RISK ASSESSMENT Every company experiences losses and is expected to expose in different risk. This part identified the different risk/loss exposure of the Zillion Builders Pavilion. Giving importance to the risk identification, this involves the risks or threats that were found and are likely to affect the firm. In addition, the analysis and evaluation of the identified risk/loss measures the frequency and the severity of the risk of Zillion Builders Pavilion. The analysis is determined by how the identified risk may affect the Zillion Builders Pavilion.
Risk Management Matrix
IDENTIFIED RISK/ LOSS LOSS FREQUENCY LOSS SEVERITY APPROPRIATE RISK MANAGEMENT TECHNIQUE
CHOOSING THEIR WALK – IN CUSTOMERS HIGH MODERATE LOSS PREVENTION
BEING UNPOPULAR IN LOCAL AREAS LOW LOW LOSS PREVENTION – RETENTION
LACK OF EMPLOYEES HIGH MODERATE LOSS REDUCTION – LOSS PREVENTION
NO DAYTIME SECURITY GUARD MEDIUM SEVERE LOSS PREVENTION – RETENTION
POOR LOCATION MEDIUM SEVERE LOSS REDUCTION
LACK OF INFORMATION HIGH MODERATE LOSS PREVENTION
LACK OF ADVERTISEMENT MEDIUM NONE LOSS PREVENTION
PRONE TO CALAMITIES MEDIUM MODERATE LOSS PREVENTION – RETENTION
LIMITED ROOMS HIGH MODERATE LOSS REDUCTION
LIMITED EVENT CENTRE/ FUNCTION HALL HIGH MODERATE LOSS REDUCTION
Poor FACILITIES MEDIUM MODERATE LOSS PREVENTION
OFFICE STAFF THAT ARE UNDISCIPLINED HIGH SEVERE AVOIDANCE
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As the firm practicing the “Anti - Prostitution” on their company, this may be a quite loss for them as more walk in customers are visiting their practical hotel. Some of their customers are rejected by the firm because sometimes they cannot accommodate more customers and travellers on the spot because they prioritize those who have a reservation, while they also reject some of their customers because they believe that it is a must to prioritize the family get-together than the unpleasant activities of