Question

create a risk treatment strategy for each of these risk scenarios. List which category of risk treatment this falls under and tell us why you chose that risk treatment strategy.

You own a two-location furniture store in Peoria, Illinois. In order to make home deliveries to your customers, you own three panel trucks which run from 9 am to 7:30 pm Monday through Saturday. There is a chance that one of your drivers will cause an accident which results in property damage, bodily injury, or death.

You own a massage therapy business and day spa in Owens, Nevada. The US federal government just purchased land throughout your town for the purpose of constructing a new interstate roadway and railroad. Part of the land acquisition is adjacent to your property. Your customers, who come to your business to relax and relieve stress, will be exposed to the sounds of construction for six years followed by road and train traffic thereafter.

You are the operations manager for a casino in New Orleans, Louisiana. For the past year, once or twice per week $200-$500 in chips goes missing from the Blackjack tables.

You are the office manager for a large firm in Manhattan. Your location has 2,500 employees and 50 Xerox copiers. A Xerox copier has an expected life of 10 years but sometimes they wear out or break sooner than that. A new copier costs $20,000. The revenue generated through your office is $1 billion per year.

Answer 1

Risk	Risk Treatment
a	Accident	The preventive measures that can be adopted by the company are
		1	Conduct a class and counceling for the Drivers onRisk taking preferences, Traffic safety class and awareness programme.
		2	Provide incentives for keeping traffic rules and traffic safety.
		3	Ensure the delivery time has been calculated after considering the traffic , otherwise recalculate.
		4	Install speed control measures in the trucks
		5	Surprise checks on driving by following the truck in other vehicles.
b	Sounds	The preventive measures that can be adopted by the company are
		1	Installation of Sound canceling devices
		2	Change the working hours according to the non working hours of construction or accept more appointments after the working hours of construction site.
c	chips goes missing	The preventive measures that can be adopted by the company are
		1	Installation of CCTV Cameras and boards regarding the same
		2	Increase the number of securities inside the casino
		3	Attach label and connect it to the alarm system like supermarkets do.
d	wear out or break of Xerox Copier	1	Ensure the infrastructure required for the machine has been provided like air condition,away from dust etc.
		2	ensure that the Skilled or trained employees are handling the machine
		3	Install CCTV Camera to supervise the use of CCTV
		4	Insure the Machinery
		5	Select a machinery with more gurantee and warranties.
		6	Avoid over use of the machinery by purchasing a new to meet the demand