You are required to develop a risk management plan for a company of your choice, or for an area of the Registered Training Organisation in which you are studying. Your risk management plan must include:

• a detailed stakeholder analysis;
• explanation of the risk context;
• critical success factors; Needs table with columns Scope, Set Goal and KPI ( 2 points will be sufficient)
• identified and analysed risks;
• treatments for prioritised risk;
• details of the monitoring arrangements; and
• an evaluation of the risk managements plan efficiency in treating risks
• SWOT analysis
• PEST analysis
• all required forms for implementation within a workplace (to be developed by you)

Your evaluation of risks must include

• considering the likelihood of the risk occurring
• considering the impact of the risk
• determining which risks are most significant and are therefore priorities for treatment

Your action plans should include

• what actions are required

time lines

who is taking responsibility

monitoring processes

Your risks may include those relating to:

• commercial relationships

human behaviour

economic circumstances and scenarios

individual activities

legislation

management activities and controls

natural events

political circumstances

technology

To perform this task, you will be required to submit a written risk management plan. Do your research. Find out what the business does, how it operates, and investigate the industry as a whole.

You are to submit the following evidence / perform the following tasks

• Develop and submit a written risk management plan as outlined above
• Include your stakeholder analysis

If anyone can provide the detailed answer that would be really helpful. Keeping in mind any easy going company related - cafe or restaurant.