Implement policies on risk management and internal control where this is deemed

Implement policies on risk management and internal

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11. Document your process and outcomes of identification, analysis, and evaluation of risk.a. Write a reflection on the process you undertook to identify risks and plan riskmanagement. You should include:i. reference to specific legislation and regulations and the key provisions relevant to risk. WHS legislation Privacy Act 1988 (Cwlth) Anti-Discrimination Act 1991 (QId) Australian Security and Investments Commission Act 2001(Cwlth) Corporations Act 2001 (Cwlth) Income Tax Assessment Act 1997 (Cwlth) Fair work Act 2009 (Cwlth) Work health and safety Act 2011 (Qld) Standard Australain, 2009 ,AS/NSS ISO 32000 :2009 Risk management Principles and guidelines Fairtrade Association standards. . iii. identification of the tools you used and explanation of your use of tools to
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9 identify risks. Organisation need to keep records of all risk management activity, including those associated with identify risk, analyzing risk, and evaluating risk, Records may be required to satisfy legal or regulatory requirements, Record also allow for the continuous implement of risk management processes, tools and methods. Completed tools for identification of risk such as checklists. Records of risk audits such as audit logs, which may record the time of audit and results of audits. Risk registers, which record information such as the nature of risk, the consequence and likelihood of risk and control undertaken planned. iv. explanation of how you used research and information-gathering skills to identify risks and determine the acceptability of risk . The organisation should make sure that is allocates appropriate resources for risk management. 1. People,skills, experience and competences 2. Rescuers specific to stages of the risk management process 3. Information and knowledge 4. Documented process and procedures v. explanation of how information from consultation with stakeholders informed your analysis and evaluation of risk . 1. Follow the money. Whoever is paying is definitely a stakeholder. Also, if a program produces saving or additional costs for an organisation, then the organisation is also a stakeholder for that program. 2. Follow the resources. Every entity that provided resources, whether internal or external,labour or facilities and regiment, is a stakeholder. Line managers and functional managers providing resources
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