Risk Management

Section 1: Establish the Risk Context.

Section 2: Identify and Analyse risk.

Section 3: Implement and monitor risk treatment.

Student name:

Assessor:

Date:

Workplace this assessment is based on:

Section 1: Establish the risk context.

Summarise factors in the work environment that impacts your business.

Describe the work environment you are basing this assessment on.

What is the workplace?

What is your role in the workplace?

Describe the work environment (e.g. office, building site, shop etc.).

What is the scope of your risk management process?

Describe the following:

Range of the activities that include the risk?

Your organisational attitudes and behaviour to manage the risk.

Internal protocols, stakeholders, issues relating to risk management.

External environment, stakeholders and issues relating to risk management.

Evaluate organisational requirements and standards for managing risks.

Evaluation can be done by:

Providing the summary of organisational protocols, policies and procedures relating to risk management.

Presenting your analysis if the policies and procedures are working effectively.

What are the legal requirements of your risk management project?

Please write the relevant legislation/standards.

RISK Management policy 21/31545

relevant legislation/standards are ISO 31000

What resources are available in your organisation for risk management?

You may discuss:

Financial and Human Resources.

Quality management policies and procedures.

Assessment methods/tools.

Checklists etc.

Summarise your research on health and wellbeing.

What are the objectives and critical success factors of your risk management project?

Objectives:

Critical Success Factors:

Name the stakeholders involved in the risk management project?

Communicate your work with relevant stakeholders.

Make PowerPoint presentation in the class invite them to comment to help you in this risk management project.

Present your analysis of external environment of the risk management project?

List the organisational strengths and weaknesses you have come to know during your project work.

Present your all work to the class. (Class Presentation).

AIC_ BSBOPS504_V1.0 4

Section 2: Identify and analyse risk.

Complete the following table.

Note: Consider the work you’ve done in Section 1.

Explain at least three risks you have identified by using an appropriate tool/technique.

Which tool/technique did you use and why?

Explain two potential outcomes for each risk.

Present the table/appropriate scale you have used to assess the risk.

What are the treatment options for each risk?

How would you prioritise the above-mentioned risks?

Make presentation in the class.

Provide the summary of the likelihood and impact/severity of the above-mentioned risks.

What did you find out more about the risks?

Document one risk by using the table for risk register.

Complete the Risk Register:

Risk:

What & how can it happen?

Consequence.

Likelihood.

Existing Controls.

Consequence Rating.

Likelihood Rating

Level of Risk

Present your all work to the class. (Class Presentation).

Section 3: Implement and monitor risk treatment.

Complete the following action plan for one risk treatment.

Identified Risk.

Measures.

Actions to be taken to control the risk.

Resource Requirements.

Responsibilities.

Timing.

Reporting/Monitoring

Answer the following questions.

What are the monitoring strategies for your action plan?

How would you be evaluating your action plan and risk management project?

Please write a brief summary report for your overall risk management project work.