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Manage Risk

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Monitoring report
Submission details Candidate’s name | Jingjing, Qian | Student no. | 140437 | Assessor’s name | Deyaco | Task no. | Task 3 | Subject | Manage risk | Assessment date/s | | Time/s | |

1. Plan
Manager’s travel risk – physical injuries/deaths – initially rated as extreme. Management meetings to finish 3:00pm.
Install teleconferencing.
Management training shift to morning half day sessions.
By-law Compliance risk – reputation loss and fines by council – initially rated as high. Apply for time to ‘make good’.
Policy and procedures to change work practices.
Install water saving devices such as native plants, tank, dual flush toilet systems, and 5 stars (WELS) dishwasher. Banking risk – theft of cash left on premises – initially rated as medium. Insurance on ‘cash on premises’.

Open an account with closest bank.
Policy and procedure requirement to bank daily.

2. Implementation
Manager’s travel risk – physical injury – initially rated as extreme. The weekly management meetings are finishing close to 3:00pm. The assistant management training has been shifted to the mornings allowing the manager to leave before 1:00PM. By-law Compliance risk – reputation/brand loss and fines – initially rated as high. An external audit was completed and presented to the board 6 months after settlement. The board and CEO included a new policy regarding compliance with the Toowoomba by-law on water conservation.

The dual flush toilets are ordered and in stock.
The 5 star rated (WELS) dishwasher was installed.
The application to make-good by Goldsmith Partners on behalf of MacVille, was accepted by the Toowoomba City Council. A water tank had been built in to the courtyard.
There is a weekly water usage monitor in the staff room
Banking risk – theft of cash left on premises - initially rate as medium. The financial controller had taken out $5,000 the insurance cover on cash held on premises overnight from the opening week as planned. The company bank account was opened about 4 weeks after opening at the bank two shops down the street. The training on daily banking has been successfully completed.

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