Assignment
Aim:
The aim of this assessment is to demonstrate an understanding of Risk Management Plans in the context of ‘live' Hospitality venues. Students will have to consider compliance and legislative issues as well as concerns regarding practical implementation and related consequences. Primarily, the students' attention should be on the development of a Risk Management Plan that promotes compliance and best practice in a practical environment.
The Plan will provide the opportunity for students to apply their knowledge of compliance and risk management in the context of the hospitality industry.
Assessment brief:
Each student is required to do the following:
- Identify an area of risk management that relates specifically to the hospitality Industry. Eg: Finance, Taxation, OH&S, Licence Compliance, HR Management, IT systems etc
- Detail how a business would assess this risk and clarify the consequences of ignoring this risk.
- Discuss how the business would need to act in order to counteract this risk, including the benefits of implementing a risk management plan in these circumstances.
- Outline the Risk Management Plan, detailing how and where control, decision making and intervention is implemented.
- What are the major concerns with this plan?
Risk Management Plan
Your task is to establish ‘risk' in a ‘live' hospitality venue and develop a Risk Management Plan to contend with one of the areas identified. Outline the degree of risk, how and where it may be controlled, and how and where decision and intervention could be implemented. You may choose to include appendices, and all work must be fully referenced.