Supply chain risk impractical to deliver fresh pastry

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Supply chain risk - Impractical to deliver fresh pastry from the company´s central bakery plant in timely manner – brand loss, quality service loss - Supply of company branded supplies – brand loss Local governance and compliance risk - Water use – company could be fined – reputation/brand loss - Incomplete employment records – unions could sue – government penalties – reputation/brand loss, $50,000 fine Manage Risk – BSBRSk501 Innovation and Business Industry Skills Council Ltd, 1 st Edition Version 1, 2015 Page 14 of 52
- Confidentially of records not guaranteed – privacy law breach c. discuss how you can communicate with stakeholders about the risk management processes in this scenario and invite them to participate in discussions to further identify risks associated with the scenario - Asking the stakeholders for their feedback regarding the current status of risks management and what else the team needs to consider when addressing the risks associated with MacVille Café opening a store in Queensland. d. obtain the CEO’s support for ongoing risk management activities 7. In dot-point form, summarise your discussion with the CEO. This should include any recommendations they made to you. Script: -Discussed about findings, particularly his understanding of the critical success factors and goals; -Explained the MacVille risk management processes -Discussed how we can communicate with stakeholders about the risk management processes in this -scenario and invite them to participate in discussions to further identify risks associated with the scenario -Obtained the CEO´s support for ongoing risk management activities -The boarder asked for a monthly reporting -We agreed to do an external audit 8. Submit the required documents for assessment as per the specifications below. Be sure to keep a copy for your records. *Already provided above as a simulation of the whole meeting Specifications You must provide: a risk review report, including a completed table of stakeholders email communication to stakeholders summary notes from your meeting with the CEO. Your assessor will be looking for evidence of: Manage Risk – BSBRSk501 Innovation and Business Industry Skills Council Ltd, 1 st Edition Version 1, 2015 Page 15 of 52
reading skills to gather, review, interpret and analyse text-based business information from a range of sources written and oral communication skills to organise and deliver information to effectively communicate risk management processes to a range of stakeholders numeracy skills to interpret mathematical data when reviewing and analysing scenario business information ability to work independently as well as collaboratively to make decisions about risk management ability to interact with others using appropriate conventions when communicating to, and consulting with, stakeholders ability to sequence and schedule activities and manage communication ability to analyse relevant information to identify scope, goals and objectives and to evaluate options

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