Final Finished Assessment Task 3BSBRSK501B Manage Risk
Assessment Task 3 BSBRSK501B Manage risk
Evaluation of risk management plan
Plan should include:
a.
Banking risk –theft of cash left on premises –initially rated as moderate.
i. Insurance on ‘cash on premises’. ii.Open an account with closest bank. iii.Policy and procedure requirement to bank daily.
b.
Manager’s travel risk –physical injury –initially rated as extreme.
i.Management meetings to finish 3:00pm. ii.Install teleconferencing. iii.Management training shift to morning half day sessions. c .By-law Compliance risk –reputation/brand loss and fines –initially rated as high.
i.Apply for time to ‘make good’. ii.Policy and procedures to change work practices. iii.Install water saving devices such as native plants, tank, dual flush toilet systems, 5-6 star (WELS) dishwasher.
Implementation should include: a Banking risk –theft of cash left on premises.
i.The financial controller had taken out $5,000 the insurance cover on cash held on premises overnight from the opening week as planned. ii.The company bank account was opened about 4 weeks opening at the bank two shops down the street. iii.The training on daily banking has been successfully completed.
b.Manager’s travel risk –physical injury –initially rated as extreme.
i. The weekly management meetings are finishing close to 3:00pm.ii.The assistant management training has been shifted to the mornings allowing the manager to leave before 1:00PM.
d.By-law Compliance risk –reputation/brand loss and fines –initially rated as high.
I .An external audit was completed and presented to the board 6 months after settlement. ii.The board and CEO included a new policy regarding compliance with the Toowoomba by-law on water conservation. iii.The plants have been changed to natives.
Iv.The dual flush toilets are ordered and in stock.
v.The 5 star rated (WELS) dishwasher was installed. vi.The application to make-good by Goldsmith Partners on behalf of MacVille, was accepted by the Toowoomba City Council. vii. There has
Evaluation of risk management plan
Plan should include:
a.
Banking risk –theft of cash left on premises –initially rated as moderate.
i. Insurance on ‘cash on premises’. ii.Open an account with closest bank. iii.Policy and procedure requirement to bank daily.
b.
Manager’s travel risk –physical injury –initially rated as extreme.
i.Management meetings to finish 3:00pm. ii.Install teleconferencing. iii.Management training shift to morning half day sessions. c .By-law Compliance risk –reputation/brand loss and fines –initially rated as high.
i.Apply for time to ‘make good’. ii.Policy and procedures to change work practices. iii.Install water saving devices such as native plants, tank, dual flush toilet systems, 5-6 star (WELS) dishwasher.
Implementation should include: a Banking risk –theft of cash left on premises.
i.The financial controller had taken out $5,000 the insurance cover on cash held on premises overnight from the opening week as planned. ii.The company bank account was opened about 4 weeks opening at the bank two shops down the street. iii.The training on daily banking has been successfully completed.
b.Manager’s travel risk –physical injury –initially rated as extreme.
i. The weekly management meetings are finishing close to 3:00pm.ii.The assistant management training has been shifted to the mornings allowing the manager to leave before 1:00PM.
d.By-law Compliance risk –reputation/brand loss and fines –initially rated as high.
I .An external audit was completed and presented to the board 6 months after settlement. ii.The board and CEO included a new policy regarding compliance with the Toowoomba by-law on water conservation. iii.The plants have been changed to natives.
Iv.The dual flush toilets are ordered and in stock.
v.The 5 star rated (WELS) dishwasher was installed. vi.The application to make-good by Goldsmith Partners on behalf of MacVille, was accepted by the Toowoomba City Council. vii. There has