BSBRSK501 - Assessment Task 1.docx - Assessment Task 1 BSBRSK501 Manage risk Risk review 2012 IBSA MC v.2.2015 modified by MC Apr 2016 v 3 Page 1 of 36

BSBRSK501 - Assessment Task 1.docx - Assessment Task 1...

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Assessment Task 1 BSBRSK501 Manage risk Risk review © 2012 IBSA MC v.2.2015 / modified by MC Apr 2016 v 3 Page 1 of 36
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Assessment Task 1 BSBRSK501 Manage risk Submission details Student’s name Assessor’s name Date submitted © 2012 IBSA MC v.2.2015 / modified by MC Apr 2016 v 3 Page 2 of 36
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Assessment Task 1 BSBRSK501 Manage risk Performance objective For this task youare required to determine the risk context associated with establishing a new business outlet, within the existing business structure. They will be required to review internal and external environment factors and liaise with all stakeholders to generate a list of risks. © 2012 IBSA MC v.2.2015 / modified by MC Apr 2016 v 3 Page 3 of 36
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Assessment Task 1 BSBRSK501 Manage risk Assessment description For the case study provided with this Assessment Task, you are required to review risk management processes and determine scope and objectives, taking into account stakeholder input and both internal and external environmental factors affecting the organisation. With the information gathered, you are to identify risks and present this to relevant parties for feedback. © 2012 IBSA MC v.2.2015 / modified by MC Apr 2016 v 3 Page 4 of 36
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Assessment Task 1 BSBRSK501 Manage risk Procedure For the provided case study, you will assume the role of the risk manager/assessor. 1.Review the provided MacVille Risk Management Policy and Risk Management Strategy and complete a written report for your manager (your facilitator) that addresses the following steps.a.Scope–Identify the scope of risk management required in your identified role.b.Goals– Identify and describe the critical success factors, goals or objectives for areas included in scope.c.Stakeholders–Identify internal and external stakeholders, theirrole in the process, and any issues or concerns they have. Present this using the table format provided.d.Analysis–Complete a PEST analysis and a SWOT analysis for risks associated with the scenario. Include reference to relevant legislation.e.Research– Review and summarise the research information provided in the case study, as well as any literature available that is relevant to this scenario.f.Describe– Complete the analysis of risk for the scenario by summarising the scenario and associated risks, accompanied by checklists, diagrams or flowcharts that support the summary.2.After you have completed the above steps, you need to meet with your manager (facilitator)and discuss the draft report you have developed, especially your understanding of the critical success factors and goals (you should check that your manager {facilitator} agrees with your findings).3.As part of your discussions you also need to discuss and identify how you can communicate with stakeholders about the risk management processes in this scenario and invite them to participate in discussions to further identify risks associated with the scenario. a.Summarise: In dot-point form, summarise the discussions with your manager.i.This should include any recommendations they made to you.b.Develop:
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  • Spring '17
  • assessment task, IBSA MC, MC Apr , Nurg 501

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