Manage Risk

Likelihood

Consequences

Priorities

Options

Banking risk

Possible/likely

Minor/Major

High

Policy to bank every day

Change bank to a closer

Take out Insurance for cash on premises.

Travel risk

Unlikely

Catastrophic

Extreme

Use Video Conferencing

Allow for overnight stay in Brisbane.

Catch planer public transport

Finish management meetings at 3pm

Change assistant management times to the morning

By Law Compliance risk

Likely

Minor/Minor

High

Install a water tank for store use and native plan

introduce water saving devices dual flies toilet, 5/6 star rated dishwasher

Risk

Assess Risk

(L,M,H,E)

Controls

Monitoring

Timelines

Responsible

Banking risk

Moderate

1. Policy to bank every day

2. Change bank to a closer

3. Take out Insurance for cash on premises.

Store Management Premises

Regular staff training on policy and procedures

Head office check of banking records

1. Pre-settlement

2. Pre-settlement

3. Pre-settlement

1. Financial Controller

2. Financial Controller

3. Financial Controller

Travel Risk

Low Risk

1. Use Video Conferencing

2. Allow for overnight stay in Brisbane.

3. Catch plane or public transport

4. Finish management meetings at 3pm

5. Change assistant management times to the morning

6. Give the manager an excusal letter allowing them to leave any meeting at no later then 3pm every day.

1. Toowoomba manager CEO authorised letter to leave at 3 pm

4. CEO supervision

5. Self monitoring by the manager

1. Opening Week

2. Opening Week

3. Opening Week

4. Within 3 Months

5. Within 3 Months

6. Opening Week

1. CEO and Board

2. CEO

3. CEO Store Manager

4. CEO and Board Store Manager

5. CEO Store Manager

6. CEO Store Manager

By Law Compliance

High

1. Install a water tank for store use and native plants

2. introduce water saving devices dual flash toilet and 5/6 star rated dishwasher

3. Install a water usage graph in the staff room.

4. Write a new...