BSBRSK501 Manage Risk - Assessment Task One
INTRODUCTION
Organisational Goals for McVille Café
Written Report Based on the information provided about Mcville Cafes
A) Describe the Purpose and key elements of the to AS/NZS ISO 31000:20,
PURPOSE:
KEY ELEMENTS may include
PRINCIPLES AND PROCESSES OF RISK MANAGEMENT may include
EFFECTIVENESS OF THE MAC VILLE IN SUPPORTING STANDARD
SCOPE OF RISK
CRITICAL SUCCESS FACTORS
ROLE OF INTERNAL AND EXTERNAL STAKEHOLDERS IN RISK MANAGEMENT PROCESS
Stakeholde
Internal / External
Stakeholder’s role in risk management process
Identified risks
Stake in risk management process (What is the outcome if the risk does happen?
PEST ANALYSIS
P(Political)
E (Economic)
S(Social)
T(Technological)
SWOT ANALYSIS
S(Strengths)
W(Weaknesses)
O(Opportunities)
T(Threats)
RELEVANT LEGISLATIONS / REGULATIONS / STANDARDS
METHOD OF RESEARCH
Primary research:
Secondary research:
EMAIL FOR RELEVANT STAKEHOLDERS
To:
Subject:
Message:
EMAIL TO THE CEO
To:
Subject:
Message:
MEETING WITH THE CEO: DISCUSSION SUMMARY
Meeting Date:
Meeting Location: ACM
a. Critical success factors and goals:
. MacVille risk management process:
c. Stakeholders communication plan:
d. CEO’s support for ongoing risk management activities:
e. CEO’s input on additional risks:
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BSBRSK501 Manage Risk Student Name:
Assessment Task 1 XXXXXXXXXXStudent ID: XXXXXXXXXXDate:
Learner Guide
BSBRSK501 Manage risk
Unit Start Date: 8/04/2019
Assignment Due Date (Deadline): 12/05/2019
Trainer: Binish Nida Afaque
Trainer’s Email: XXXXXXXXXX
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1. Unit of Competency
BSBRSK501 Manage risk
2. Application of unit
This unit addresses the management of the risk across the organisation or within a business
unit or area. It does not assume any given industry setting.
This unit applies to individuals who are working in positions of authority and are approved to
implement change across the organisation, business unit, program or project area. They may
or may not have responsibility for directly supervising others.
3. Evidence Requirements
Through review of the unit of competency and consultation with relevant industry
epresentatives, the following evidence has been identified as appropriate for assessment in
this unit.
Element Evidence
Establish risk
context
• Review organisational processes, procedures and requirements for
undertaking risk management.
• Determine scope for risk management process.
• Identify internal and external stakeholders and their issues.
• Review political, economic, social, legal, technological and policy
context.
• Review strengths and weaknesses of existing a
angements.
• Document critical success factors, goals or objectives for area included
in scope.
• Obtain support for risk management activities.
• Communicate with relevant parties about the risk management process
and invite participation.
Identify risks • Invite relevant parties to assist in the identification of risks.
• Research risks that may apply to scope.
• Use tools and techniques to generate a list of risks that apply to the
scope, in consultation with relevant parties.
Analyse risks • Assess likelihood of risks occu
ing.
• Assess impact or consequence if risks occur.
• Evaluate and prioritise risks for treatment.
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4. Performance evidence
The following is the performance evidence required for this unit, as specified in the
“Assessment Requirements” document for this unit.
Evidence of the ability to:
1. Analyse information from a range of sources to identify the scope and context of the risk
management process including:
a. stakeholder analysis
. political, economic, social, legal, technological and policy context
c. cu
ent a
angements
d. objectives and critical success factors for the area included in scope
e. risks that may apply to scope.
2. Consult and communicate with relevant stakeholders to identify and assess risks, determine
appropriate risk treatment actions and priorities and explain the risk management processes.
3. Develop and implement an action plan to treat risks.
4. Monitor and evaluate the action plan and risk management process.
5. Maintain documentation.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
5. Knowledge evidence
The following is the knowledge evidence required for this unit, as specified in the in the
“Assessment Requirements” document for this unit.
To complete the unit requirements safely and effectively, the individual must:
1. Outline the purpose and key elements of cu
ent risk management standards.
2. Outline the legislative and regulatory context of the organisation in relation to risk
management.
3. Outline organisational policies, procedures and processes for risk management.
6. Methods of assessment
Through consultation with industry, the following assessment methods have been deemed
appropriate for this unit.
Case study,
written report,
ole-play
Assessment Task 1:
Review the case study scenario and provide a written response. Meet with CEO
in the simulated workplace to discuss findings.
Case study,
written report
Assessment Task 2:
Review the case study scenario and provide a written response and
implementation plan.
Case study,
written report
Assessment Task 3:
Review the case study scenario and provide a written response.
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7. Plagiarism, collusion and cheating
The “Assessment details” section of each assessment task clearly identifies for candidates
whether the assessment task is to be completed individually by the candidate, or as a
candidate group (with the members of the group to be assigned by the teacher).
Individual assessment tasks must be the work of the candidate only.
Group assessment tasks must be the work of the candidate group only, working collectively.
The assessor should provide candidates with information about the proper working of a
candidate group, that is, that the group is required to work together to address the
equirements of the assessment task as detailed. The assessor should expect that every
member of the team has contributed equally to all aspects of the assessment task. The
assessor will use various techniques to verify this, including asking each team member to
identify those parts of the written deliverables to which the team member contributed. Each
team member should be questioned by the assessor about various aspects of the assessment
task, the work which was performed by the team member, and the approach which was
taken. Members of the team who are found to have not been actively involved in those
aspects of the assessment task requiring the team to work together will be assessed as Not
Yet Competent.
This assessment submission must be the candidate’s own work or the group’s own work.
Candidates and groups are to identify the sources of their information using the reference
systems discussed in class. Candidates and candidate groups are not to plagiarise or collude
with others in the development of this assessment submission.
The assessor should inform candidates that if they are in any doubt about whether they
might have plagiarised or colluded, they should refer to the information about plagiarism,
collusion and cheating in the candidate handbook. Candidates should be further informed
that they can ask their teacher at any time for advice on avoiding plagiarism and collusion.
Candidates should be informed of the consequences of plagiarism, collusion or cheating (as
documented in the ACM Policies and Procedures Manual and in the candidate handbook.
How should I format my assessments?
Your assessments should be typed in a 11 or 12 size font for ease of reading. You must
include a footer on each page with the student name, unit code and date. Your assessment
needs to be submitted as a hardcopy or electronic copy as requested by your trainer.
How long should my answers be?
The length of your answers will be guided by the description in each assessment, for
example:
Type of Answer Answer Guidelines
Short Answer 4 typed lines = 50 words, or
5 lines of handwritten text
Long Answer 8 typed lines = 100 words, or
10 lines of handwritten text = 1 3⁄ of a foolscap page
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Brief Report 500 words = 1 page typed report, or
50 lines of handwritten text = 11 2⁄ foolscap handwritten pages
Mid Report 1,000 words = 2 page typed report
100 lines of handwritten text = 3 foolscap handwritten pages
Long Report 2,000 words = 4 page typed report
200 lines of handwritten text = 6 foolscap handwritten pages
How should I reference the sources of information I use in my assessments?
Include a reference list at the end of your work on a separate page. You should reference
the sources you have used in your assessments in the Harvard Style. For example:
Website Name – Page or Document Name, Retrieved insert the date. Webpage link.
For a book: Author surname, author initial Year of publication, Title of book, Publisher, City,
State
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Assessment Task One
1. Performance objective