Scenario Endurance Group is a group of CrossFit gyms, called CrossFit Endurance, in the Brisbane CBD and inner south of Brisbane. Their gyms are: CrossFit Endurance Brisbane CBD CrossFit Endurance Fortitude Valley CrossFit Endurance Indooroopilly The organisation has recently had successes in introducing new programs, which has encouraged the management to plan some more initiatives to increase their turnover by 30% in the next financial year. These ambitious plans to diversify their offerings are detailed in the Business Plan extract provided in Appendix A. One of these is the prospect of opening up their facilities round the clock and all days of the week (24/7). In recent years there has been a significant increase in the number of fitness businesses delivering services in an unsupervised environment. The main advantage is that offering a 24/7 open facility acts as a great retention tool for existing members. It also attracts busy professionals who may wish to use the facilities for low impact exercise at their own convenience. It is a good opportunity to monetise the existing facilities and equipment. It will also project an image of CrossFit Endurance as accessible. Like with any other project, the company will need to conduct appropriate risk analysis before it takes any steps in this direction, as the business will faces risks across various contexts, such as human resources, financial, organisational, internal and external, etc. If the company decides to go ahead with this project, the Indooroopilly centre will be selected for trial. You are the Centre Manager of the Indooroopilly centre. Therefore, you have been asked by the Finance Manager, who is also the one of the owners of the business, to undertake a risk analysis for the initiative in collaboration with relevant stakeholders and put in place a risk management plan. This will involve reviewing, analysing and planning and monitoring the implementation of the risk management plan. The Finance Manager has advised you to work in close consultation with all managers and coaches, existing customers, and also engage an external risk management consultant who specialises in providing consultancy services to fitness businesses to help them develop risk management programs that can meet their unique organ

Your first task is to establish the context of risk for the organisation, for which, you must refer to the following documents: CrossFit Endurance Business Plan Extract 2020-2021 (Appendix A) Risk management policy and procedure (Appendix B) extracts of the previous research/ reports on the industry and the proposed initiative (Appendix C) You will need to review the CrossFit Endurances risk management processes against organisational requirements and the current international and Australian standard for risk management. You will also need to analyse both internal and external environmental factors affecting the organisation. This will require some independent research on the internet on your part. You must identify all sources of the independent research using APA style of referencing. This research, review and analysis will help you determine the scope and objectives of the risk management initiative. Once you have gathered this information, you are to prepare a draft risk management report in which you discuss your findings and establish the context of organisational risk. Your risk management report should be no more than 800 words in length, and should be well organised and written in a style appropriate for the audience of the report. The report may include graphics to illustrate the information, such as charts, diagrams of figures. Your risk management report should include the following: 1. A brief assessment of whether the procedures followed by CrossFit Endurance in undertaking risk management is in line with the current AS/NZS ISO standard for risk management. Outline the purpose and key elements of the standard, and consider if the policies and documents are comprehensive, fit for purpose and include the required processes according to the standard. 2. Determination of the scope and context of the risk management process from your understanding of the brief you have received from the management, (whether it will include the whole organisation, a specific department or only a particular project) and provide a brief explanation of the scope. 3. Identification and description of at least three internal stakeholders (refer to the organisational chart) that you will consult to identify potential risks, and make a note of the issues or risks they may address. 4. Identification of at least two external stakeholders (refer to the case study scenario) to identify benefits, problems and risks that maybe associated with the initiative and make a note of the topics they may address. 5. Review and analyses of the political, economic, social, legal, technological in the context of the risk management for CrossFit Endurance. You may need to conduct independent research on the internet. You must provide a References section at the end of the report that identifies all sources of independent research using APA style of referencing. 6. Review of strengths and weaknesses of existing arrangements outlined in the Risk Management Policy. You may consider questions, such as: a. Are there suitable and adequate internal control procedures? If no, what are the weaknesses? b. Is there active and ongoing senior management support for the risk management initiative to be successful? c. Is there adequate support for staff such as training, to enable them to meet their responsibilities related to the risks? d. Does the existing documentation identify and provide details of risk analysis for new projects/ ventures? 7. Discussion of two goals or objectives of the risk management initiative for the proposed project, and three measures of success in a well-managed risk initiative. 8. Version control information using CrossFit Endurance convention as follows: Each controlled document created for the safety management system is required to display the following document properties in the footer: Document Identifier: the title of the document and the version (V) number. Note: The first version of an approved document is version 1. Early drafts are version 0. A change in whole numbers reflects significant change to a document (refer to criteria outlined in section 2 above). Minor changes made will maintain the current version number but also include one decimal place to reflect each minor change made to a version (including drafts). Release Date: the month and year of release of the document; Example: Document Control & Record Management Procedure, V1.3, February 2020. Page Number: the page and number of pages in the document; Disclaimer: outlines that hard copies are considered uncontrolled (not applicable to emails) 9. This risk management report is to be emailed to the Finance Manager as an attachment, with a covering note. Your covering note should briefly summarise the contents of your report, and request the Finance Manager for feedback and approval for the risk management activities. 10. The Finance Manager (your assessor) will review your risk management report and provide you feedback via email as well as approval to proceed, as if your report meets all the assessment criteria. 11. After the Finance Manager (your assessor) has provided you with feedback and approval to proceed with the risk management activities, you must incorporate the feedback into