Evaluation of Risk Management Plan - Macville

1. Plan
Manager’s travel risk – physical injuries/deaths – initially rated as extreme.
 Management meetings to finish 3:00pm.
 Install teleconferencing.
 Management training shift to morning half day sessions.
By-law Compliance risk – reputation loss and fines by council – initially rated as high.
 Apply for time to ‘make good’.
 Policy and procedures to change work practices.
 Install water saving devices such as native plants, tank, dual flush toilet systems, and 5 stars (WELS) dishwasher.
Banking risk – theft of cash left on premises – initially rated as medium.
 Insurance on ‘cash on premises’.
 Open an account with closest bank.
 Policy and procedure requirement to bank daily.

2. Implementation
Manager’s travel risk – physical injury – initially rated as extreme.
 The weekly management meetings are finishing close to 3:00pm.
 The assistant management training has been shifted to the mornings allowing the manager to leave before 1:00PM.
By-law Compliance risk – reputation/brand loss and fines – initially rated as high.
 An external audit was completed and presented to the board 6 months after settlement.
 The board and CEO included a new policy regarding compliance with the
 Toowoomba by-law on water conservation.
 The dual flush toilets are ordered and in stock.
 The 5 star rated (WELS) dishwasher was installed.
 The application to make-good by Goldsmith Partners on behalf of MacVille, was accepted by the Toowoomba City Council.
 A water tank had been built in to the courtyard.
 There is a weekly water usage monitor in the staff room
Banking risk – theft of cash left on premises - initially rate as medium.
 The financial controller had taken out $5,000 the insurance cover on cash held on premises overnight from the opening week as planned.
 The company bank account was opened about 4 weeks after opening at the bank two shops down the street.
 The training on daily banking has been successfully completed.