BSBRSK501 Manage Risk - Summative Assessment 2

BSBRSK501 Manage Risk - Summative Assessment 2

SUMMATIVE ASSESSMENT 2

Project 1

·         Design, develop and document a risk management plan related to:

o    the reduction of accidents, illness or incidents relating to worker or general public safety

o    the prevention of operational discontinuity

o    the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)

o    environmental impact issues—including resource use and management

You might choose another risk area relevant to the organisation for which you work. If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.

Explain why and how you would initiate and implement the risk management plan and:

5.            Establish the context and scope of the plan.

6.     Recognize the risk/s.

7.     Analyse the risks.

8.     Select, plan and document risk management treatments.

9.     Explain the implementation monitoring and assessment processes.

Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.

Submit:

o    the plan

o    research results and tools used in the assessment process and in the plan design

o    any relevant support information, charts, graphs, statistics etc

The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

Alternative assessment

If you are currently employed in this field, to help with assessment, and if you can verify that these are entirely your own work, you might submit any of the following:

o    written reports on activities that you have undertaken and that are directly associated with risk management

o    a portfolio of evidence showing a range of risk management strategies that you were instrumental in developing and implementing

o    assessment of the outcomes relevant to risk treatments that you have managed or overseen

o    third party workplace reports of on-the-job performance—to show that you can establish the risk context, recognize risks, analyse risks, and select and implement treatments

o    performance review results relevant to participation in and management of risks

o    notes, electronic data and hard copy information related to presentations you have made informing teams and individuals of risk management processes

Your assessor will decide how well this documentation meets the assessment requirements and will ask you a series of verbal questions relating to relevant documentation and legislation.

The assessor will document your responses.