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Risk Assessment Report

Assignment Requirements
This assignment requires you to consider the risks to physical, non-physical, financial and
human assets at your venue (Shelbourne Hotel Main Bar).
You need to:
1. Develop and justify a Risk Assessment Structure (RAS). This should be designed based
on examples found in your research (the Study Guide contains one example (O’Donnell
1993), while Readings 6.2 and 6.5 should also be a useful starting point). Your RAS will
include a risk ranking system and must consider the unique features of your venue.
2. Using the RAS you have developed you need to complete a risk assessment that identifies
and analyses risks to the four categories of assets in your venue.
3. Provide an overview of the overall findings at your venue, pointing out one high
priority risk in each of the four categories. Explain and justify why each of these risks are
of a high priority to your venue.
4. Provide constructive recommendations, based on theory, which can easily be acted upon
by the venue management team, with regard to the four high priority risks identified.
Marking criteria
Format and presentation
• Immaculate sentence/paragraph structure, spelling, grammar, flow and report structure.
• Logical and easy to replicate assessment approach.
• Immaculate sentence/paragraph structure, spelling, grammar and flow.
Risk Assessment Report content
• Analysis of why risk management is of importance to the chosen venue.
• Rating system(s) described and justified.
• Seamless application of practical data on the framework to identify and analyse relevant
• Explanation and justification of high priority risks.
Evidence of breadth and depth of research
• The report uses a wide range of theoretical frameworks and has adapted several practical
• The report critically evaluates the usefulness, relevance and applicability of the theoretical
and practical sources used in relation to the case study venue.
• Linked to theory and coherent managerial actions.
• Relationship between case study data and report outcomes clear.
Correct referencing
• Accurate and consistent in-text referencing and reference list.
Risk Assessment Report
Risk Assessment Report Format:
• Executive summary
• Table of contents
• Introduction
• Conclusion
• Word count
Theoretical content / Literature review: Risk process & framework, and its application:
• Process, Principles and framework on which risk management is based
• Risk management approaches
• Primary & secondary risks
• Various stakeholders perspectives of risk acknowledged
• Analysis of importance to the venue
• Includes relevant elements for risk assessments
• Rating system(s) / Matrix and ranking
• Production of risk assessment form
• Risk factor Value – importance explained & practical application
• Easy to replicate
Importance of risk management to this property
• Identification of risks – at least one high priority risk in each category
• Analysis of the primary risk(s) with justification of why it is considered to be of high priority
• Secondary risks that may result from the primary risk
• Risk mapping – affect of the risk before and after
• Linked to theory, coherent managerial actions
• Practical, clear and acceptable to all stakeholders
• Reassessment of options/alternatives from Assignment 1
• Risk mitigation strategies and feasibility of implementation
Evidence of breadth and depth of research
• Uses a range of theoretical frameworks and adaption’s from various sources
• Critical evaluation of usefulness, relevance, and applicability
Correct Referencing
Accurate and consistent in-text referencing and reference list & Sentence structure, spelling, grammar & flow
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