BSBRSK501 - Manage Risk - Risk Register - Risk Management Process - Management Assignment Help

Assignment Task

Activity 1

Objective - To provide you with an opportunity to review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards. As a real or simulated workplace activity as directed by the assessor; you must review your organisation’s current risk management processes, procedures and requirements.

Activity 2

Objective - To provide you with an opportunity to determine scope for risk management process. For your organisation (or an example organisation), provide the details of two areas within the business and the requirements under these that require risk management (e.g. work health and safety).

Activity 3

Objective - To provide you with an opportunity to identify internal and external stakeholders and their issues. At your workplace (or an example workplace) list the stakeholder types/groups and an issue for each.

Activity 4

Objective - To provide you with an opportunity to understand about reviewing political, economic, social, legal, technological and policy context. How do the following affect risk management in the workplace:

• Political
• Economic
• Social
• Legal
• Tech

Activity 5

Objective - To provide you with an opportunity to review strengths and weaknesses of existing arrangements. For your workplace (or an example workplace), assess the strengths and weaknesses of the existing risk management process for one area of business (e.g. financial or operations).

Activity 6

Objective - To provide you with an opportunity to obtain support for risk management activities; and communicate with relevant parties about the risk management process and invite participation. As a role play, perform the following as a learner group activity: In groups of approximately five people, take turns to represent the risk assessment manager holding a group discussion with a group of stakeholders (e.g. managers, colleagues, employees, etc.). (Discussions may last approximately 10-20minutes for each turn.) As risk assessment manager, you will need to choose one area of risk management (relevant to your business industry/workplace) and seek support and participation from your stakeholders to assist in risk management activities. Provide information on the support that you will need and how your stakeholders can participate.

Activity 7

Objective - To provide you with an opportunity to use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties. As a real or simulated workplace activity as directed by the assessor; you must work with a small group of workers (approximately three persons) to determine their department risks or the specific risks associated with their roles. You should discuss risks with them and use tools and techniques to assess these. Tools may include work records, incident logs, checklists, and interviews. Techniques may include risk assessment, qualitative and quantitative analysis of information, examinations and observations. Write down your identified risks as a list.

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