Risk Identification: Under this step, the organization identifies the potential risk which might affect the project on Apollo food industry berhad. Which are

1. Labour Shortages

2. Fluctuation of Raw Materials Prices

3. Fluctuation of Foreign Currency Exchange Rate

4. Changes in Consumers Preferences

5. Quality of the Products

As a manager complete the task below according to the risk identification

Impact Assessment: Once the identification of risks is completed, the organization quantifies the level of significance of the potential risk. The potential risk may be a low, medium, or high-level influencer. The acceptance or rejection of a potential project is based on the step of the assessment.

Risk Mitigation: After the assessment, the organization tries to mitigate the risk. The mitigation process includes the steps to minimize the adverse effects of the involved risks. It is the process of prioritizing the highest influencing risks and developing plans to reduce them through risk controls.

Implementation of Action: After risk mitigation, the next step is to implement the actions decided in the potential investment.