Coffeeville Case Study

Many types of risk are created – risk to the project, to the organization, to the employees involved and to the individuals supporting the change.

You are currently the assistant manager of their flagship store in Queen Street, Brisbane, and have been given the opportunity to manage the new store in Toowoomba. The CEO for MacVille’s cafes in Queensland is Paula

The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!

1. Identify potential risks associated with this project. Try to come up with at least five different risks. 2. Perform a risk assessment to analyze identified risks.

Identify a minimum of 10 project risks and when each will occur in the project life cycle, and then determine their impact and probability of occurrence.

At the end all the risk are finance related, because the liability’s cost money and this will have an effect in the company’s earnings, so what is important is not only to try to avoid such events but also to be prepare in case they happen and have a plan, is like the saying “Hope for the best but be prepare for the worst”.

Many risks are interrelated. Analyze the following compound risk: Unstable requirements with tight budget will likely cancel the project. Discuss the dependencies that exist between the two risks.

Create a professional report detailing the information above as an initial draft of the risk

non-conformance with the plan contingency plan Fraud Install surveillance equipments within the organization Devolved responsibilities Signed workplace staff responsibilities and accountability agreements Information security Limited access to the business information and data Reduction in client service Conduct marketing campaign On-going scrutiny by media Conduct the business networking with the media companies Breach of procedure Design the strict workplace staff separation and termination policies and procedures Employee relations All the employment contracts to be mutually signed and agreed upon Bushfires group life assurance Contamination All staffs have acquire the food preparation and processing certificates

Clearly faced with the prospect of warning letter and its issues, it is now imperative that the leadership develops actionable recommendations to avoid the mishaps which happened recently.

The template below can be utilized to create a risk register for the company of your choice. This template is NOT a required component of this assessment; however, it may be used to help you organize the information required for prompts A1-A4.

These circumstances have transpired and will continue to arise per the same culprits and will not improve till owners/CEOs and upper management are held legally responsible in civil and or criminal court (contingent on grievances and negligence and or unlawful transgression).

With these risks identifications and solutions, we recommend your company on whether they should retain, transfer, finance or avoid the risk depending on severity and frequency. We would like to thank PYB again for the opportunity to conduct this thorough risk audit for your astounding company. We believe that with our implemented strategies and techniques, PYB will be at the forefront of risk management programs in their industry.

The failure to supervise Chen for a whole year can be corrected by ensuring that the company has executive and CEO meeting regularly so that important decisions on

* Cost inflation may increase operating costs due to growth in payroll, property & other costs. This is regularly monitored & a suitable solution is implemented if necessary.