Develop and justify a Risk Assessment Structure: the risk assessment process and framework should be designed based on examples found in your research – the lecture notes contain an example of a flow-chart of risk identification and treatment (O’Donnell 1

Task Description:

In not more than 3,000 words, you are required to: show the various risks you have found under each category. Discuss in detail one high priority risk found in each category. The Risk Factor Value (RFV) will help you justify this. Show how and why it is a risk and how it affects the various stakeholders. Tables may assist you with meeting the permissible word-count.

1. Develop and justify a Risk Assessment Structure: the risk assessment process and framework should be designed based on examples found in your research – the lecture notes contain an example of a flow-chart of risk identification and treatment (O’Donnell 1993).

2. Your report is to be based on the Risk management Framework of ASNZS / ISO 31000 – the risk identification process, risk analysis, risk control and risk response.

3. Discuss the various risk management approaches and state the rationale behind the best approach for your venue

4. Discuss the primary & secondary risks in each category (see a sample table provided in the workbook).

5. you may find that developing a risk matrix as a tool will assist with your justifications. All rating systems must be logical and unambiguous.

6. Develop a logical (and completed) Risk Assessment form for your venue (see sample in the workbook).

7. Provide constructive recommendations, based on theory that can easily be acted upon by the venue management team, with regard to the four high priority risks identified. Your recommendations must be logical, feasible, practical and acceptable to all the major stakeholders

Possible Solution

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