Your work needs to be presented as a business report (prepared for the Chair of Source). Use the...

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Your work needs to be presented as a business report (prepared for the Chair of Source). Use the business report structure provided separately. Consider three different risk categories, one of which will be operational risk and one will be social/environmental risks. Some of the content from the later unit modules will be relevant for this assessment. A different but similar marking rubric to the last assessment will be provided separately. A contribution table will be provided separately.BFA522 Capstone Assignment 2017  Report Structure Required Business Report Structure for Individual Capstone Assessment: Undertake a Risk Management Process for Source 1. TSBE Individual assignment cover sheet  2. Title page (which is different to an assignment cover sheet): include the name of the recipient of the report and business name in full, consultant’s name (as preparer of business report), title of report (Risk Analysis for Source) and date. No student or unit details. 3. Executive summary (in no more than one page), explain the purpose of the report, the report’s recipient, the method of data collection and analysis used, the conclusions reached and recommendations for the organisation, based on the investigation results and the requirements of the report. 4. Table of contents; must be generated automatically through Word. See instructions at: http://shaunakelly.com/word/numbering/tableofcontents.html  5. Introduction: An introduction is different to an abstract. Briefly mention the report’s recipient, its preparer, and the aim and purpose of the investigation (see heading at top of page). Start page numbering from page 1 from the start of the introduction. Write in third person for your report.  For information from Griffith University about how to write in third person, go to: https://sites.google.com/a/griffith.edu.au/redbook/more/tips-for-writing/writing-in-the-third-person 6. The body of the report, divided into subsections with a heading for each.  Do not call any of this section “body”.  Include your tables and schedules to support your analysis.  Refer to each table as “Table 1”, or “Table 2”, and so on, and mention the table by number within the text of the report. State any sources as a citation with a matching reference in a list of references. Separate your analysis and results.  7. Conclusion: The conclusion will link the results of the investigation set out in the body to the business report’s purpose.  8. Recommendation: Separate the conclusions from the recommendations; each has a different purpose. Write clear recommendation/s for the organisation. 9. References: Set out in Harvard style.  A web address alone is not a full reference; include where to access the electronic site and date it was available . Note: All parts of the individual assignment submission are included in the word limit, with the exception of the School cover page and the group contribution summary. The group context statement will be submitted to a different folder, and is not included within the individual word limit. However the group context statement as submitted is limited to 1000 words. It does not need to be set out in report format. The work limit for the group context statement includes all parts, except for the group cover sheet. 1   BSA201 Principles of Systems BFA522 Risk Management Semester 2, 2017     1  Assessment 3; Capstone Assessment Marking Scheme  The Capstone Assignment will be assessed using the criteria below to indicate the major areas of assessment, the proportion of the total marks  allocated for each and the standards expected within those areas. The group contribution table will also be used to adjust the mark for a team  member’s individual achievement of the criteria, where necessary.  Assessment  Criteria  Poor

David · Accepted Answer

Student Name:
Risk Assessment
Executive summary
Risk assessment may be construed to be one of the most significant and success critical exercises by the management. The instant report deals with a real-world case study of risk assessment of Source Community Wholefoods Co-operative Limited. At the outset of the study, the report provides an overview of the organisation along with the definition of various types of risks and the risk assessment plan of the firm. Subsequently, the report provides a detailed assessment of potential risks relevant to the company and their corresponding impact along with the treatment of those risks. It may be noted that the purpose of the report is to present a risk management plan for the firm. As a result, the management and the stakeholders of the business may be termed to be the recipients group of this report. Random sampling method has been used to collect data for the purpose of analysis. Lastly, the report provides a recommendation as to the financial instability and also the governance related issues of the business and wraps up the discussion by way of concluding note.
Table of Contents
1.0 Introduction	3
1.1 Background and Scope	3
1.2 Organisational Details	3
2.0 Definition of Risks	5
3.0 Stakeholders in Risk Management Plan	6
4.0 Risks Identification	7
5.0 Assessment of Potential Risks	8
6.0 Evaluation and Treatment of Potential Risks	11
7.0 Risk Action Plan	12
8.0 Conclusion	13
9.0 Recommendation	14
References	15
Appendices	16
1.0 Introduction
Risk assessment may be considered to be one of the most success critical responsibilities of management of a business organization. The management of a business must identify the business areas where the potential risk may generate. Based on the identification, an assessment of risk by way of evaluation of the impact of risks on the occurrence and also the likelihood must be recognized. Such recognition helps the management and also the owners of the firm to classify the business risks under different heads and make the business decision accordingly so that the operational flow does not get hampered and in the case of occurrence of risks, a sufficiently effective risk mitigation plan exists.
1.1 Background and Scope
The present report focuses on the process of risk identification for a business organisation and also its related impact and utilities to the firm. For the purpose of the instant study, an organisation called "Source Community Wholefoods Co-operative Limited" has been considered as a case study. Last few year's annual report and activity reports of the organisation have been considered to be the source documents where the risk assessment related data and information are extracted from.  As a result, it is needless to mention that the scope of the study is limited to the study of the annual reports and other publicly available information about the business.
1.2 Organisational Details
Source Community Wholefoods Co-operative Limited (hereinafter referred to as “Source”) is a non-profit organisation involved primarily in the services of providing foods to the communities in Australia (Sourcewholefoods 2017). The business provides services that include the following:
· Organic food cooperative – involved in the services of providing organic foods at affordable prices with minimal packaging and superior quality. Such co-operative is situated on the campus of the University of Tasmania. 
· Community garden – involved in the providing leisure services with garden facility along with gas, stove, oven, orchards, and woods.
The Source was established in the year 2005 by few students and few community members. Gradually, the organisation has grown and spread its arm across the nation. The mission of the Source is to create food sustainability across the country with an utmost focus on community welfare and environmental development. 
2.0 Definition of Risks
The process of risk assessment requires understanding the nature of risk. In other words, the term “risk” needs to be defined along with its scope and significance with reference to a business operation. Risk denotes uncertainty and impact due to the occurrence of such uncertain events. The risk may be defined to be potential gain or loss in the context of a business firm (Chance and Brooks, 2015). A risky situation might turn to be favorable or unfavourable for the firm. However, the management needs to identify the risk elements, assess its impact and devise necessary mitigation plan accordingly. It is needles to mention that such assessment process is a continuous process and needs to be updated with the passage of time (Lam, 2014).  It may be construed that the business objective holds the ultimate importance in terms of goals and targets as set by the management as part of their Key Performance Indicators (KPIs). Any contingencies or unforeseen circumstances that may have an impact (adverse or constructive) on the objectives of the business must be taken care of by the management well in advance (McNeil et al. 2015). Such unknown variables and events may be termed as risks for the business. There are few more terms which may also be defined along with the risk. These terminologies have evolved as part of the risk assessment procedures (Rasmussen, 1997).
· Risk management: It is the process of identification of risks, assessment of the impact of risks, evaluation of the likelihood of occurrence of risks and designing of risk mitigation plan accordingly.
· Risk Reduction: It is the process of reducing the impact of risks on occurrence by way of adopting appropriate risk mitigation strategies. 
· Risk Avoidance:

BFA522 Capstone Assignment 2017 Report Structure Required Business Report Structure for Individual Capstone Assessment: Undertake a Risk Management Process for Source 1. TSBE Individual assignment...

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