BSBRSK501 Manage Risk - Nature Care Products - Risk Management Standards - WHS Legislation - Risk Management Assessment Answer

BSBRSK501 Manage Risk - Nature Care Products - WHS Legislation - Risk Management Assessment Answer

Assessment Task:

Risk Management Project Overview 

Students must prepare an initial report about the risk associated with business expansion for a case study organisation; participate in a roleplay meeting with team members to brainstorm risks, and develop a risk management plan for the case study organisation.

Evaluation Report

Students must evaluate the risk management process.

Task summary
This is an open book test, to be completed in the classroom.

A time limit of 1 hour to answer the questions is provided.
You need to answer all of the written questions correctly.
Your answers must be word-processed and sent to the assessor as an email attachment.

Question

1. Discuss the purpose of risk management standards. Include an example of a risk management standard in your answer.

2. Outline the AS/NZS ISO 31000: 2009 Risk Management Principles and Guidelines and each of the 11 principles.

3. Explain the requirements of WHS legislation in relation to risk management.

4. List the factors that must be taken into account in determining risk control measures for hazardous manual tasks as stated in the Model Work Health and Safety Regulations 2011.

5. Explain the purpose of risk management policies and procedures in the workplace.

6. List three examples of the impact of risks for a workplace if risks are not identified or actioned.

7. Outline a step-by-step procedure that companies can use for analyzing risks.

8. Outline three sources of information that a company could use to gather information on potential risks.

9. Describe three examples of tools or techniques that a company could use to identify risks as part of a risk assessment process.

10. Explain four options that a company could take to control risks.

11. Explain four procedures that a company could use to minimize risk.

Task Summary

This assessment task requires you, in the role of Operations Manager of NatureCare Products, to develop a risk management briefing report associated with the proposed business expansion. You will then prepare for a meeting with their team by researching risks, as well as potential risk treatment options pertaining to the NatureCare Products business expansion project.

Following this, you will meet with their team to brainstorm risks and develop a risk management plan, which includes an action plan to implement identified risk treatments.

This assessment is to be completed in the simulated work environment in the RTO.

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