Risk Management Process Task – Risk Context

Assignment Task

Overview

This assessment has been designed to apply the student’s skills and knowledge using a project-based assessment approach.

• The student must complete all tasks correctly, including any simulated or actual workplace forms, to achieve a satisfactory result. The student must read the task requirements and review any templates before commencing the project.

• The student can refer to their Learning Guide, workplace policies and procedures, workplace templates and other materials to complete this task. If they have access to the workplace, they can refer to their organisation’s workplace policies and procedures.

• As the assessor, you will ensure that the student has access to a copy of the workplace policies and procedures. The assessor will acknowledge the students’ performance using the checklist and discuss any feedback. The assessor will record their assessment of the task as either Satisfactory (S) or Not Satisfactory (NS). 

Task

1. Determine the scope for your risk management process by evaluating the business environment. Consider existing relevant stakeholders, organisational processes, procedures, and requirements. This must include any relevant political, economic, social, legal, technological, and policy contexts.

2. Analyse the current risk management arrangements by reviewing their strengths and weaknesses. Your submission must be between to words.

3. Identify the objectives, goals, and critical success factors for this work area, that is included in the scope for risk management process.

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