Use the template below to give examples of possible risks when you open a second venue for a restaurant. Scope of the project as below:

Project Objectives

The high-level goals of the project are to open a second venue for the restaurant in another city, thereby expanding the customer base, increasing brand presence, and generating additional revenue. The success criteria for the project include:

1. Opening the second venue within a timeline of six months from the project start.
2. Increasing the customer base by 30% within the first year of the second venue's operation.
3. Achieving a positive return on investment within two years of the second venue's operation.

Risk Rating Matrix to use to evaluate the project risks

Likelihood	Consequence
Insignificant	Minor	Moderate	Major	Severe
1	2	3	4	5
A (Almost certain)	High	High	Very High	Very High	Very High
B (Likely)	Moderate	High	High	Very High	Very High
C (Possible)	Low	Moderate	High	Very High	Very High
D (Unlikely)	Low	Low	Moderate	High	Very High
E (Rare)	Low	Low	Moderate	High	High

LIKELIHOOD
A (Almost certain)	Is expected to occur in most circumstances
B (Likely)	Will probably occur in most circumstances
C (Possible)	Could occur at some time
D (Unlikely)	Not likely to occur in normal circumstances
E (Rare)	May occur only in exceptional circumstances

CONSEQUENCE
Insignificant	Minor injuries, external reputation not affected, no environmental damage, threat of litigation, etc.
Minor	Minor casualties that require medical attention off-site, no long term effects, external reputation minimally affected, minor environmental damage, single minor litigation, etc.
Moderate	Several casualties that require hospitalisation with no long term effects, some environmental damage, single moderate litigation, etc.
Major	Serious casualties, external reputation severely damaged, would cause extensive environmental damage, single major litigation, etc.
Severe	Legal consequences, multiple litigations, termination of the contract, loss of life, permanent disability, external reputation irrevocably damaged, catastrophic environmental damage, etc.

Risk template to be used as example

ID	Risk registered by (Name)	Date Identified	Risk Description	Likelihood of the Risk Occurring	Impact if the Risk Occurs	Rating	Mitigating Action	Who is responsible?	Date implemented	How will this be reviewed? (Risk review process)	Revised Likelihood of the Risk Occurring	Revised Impact if the Risk Occurs	Revised Risk Rating