Hi the B.1 unit contains helpful pointers -
Develop and evaluate operational plans for own area of responsibility
Specific risks will depend on the responsibilities linked to your role/job description, which might be;
Finances - fees, wages, funding, sustainability
Staff management - employment, turn over, complaints,
Inspection - implementing your home nation's early years framework (england's EYFS?)
Policy & procedure management - reviews, amendments, adoption, cascading & sharing information
Training
Working in partnership
Health & safety
Safeguarding
Child Protection
Transitions
Child development records
Activity planning
Risk assessment - money, enthusiastic team, convenient times and provision of time, reasons for staff turnover, safe spaces - buildings inside and outside. Is there confusion as to who to turn to/report in different situations, is training available?
A copy of the setting's business plan, it's prospectus, policies & procedures, meeting schedules, agendas and its
self evaluation form will all help you identify how things operate.
Operational plans for early years settings - google search
Leadership in Early Years book
Hope this helps a little