You own a small home-based business for catering and delivery to the local market.
1. Develop a 3-phase risk management framework/cycle for your business as follows:
Phase 1: Describe in detail…

Major risk 1: full description…

Method of risk identification: elaborate clearly…

Major risk 2: full description…

Method of risk identification: elaborate clearly…

Phase 2: Describe in detail…

Major risk 1:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Major risk 2:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Phase 3: Describe in detail…

Risk 1 mitigation tactic:
Why did you choose this mitigation tactic? …

Risk 2 mitigation tactic:
Why did you choose this mitigation tactic?

Answer rating: 100% (QA)

Answer ABC CATERING SERVICES Stage 1 Significant risk 1 Foodborne illnesses This is a significant risk for everybody associated with the food business ... View the full answer