Agree action plans and allocate resources

Raiza Brumat

BSBRSK501 Manage Risk

● Policies and procedures: A series of policies underpin the internal control process

● Reporting: Decisions to rectify problems are made at regular meetings of the senior management team

The McVille’s current risk assessment framework follows the guidelines of the AS/NZS ISO 31000:2009. McVille has a procedure for risk management, with a set order which contains the elements of certainty, structure, information tailoring, transparency, dynamicness and taking into account the cultural environment. But it could include more content about:
policies and procedures, he is not described about the need to recognize the contribution of people and cultures in the company. MacVille Risk management needs to be integrated with an agency’s governance framework and become a part of its planning processes, at both the operational and strategic level. The source of information should be current, reliable, updated according with the Standards of AS/NZS ISO 31000:2009.

B. Scope

● Review other statistical information and engage specialists to help in the investigation.

Talk to the landlord, Ron Langford, to have his assistance in getting established in Toowoomba.

● Keep the staffs of the previous coffee shop and be clear about their role and responsibilities

● Make sure to complain standards in WHS, Privacy and Laws.

D. Stakeholders

● Ron spoke about a current by-law that is due for implementation on the first of next month, which will allow cafés to expand their footpath dining and so put more tables and chairs outside their premises.

ECONOMIC

● Possibility to update the par-bake cooking system

● Possibility to install Wi-Fi in premise

Bureau of statistics and the Queensland government website.

https://economy.id.com.au/toowoomba

● There are no policies or procedures to follow, as it is all done verbally.

● OHS elements with unstable, broken chairs in use and worn carpet tapped over could be a

● Failing to meet standard security measures, as the computer was not password protected and

anyone could access information on all the store’s employee details, and financial records.

because of the distance. Due to this, we would not be meeting our companies quality of

products that is expected of our brand.

● Incomplete or missing employment records can lead to government penalties and also affect the

brand.

● When depositing money, the travel is far more than required, when dealing with the large

amount of cash.

● No double checking or standard recording system in place as not all the takings from the cash

register were recorded.

HR management:

● Authorization system not clearly defined, which could lead to misappropriation of funds and/or