ploma of Leadership and Management BSB51415 Diploma of Project Management BSB60915 Advanced Diploma of Management (Human Resources)
Subject/module Risk Management 2
Assessment method Written Assessment
Due date Session 8
Weighting 50%
Units of Competency
BSBRSK501 Manage Risk
Instructions 1. Assessments will be provided by your trainer. 2. Assessments should be completed as per trainer’s instruction. 3. The assessment must be submitted by the session mentioned above in the due date. 4. Your assessment should be presented as a word-processed document addressing all elements of the assessment. 5. Plagiarism is copying someone else’s work and submitting it as your own. Any plagiarism will result in a mark of zero. 6. A list of references must be included. 7. Trainer will advise if a hard copy of the assessment is required or whether the assessment should be digitally uploaded.
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ADDENDUM | © 2016 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT and BSB51415 DIPLOMA OF PROJECT MANAGEMENT and BSB60915 ADVANCED DIPLOMA OF MANAGEMENT (HUMAN RESOURCES) | RISK MANAGEMENT 2_V6.4
Written Assessment Action Plan for Implementing Risk Treatment Prepare a risk management plan for a business of your choice in accordance with the Australian and New Zealand Risk Management Standard (AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines 1. Details of your business – type of business, size and number of employees. (3 marks) 2. Identify all internal stakeholders. What might their concerns be in regards to risk management? (5 marks) 3. Identify all external stakeholders. What might their concerns be in regards to risk management? (5 marks) 4. Review your organisation’s risks in the context of: a. Political b. Economic c. Social d. Technological e. Legal f. Environmental (3 marks each) 5. What are the strengths and weaknesses of the businesses existing risk management practices? (4 marks) 6. Outline the following in regards to your risk management plan: a. Success factors b. Goals and objectives (2 marks each) 7. What tools will or techniques will your business utilise to research risks? (3 marks) 8. Using the risk assessment matrix analyse the following: a. The likelihood of the risk occurring (1 mark) b. The impact or consequence if the risk occurs (2 marks) 9. Evaluate and prioritise the risks for treatment (3 marks) 10. Select two risks and determine the most appropriate options for treating these risks. (8 marks) 11. Develop an action plan for dealing with one of these risks. Include: a. What actions are required using the hierarchy of control (2 marks) b. Who is taking responsibility (1 mark) c. Time lines (2 marks) d. Monitoring processes (2 marks) e. Communication to relevant parties (1 mark) 12. Outline the documentation required for your risk management plan. (2 marks) 13. Outline how you will implement and monitor your plan. (5 marks)
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ADDENDUM | © 2016 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT and BSB51415 DIPLOMA OF PROJECT MANAGEMENT and BSB60915 ADVANCED DIPLOMA OF MANAGEMENT (HUMAN RESOURCES) | RISK MANAGEMENT 2_V6.4
