Step 1: Risk Identification Step 2: Risk Assessment Step 3: Risk ManagementList of possible risks arising from “ProbabilityH/M/L » "ImpactH/M/L" "Risk PriorityH/M/L" Describe the risks Describe how to control the risk Team ResponsibleStrategic Client Changes MML Due to the growing demand for child care, approximately 200 additional child care centers will be built over the next 5 years This has led to greater competition in the childcare sector. The Singapore government is ready to provide funds to employers or building owners who intend to set up. daycare for the first time “Parenting is a very important aspect of work-life balance. Installing a daycare at the workplace allows parents to come and watch their children perform or do their activity, and to be able to return to work immediately afterwards. It is an effective strategy for attracting and retaining talent. This allows employees to bond with children and attract more women into the workforce. Our services help the company reduce employee turnover and absenteeism and enable parents to perform well. good at their job. There will be a growing demand for workplace daycare. In academics, children will have the opportunity to pursue advanced studies in the fields of arts and sciences at higher education institutions. a good reputation with unique services, which allows us to continue to expand our business overseas. CEO, MD and Academic Development TeamGrowth StrategyBrand/ImageCompetitionOperational Accounting Process MHM Operational risks arise from internal failures, such as internal processes, people management and systems...... middle of paper ..... The success of our child care business depends largely on the quality of our staff and the development of programs. Due to limited funding, we are unable to increase staff salaries. As a result, staff will go to better paid companies. Sometimes we may lose good candidates during recruitment. We are changing our paradigm around staff salaries to remain competitive in the child care market and be able to recruit high quality staff. We will make it a priority to raise enough funds to pay quality staff the salaries they deserve. To retain staff, we will provide periodic raises and invest funds in our budget for staff training and life-enhancing activities. Other program staff will provide support to our on-call staff to help them manage their overload during peak periods. MD team, finances and academic developmentLimited resourcesTraining