50%(4)2 out of 4 people found this document helpful
This preview shows page 1 - 2 out of 2 pages.
Assessmet 1Risk ManagementJana Kolarova S40049180PART A:1.When identifying the risks, shy should you do the following:Identify the context for risks managementThe risk can be negative, however if the risk is positive, that could mean great benefits for the organisation, if risk is managed well. It is important to distinguish if the risk is negative, positive or neutral in order to manage this risk successfullyIdentify risk using tools, ensuring all reasonable steps have been taken to identify all risksBecause using appropriate documentation (e.g. checklists, systems of scales) is a valuable key to make things work. Seeing things on paper will make it more real.Document identified risks in accordance with relevant policies, procedures, legislation and standards?Because any risks or risks management, that go against legal requirements and organizational procedures must be avoided.2.When analysing and evaluating the risks, why should you do the following: