He also said that the toowoomba council water patrols

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He also said that the Toowoomba Council water patrols meant that it is likely that stores not complying with the by-law would be discovered.Senior management team meetingYou go back over your notes compiled with the senior management team and note the following.Further feedback from Paula included that the water compliance risk was one wheresignificant time and resources would be required and the Board would view it havingmoderate consequences for MacVille’s cafés in Queensland. She also indicated that whilethe Board views the risk of a serious accident unlikely, any potential risk that could result inthe death of an employee would have a catastrophic consequence. Manage Risk – BSBRSk501Innovation and Business Industry Skills Council Ltd, 1stEdition Version 1, 2015Page 35of 50
Brainstorming ideasLooking at the hierarchy of control, the senior management team were able to give you some good brainstorming ideas to pursue. These include the following.Installing native plants to cut down water use.Making it a company policy to bank every day and eliminate the need to carry overnight.Install a teleconferencing system.Install a water tank and reduce dependence on council water.Change banks to the nearer one to avoid the long walk.Install dual-flush toilets.Insure overnight cash holdings.Finish management meetings at 3.00pm.Introduce new processes on water use and conservation.Change assistant manager training times to the morning. Write new policy and procedures for water use in Toowoomba.Install a water-usage graph in the staff room.Give the manager an excusal letter allowing them to leave any meeting at no later than 3.00pm every day.Replace the dishwasher with one that has a 5–6 star (WELS) rating.Have Goldsmith Partners apply for time to ‘make good’.Manage Risk – BSBRSk501Innovation and Business Industry Skills Council Ltd, 1stEdition Version 1, 2015Page 36of 50
Appendix 3: Risk Management Action Plan TemplateRiskAssess riskControlsMonitoringAction priority(1–5)TimelinesResponsibleManage Risk – BSBRSk501Innovation and Business Industry Skills Council Ltd, 1stEdition Version 1, 2015Page 37of 50
RiskAssess riskControlsMonitoringAction priority(1–5)TimelinesResponsibleManage Risk – BSBRSk501Innovation and Business Industry Skills Council Ltd, 1stEdition Version 1, 2015Page 38of 50
Assessment Task 1Risk review report, email to stakeholders and meeting with CEOAssessment Task 2Risk analysis report, action plan and risk treatmentAssessment Task 3Monitoring reportTask 3: Monitor Risk and Evaluate ProcessesPerformance objectiveFor this task you are required to review the implementation of the risk management action plan you developed in Assessment Task 2 and prepare a monitoring report.

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