Risk Management Day Care Center. You are the manager of a new daycare center that is located on a busy urban street. The center is still under construction so you have flexibility about the design of the building and its surrounding area. You know that your business location is attractive to parents in that your center is conveniently located on their way to the freeways and the train stop. You also know that your location has a negative in that parents are sincerely worrie-d about the safety of their child in light of the busy street adjacent to the facility.
Assume that most of your client children will be dropped off within a 90 minute period in the morning and be picked up over a 120 minute period in the late afternoon. There are planne-d indoor and outdoor activities for the children throughout the day.
Your task for this assignment is to evaluate the risks related by this scenario and develop a solution to the problem. You are to develop a detailed plan that ensures the safety of the children from something negative happening due to the busy street.
The risks and associated events to the parent, the child, the daycare center and its personnel. Your process for selecting the risks and events you will evaluate in detail. The uncertainties related to your listed risk events occurring.
The overall solution you recommend to minimize the likelihood of a risk event happening and mitigation of the impact should it occur. You might consider discussing the process you would follow in preparing your recommended solution.
The approach you would take to ensure that your organization can properly implement the intended solution. This could and likely will involve some discussion about staff training, parent training, building safety, driveway and parking lot design. Also client flow in the morning and evenings, staffing levels during peak periods, ongoing monitoring throughout the day. A brief discussion of how you would weigh the costs. Also associated with implementing your problem against the costs associated with the occurrence of any risk events. Your approach for verifying that your solution is being effectively implemented.