PMN607 - Risk Management Framework and Implementation Plan - Management Assignment Help

Assignment Task

Unit Learning Outcomes Addressed

1. Identify, analyse, evaluate, and manage risk applicable to projects and programs in an organisational context.

2. Critically apply contemporary enterprise-wide risk management frameworks.

3. Describe quantitative risk evaluation and its advantages and disadvantages.

4. Demonstrate the ethical, social and environmental implications in the project environment.

5. Demonstrate written and oral communication skills to industry and academic standards both in a team and project environment to fulfil the specialist project team roles taking into account cultural considerations.

The Risk Management Framework will cover the following elements:

1. The outline and design of the ERM framework

2. The organisational internal and external context

3. Organisational roles, authorities, responsibilities and accountabilities, including allocated roles to support the framework

4. How the framework will be reviewed and improved (frequency, method, documentation and responsibilities)

5. Detail description of the risk management process (written as a guidance to users)

6. Guidance on what is an acceptable level of risk

7. Risk criteria tables (consequence, likelihood, and combined risk level) 8. Risk register for use across the organisation

9. A glossary of terms

10. Agreement on the framework from the organisation’s governing body

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