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Risk identifier Category Description Cause Effect Loss of business Quality of products The meat store could lose business if the products they receive from the
Risk identifier Category Description Cause Effect Loss of business Quality of products The meat store could lose business if the products they receive from the third party are not up to the standards that their customers expect. This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. The effect would be that the meat store's customers would be disappointed and would go to another store that offers better quality meat. Recall of products Food safety The meat store could face a recall of their products if the meat they receive from the third party is contaminated. This could be caused by the third party not following proper food safety procedures, or by using meat that is not fit for human consumption. The effect would be that the meat store would have to recall their products, which would cost them money and damage their reputation. Lawsuits Legal liability The meat store could be sued if the meat they receive from the third party is contaminated and causes someone to get sick. This could be caused by the third party not following proper food safety procedures, or by using meat that is not fit for human consumption. The effect would be that the meat store would have to defend themselves in court, which would cost them money and damage their reputation. Bad publicity Public opinion The meat store could get bad publicity if the meat they receive from the third party is not up to the standards that their customers expect. This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. The effect would be that the meat store would get negative publicity, which could damage their reputation. Decrease in sales Sales The meat store could see a decrease in sales if the meat they receive from the third party is not up to the standards that their customers expect. This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. The effect would be that the meat store's customers would be disappointed and would go to another store that offers better quality meat.
Risk identifier | Category | Description | Cause | Effect |
Loss of business | Quality of products | The meat store could lose business if the products they receive from the third party are not up to the standards that their customers expect. | This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. | The effect would be that the meat store's customers would be disappointed and would go to another store that offers better quality meat. |
Recall of products | Food safety | The meat store could face a recall of their products if the meat they receive from the third party is contaminated. | This could be caused by the third party not following proper food safety procedures, or by using meat that is not fit for human consumption. | The effect would be that the meat store would have to recall their products, which would cost them money and damage their reputation. |
Lawsuits | Legal liability | The meat store could be sued if the meat they receive from the third party is contaminated and causes someone to get sick. | This could be caused by the third party not following proper food safety procedures, or by using meat that is not fit for human consumption. | The effect would be that the meat store would have to defend themselves in court, which would cost them money and damage their reputation. |
Bad publicity | Public opinion | The meat store could get bad publicity if the meat they receive from the third party is not up to the standards that their customers expect. | This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. | The effect would be that the meat store would get negative publicity, which could damage their reputation. |
Decrease in sales | Sales | The meat store could see a decrease in sales if the meat they receive from the third party is not up to the standards that their customers expect. | This could be caused by the third party not following the proper procedures for handling and storing the meat, or by providing meat that is of poor quality. | The effect would be that the meat store's customers would be disappointed and would go to another store that offers better quality meat. |
using the table above conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk?
show impact , rating and probability for each risk mentioned above
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