professionals in
the business of providing programs, services, and facilities know that their
clientele and the public in general expect these attributes. Yet risk is inherent in
all activities, meaning it occurs naturally as a part of the activity and cannot be
eliminated without changing the nature of the activity. Another perspective is that
risk creates the challenge and uncertainty of a recreation activity or sport contest
that participants find attractive, incentivizing them to participate.
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NAME: CAHILAP, AICA JUSTINE

MACRO PERSPECTIVE OF TOURISM AND HOSPITALITY

scenarios from occurring?

low categories to complicated algorithms to calculate risks at Nuclear power

stations and other high risk work locations.

from occurring? Use the template below.

A more disciplined process involves using checklists of potential risks and

potential risk on a project. Identifying the sources of risk by category is another

potential risks include the following:

Human – Illness, death, injury, or other loss of a key individual.

Operational – Disruption to supplies and operations, loss of access to essential

assets, or failures in distribution.

Reputational – Loss of customer or employee confidence, or damage to market

Procedural – Failures of accountability, internal systems, or controls, or from

with product or service quality.

Financial – Business failure, stock market fluctuations, interest rate changes, or

Technical – Advances in technology, or from technical failure.

Natural – Weather, natural disasters, or disease.

Structural – Dangerous chemicals, poor lighting, falling boxes, or any situation

where staff, products, or technology can be harmed.

Dangers to Look Out for at the Park

bees, German cockroaches, snakes, and other pests.

relaxing, or reenergizing with a variety of leisure programming. The beacons of

that participants find attractive, incentivizing them to participate.

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