Risk

Management Plan
UCHRAL SARUUL. AAC190090 BSBRSK501
COMPANY PROFILE

 Products and service:

 Name of the Company: HOMETIME
 Location: Adelaide, Auckland, Brisbane, Byron Bay, Cairns, Gold Coast,
Melbourne, Sunshine Coast, and Sydney
 Nature of business: delivery a personalized five-star Airbnb experience,
HOMETIME goes above and beyond for every host and guest
 Annual gross income: 100.000$-150.000$
 Number of employees: 50
COMPANY GOAL

 To continue being top of cleaning company in Airbnb service.

 To expand the business by all over the place in Australia
 To provide high quality cleaning
OUR STAKEHOLDERS

 Internal stakeholders:
 CEO/owners
 Directors
 Managers
 Employees
 Shareholders
 External stakeholders:
 Customers
 Suppliers
 Investors
 Creditors
 Regulators
 identify and list the risks for HOMETIME
Action items Person responsible Date Discussion and points
1)The risk management Risk manager 24.4.20 Risk management system: the existing method of risk management usually involves tasks including defining,
process of your chosen receiving, evaluating, analysing, minimising and tracking risk.
organisation * Identification-Risk evaluation process identifies and prioritises the risks to a company
* Risk origins-they are tracked back to root causes once priority risks have been established *
* Assessment-simple and clear technique-risk or rating, exposure statements and cost analysis, sensitivity analysis,
stress testing, etc.
* Evaluation – The first decision by the organisation, based on an evaluation, is to accept or reject a risk.
* Monitoring- models, risk analysis and web-enabled technology allow for the compilation of risk information
using common data components to promote the establishment of a dashboard for risk management.

2) Discussion on risks Project sponsors, team 25.4.20 Subject to risks:

identification manager external:
• Customers: chance of higher prices and poor quality consumer products
• Supervisors: the possibility that payments due are not received
• Lenders: non-payment risk
• Investors: risk of loan reimbursement
• Regulators: chance of regulatory change

Internal:

• Owner: for owner or CEO, an unnecessary cost or loss is the main issue of risk.
• Directors: risk of mismanagement of project activities
• Managers: the possibility of team members becoming unable or losing control.
• Staff: chance of misunderstanding of the position of the workforce
• Shareholders: financial risk or unfair treatment.
 Risk likelihood Consequences Treatment Priority
Risk of Possible Major Encourage and 2
reduction in inspire workers
employee to engage and
morality and provide them
productivity. with training in
decision taking
when necessary.

Risk
management Risk of injury at Very likely Moderate Establishing a 3
workplace WHS strategy
plan: and
WHS
delivering
quality
instruction for
employees.

Risk of decrease Very likely Major Step up sales, 1

in sales train sales people
and introduce
new products..
Treatment Actions required for Responsible person Deadline Review Communication method.
implementation treatment date
Encourage, motivate and involve employees Treat the risk: HR manager 1 week 15 days Face to face meeting or group meeting and
in decision-making. Providing them training and imparting training online.
counseling

Establish a WHS strategy and offer WHS Treat the risk: WHS manager 1 week 15 days Posters, sign bords, putting instructions as
quality instruction to employees. Putting sign boards, providing wallpaper on desktop.
instructions to worker
Take steps in order to increase sales, train Treat the risk: Sales manager and 4 days 10 days Face to face training.
sales personnel and introduce new products. HR manager
Providing training to sales force
 Implementation plan: For treating risk:
• Set the goals • Be proactive at all times
• Stakeholder consultation • Competitors and analysis of the market
• Estimation of necessary costs and • To carry out cost-benefit analysis and
resources analysis
• Check the goals • Train employees to eliminate shortcomings
• Roles and responsibilities are allocated
• Prepare the activity schedule.
• Financial plan production
• Identify the necessary changes
• Make the modifications
THANK YOU FOR
THE LISTENING