BSB51915 BSB51415 BSBRSK501: Project Risk Management - Management Assignment help

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Management Assignment help

Task : 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. Select an organisation you are familiar with, preferably one that you’ve worked with/for. This organisation will be the basis for all of your responses for assessment #2. 1. Name of company b. Location c. Nature of business d.Annual gross revenue e. Number of employees f. Others 2. a. Identify 5 (five) internal stakeholders; and, b. Provide an example of a risk concern for each of the internal stakeholders. 3. a. Identify 5 (five) external stakeholders; and, b. Provide an example of a risk concern for each of the external stakeholders. 4. Give one (1) example of the organisation’s risk concerns in relation to each of the following categories: a. Political b. Economic c. Social d.Technological e. Legal f. Environmental 5. a. Give two (2) examples of strengths of the organisation’s risk management practices; and, b. explain why you consider these strengths. c. Give two (2) examples of weaknesses of the organisation’s risk management practices; and, d. explain why you consider these weaknesses. 6. Outline the following in regards to your risk management plan: a. Success factors b. Goals and objectives 7. Describe a research methodology that the organisation may utilise to conduct research about risk management practices by summarizing the specific steps in the methodology and including an explanation of each of the specific steps. 8. Create a risk assessment matrix; a. Cite three (3) examples of a risk in the organisation; b. Utilising a risk assessment matrix you’ve created, assess the Likelihood of each of your risks in 8a. c. Utilising a risk assessment matrix you’ve created, assess the Consequence of each of your risks in 8a. d. Describe a treatment for each risk 9. Develop an action plan for each of the treatments contained in your response  to Q8. a. What actions are required to implement the treatment based on the  hierarchy of control  b. Who is taking responsibility  c. What is the timeline for the implementation of each  d. What monitoring processes will you put in place e. How will you communication to the relevant parties  10. Summarize the documentation required for your action plans contained in  your response to Q9.  11. Describe the methodology you will used to evaluate the success of the action  plans contained in your response to Q9.  12. Provide details of insurance you would consider necessary for your business  including companies that provide it. 

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