Risk Management Process - Legal and Environmental Policy - Report Writing Management Assignment Help

Assignment Task:

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Overview
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Assessment task description      
• This is the first (1) unit of assessment task student has to successfully complete to be deemed competent in this unit of competency.
• The Unit Knowledge Test is comprised of twenty-nine (29) written questions.
• Student must respond to all the question and submit them to the Trainer/Assessor.
• Student must answer all questions to the required level, e.g. provide the number of points, to be deemed satisfactory in this task.
• Trainer/Assessor is required to provide the feedback within two weeks and notify students when results are available.

Question 1: What steps must you take to establish the risk management context? Identify five (5) steps based upon the above-mentioned case study.

Question 2: A well-established scope for risk management process is essential before establishing the risk management context. 
What should be included in a well-established risk management process scope?

Question 3:  Answer the following questions:
a. Why must an organisation review political, economic, social, technological, legal and environmental policy context before establishing the risk management context and risk management plan? 
b. What are the benefits of reviewing these factors? 

Question 4: Read the case study below.   
Big business is attractive, with huge profits for some. However, there's something to be said about small business as well, with lower risk and the potential for creativity. Mario of A-Four Printing in Melbourne found success in his business by pursuing customers with both large and small orders. A-Four started out catering only to large orders and the shop sat idle in between orders.  
Through effective scheduling and transparent pricing, they were able to fill in idle times with smaller orders. A-Four found profit in a market segment that other local screen printers were not eager to fill. Specialists believe this was a smart strategic move, allowing A-Four to spread out risk in their business and offer customised products. Some company employees were upset though, because of the adjustments required for the small orders, pointing out that this may affect the large orders, and moving forward may hurt the company's productivity.

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