Task 6 Risk AssessmentBSBSTR601 – Assessment Task 6 – Risk AssessmentTeamInn owners decided to build a new function and events room. The idea is to offer a more private space for their customers...

Task 6 Risk Assessment

BSBSTR601 – Assessment Task 6 – Risk Assessment

TeamInn owners decided to build a new function and events room. The idea is to offer a more private space for their customers to gather and celebrate important dates or having informal business meetings.

They are also thinking about hiring a full-time event and functions manager to look after all the bookings, ordering of food, beverages, equipment and decorations needed for each and every function.

Please remember that from the Case Study it was found that there is a Mexican restaurant around the corner, who are their direct competitor, and they are famous for their weekly "Mexicano Night" functions. 

The investment in building and maintaining this new function room is very high so TeamInn owners contacted Hawkeye Marketing to help them with the Risk Management of this organisational change.

As a Marketing Manager of Hawkeye Marketing you were tasked to analyse the risks involved in this project and to complete the

Risk Management Template.
















Task 6 Risk Management template.docx














Download Task 6 Risk Management template.docx

Please refer to the three (3) tables below to complete the document.

Task 6 Risk Assessment BSBSTR601 – Assessment Task 6 – Risk Assessment  TeamInn owners decided to build a new function and events room. The idea is to offer a more private space for their customers to gather and celebrate important dates or having informal business meetings.  They are also thinking about hiring a full-time event and functions manager to look after all the bookings, ordering of food, beverages, equipment and decorations needed for each and every function.  Please remember that from the Case Study it was found that there is a Mexican restaurant around the corner, who are their direct competitor, and they are famous for their weekly "Mexicano Night" functions.   The investment in building and maintaining this new function room is very high so TeamInn owners contacted Hawkeye Marketing to help them with the Risk Management of this organisational change.  As a Marketing Manager of Hawkeye Marketing you were tasked to analyse the risks involved in this project and to complete the   Risk Management Template.   Task 6 Risk Management template.docxDownload Task 6 Risk Management template.docx   Please refer to the three (3) tables below to complete the document.  Case Study 'La Alegria' La Alegria was recently purchased by TeamInn which is owned by four restaurateurs who are very experienced in the industry.  They own and run other restaurants in the area - a tourist area.  The owners’ experience, skills and knowledge were used to identify opportunities to differentiate their business in this very competitive industry. One of the new owners is a Michelin star rated chef, so the plan is to go upmarket and use all these knowledge and experience as a competitive advantage.    Though previously an established Spanish Restaurant and Takeaway, La Alegria will soon be fully refurbished with a new function and events room and it will also be fully licensed with a cocktail bar, imported wines and beers as well as fine cuisine. The owners agreed on a new contemporary Spanish food menu.    While refurbishments are being done, consultation meetings were conducted with staff members in order to get their feedback. Most of the existing La Alegria staff members are excited about the changes but Angela and Markus, valuable and long-term employees are having some difficulties assimilating and accepting the proposed changes to the process and wanted things to stay the same. Transition plans and techniques to overcome organisational changes barriers need to be in place.  There is a Mexican restaurant around the corner, and they do functions. This restaurant is a direct competitor to La Alegria and a risk assessment is worthwhile due to the high costs of building the events and functions room.  La Alegria owners contacted Hawkeye Marketing to get help with some challenges they have faced due to the innovative changes and all the processes involved in implementing them.   To achieve La Alegria goals successfully and to have a smooth transition between the old business model and the new one they have chosen you to make it happen.  Please see their organisational chart below:       There is a lot of work to be done in this business restructure.  Your tasks relate directly to this case study.  BSBSTR601 – Task 6 - RISK MANAGEMENT – RISK ASSESSMENT 1. Describe five (5) risks that could be associated to the new function room. 2. Be precise and detailed in your assessments of risks relating to the implementation of the new function room and consider ALL aspects – business; competitor; staffing; costs; marketing; equipment etc 3. Refer to Table 1 (Risk LIKELIHOOD and Risk CONSEQUENCE or IMPACT) to complete the IMPACT and LIKELIHOOD levels for each risk. 4. Refer to Table 2 (RISK SCORING MATRIX) for LEVEL of RISK scores and to Table 3 (ACTION REQUIRED) for the required actions for each. WHS RISK ASSESSMENT RISK IMPACT LIKELIHOOD LEVEL OF RISK REQUIRED ACTION Immediate action required to eliminate this risk Eg. Not using the function room as frequently as per plan (financial risk) 3 C H Discuss size of room and financial loss with senior management.