Risk Management Assignment – Singapore Hotel Case Study

Question 1

This tutor-marked assignment requires you to demonstrate learning in
(1) risk management requirements,
(2) organisation of risk management capability, and
(3) development of risk management framework in workplaces.

You are to apply your understanding of the risk assessment and management approaches with the following tasks:

(a) Carry out a review of the legislative requirements of risk assessment and management in Singapore. Your review should clearly illustrate how the legislative requirements are influenced by the concepts of risk and risk management.

(b) Examine and describe how a 4-star hotel, Hotel Cameron, occupying a 30-storey building in the new Jurong Lake Business District, should be organised to manage risks.

(c) Analyse and describe the organisation’s documents and arrangements to be developed for the enterprise.

Your TMA-Report shall be kept at a maximum of 1500 ± 150 words (excluding the Executive Summary, Tables and Figures, References, and Appendixes). Too few words mean that you are unable to do your topic justice; too many words mean that you have not been discerning enough in your selection of materials or written succinctly enough.

You are to discuss and apply your learning in your report (providing in-text citation and appropriate referencing) and the final TMA-Report document shall include:

Risk Management Answers: Expert Answers on Above Risk Management Questions

Legislative requirement in Singapore

The legislative requirements in Singapore are governed by WSH Act and Risk Management Regulations. According to this act, the work places are required to conduct regular assessment and review them regularly. These legislative requirements are influenced by ISO 31000 and Singapore’s code of practice on risk management. Businesses are required to systematically identify the risk and provide appropriate treatment with the objective of ensuring safe working conditions and accountability.

Organising Hotel Cameron for risk management

The entire accountability is with the executive board and general manager. The risk management committee is shared by senior managers including operations, security and Engineering heads. The departmental safety officers are responsible for identifying and reporting risk from day to day activities and the employees have to follow the sop’s and report any kind of hazards.

Risk management documents and arrangements

The documents required for Risk Management includes risk register, emergency response plans and SOPs for high risk areas. The arrangement requires training and drills, incident reporting and investigation system, regular audits and vendor risk checks.

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