PART 2: ANALYSE RISKS: 20 Marks Your CEO advised you to go through your current workplace vision, mission, goals and/or values and various departmental objectives and tactics. Review your observation; you have identified the following key problems: i. Lack of internal controls, particularly over cash handling, monitoring and recording. ii. Failure to meet compliance standards in duty of care and WHS, Privacy and confidentiality, Freedom of Information, environment law, reasonable adjustment for newly appointed disable staff and Industrial relations law. iii. Due to poor implementation of contract law, lack of written policy and procedures to guide staff in performing their job duties. iv. Lack of a professional business culture in the family run business. v. Failure of the business to monitor the external environment and align opportunities and threats to the business. Use the similar context to answer this part: Identify Risks and Analyse Risks Identify the relevant parties from three levels of management in your organisation or an imaginary workplace and define appropriate risks associated with the business. You further analyse and explain which specific tools and techniques you recommend is the most suitable for consultation engagement with relevant parties. Risk Relevant Parties Levels of Management Based on your previous responses, answer following questions: Various Risks Likelihood Consequences (1.1, 1.2) 3.1 3.2