3.RISK IDENTIFICATION & ANALYSIS

• A thorough listing of all risks the operation potentially faces; include aspects from bodily, material, financial, and emotional types of risk.Also include the concepts of inherent/perceived risks.
• An in-depth analysis of the risks faced utilizing the equation RISK = PROBABILITY X CONSEQUENCE.This can be in the form of a chart.
• The chart should have four columns (hazard, frequency, severity, rating). Each column should have a scale/justification to rate it's scoring system. The Chart should identify at least 15 distinct hazards.
• Evaluate each hazard in relation to probability (frequency) and consequences (severity of loss) - i.e give a score!
• Try to be comprehensive and avoid focusing on one type of hazard.Categories of hazards also work.
• The end result of this section is that risks should have been identified and analyzed - so you can decide how to mitigate them.

4. RISK CONTROL

• This is a discussion about mitigation, set out how you would approach dealing with each hazard.
• State whether and to what extent you would avoid exposure to that risk and/or how you would reduce the severity for a potential accident.Apply the concepts of risk control (exposure avoidance/loss reduction) to mitigate all the risks you have identified.These measures may be preventative or control oriented.
• It's not enough to say you are going to minimize risk - you must show how!
• You may be referring to tools that are in the forms/appendices section - so in that case it's effective to refer to that section.
• The end result of this section is that readers should be able to see how you have controlled the risks identified.

5.RISK FINANCING

• This is a further discussion about mitigation
• This involves financing risks remaining after you have applied RISK CONTROL
• RISK RETENTION is the retention of risk that cannot be prevented with risk control or risk transfer
• RISK TRANSFER TO INSURANCE such as fire, theft, medical, liability etc.
• RISK TRANSFER VIA CONTRACT is the use of contracts to transfer the risk of certain types of losses. This could be a third party, or a client. Eg. Rental agreements, waivers, worker contracts
• RISK TRANSFER VIA VOLENTI is a way to transfer risk of losses to clients by making them aware of risks and agree to participate and assume the risks. Eg. Pretrip information, marketing materials, warnings and waivers.

All of these question for McDonalds restaurant