Risk Management Breakdown
Illustrate the market, pricing, product, and management risks as well as how you plan to overcome these risks.
Human Resource Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Staff member lodges harassment/bully claim against another staff member |
[e.g. …] |
|
Union takes all staff out on strike |
[e.g. …] |
|
Staff member fails to work within guidelines |
[e.g. …] |
|
Fraudulent behaviour of one of senior partners or management |
[e.g. …] |
|
Employee lodges unfair dismissal action |
[e.g. …] |
|
add more as needed |
Market Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Interest rates rise causing downturn in market conditions |
[e.g. …] |
|
Oversupply of xxx causes prices to drop |
[e.g. …] |
|
New competitor offering prices under our cost |
[e.g. …] |
|
add more as needed |
Production Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Critical machinery breaks down |
[e.g. …] |
|
Raw materials delayed |
[e.g. …] |
|
Power supply problems |
[e.g. …] |
|
add more as needed |
Financial Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Partner leaves exposing heavier debt burden on remaining owners |
[e.g. …] |
|
Bad debts increasing |
[e.g. …] |
|
Cost of goods increase dramatically |
[e.g. …] |
|
add more as needed |
Natural Disaster Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Flooding of business |
[e.g. …] |
|
Fire |
[e.g. …] |
|
add more as needed |
Management Related Risks
|
Risks |
Plan to manage/minimise/overcome them by |
|
Death of owner/partner |
[e.g. …] |
|
Fraudulent behaviour of one of senior partners or management |
[e.g. …] |
|
add more as needed |