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BSB40215 Certificate IV in BusinessBSBRSK401 Identify risk and apply risk management processesAssessment 1 – Identify risk and plan risk managementCandidate’s nameErika Madeiros SilvaAssessor’s nameDateSubmission detailsThis assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Any variations to this arrangement must be approved in writing by your assessor.Submit a file with the required evidence attached as per Specifications belowAcknowledgement of original work, free from plagiarism as per Assessment PlanSpecial needs (considerations if required see Access & Equity Policy)Naming document files when submitting assessments (check Assessment Plan)Identifying the Unit, Assessment Number, student name, student number, date and page number (preferably) in the FooterAssessor’s additional and particular instruction/s.Performance objectiveThis assessment requires candidates to demonstrate the skills and knowledge necessary to identifying risk and planning risk treatment in the context of a simulatedbusiness.Assessment descriptionTo complete this assessment task, you will need to review a simulated business and associated documentation, identify and document risks, analyse and evaluate risks to determine level of risk for the organisation, and plan to treat risk. You will need to BSBRSK401 - Assessment 1 Version: v17.0Page 1 of 14Reviewed by: Nortwest Pty LtdIssued: February 2017Uncontrolled versions when printedApproved by: AMReviewed: February 2018
perform these activities in accordance with organisational requirements and the international and Australian standard for risk management, AS/NZS ISO 31000:2009.Procedure1.Review the simulated business information for MacVille in the Appendices of your Student Workbook.2.Review the scenario information contained in the Appendices of this assessment task.3.Identify the internal and external context for risk management with respect to the MacVille scenario.4.Identify three risks using tools, for example, checklists, research notes, notes of meetings with stakeholders.5.Analyse each identified risk to identify likelihood and consequence of each risk.6.Determine the level of risk for each risk.7.Consult with three stakeholders to assist your analysis and evaluation of risk. Ask questions to gather information from stakeholders.Note:Your assessor will role-play or assign stakeholder roles to others. Ensure you arrange a time, place, or method of consultation with your assessor.8.Weigh possible control measures for each risk, assessing strengths and weaknesses of each measure.9.Determine control measures for each risk.10.Determine resources and responsibilities for control of risks. Resources may include financial resources, human resources, or any equipment you determine to be necessary to implement control of risks.