Bsbrsk501 B Manage Risk Essay

4531 words - 19 pages

Risk review
Submission details
Candidate’s name | | Phone no. | |
Assessor’s name | | Phone no. | |
Assessment site | |
Assessment date/s | | Time/s | |
The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below for details.
Performance objective
For this task you are 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 ...view middle of the document...

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 and discuss the draft report you have developed, especially your understanding of the critical success factors and goals (you should check that your manager 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.
g. Summarise: In dot-point form, summarise the discussions with your manager.
i. This should include any recommendations they made to you.
h. Develop: a draft of the communication your manager suggested you use for consultation with a stakeholder or particular group of stakeholders.
i. For example, if stakeholders desire a phone call, you should include a draft script of information that you need to share with stakeholders.
ii. Whatever the form of communication, it must clearly ask stakeholders for input, and invite them to assist in the identification of risk for this scenario.
When submitting the report and accompanying documents, you need to ensure that:
* your report is titled ‘Risk review’
* your report is in order, with attachments on the back of your report as follows
* it includes notes from meeting with your manager
* it includes draft communication
* your report is submitted as required by your organisation (your training provider).
Specifications
You must provide:
* a completed report as outlined above in steps 1–6, using the headings provided for each step
* summary notes from your meeting with your manager
* summarise in dot-point form the discussions with your manager and include any recommendations they made to you
* a draft communication to be used with stakeholders
* develop a draft of the communication your manager suggested you use for consultation with stakeholders
* i.e. if they suggested a phone call, you should include a draft script of information that you need to share with stakeholders
* whatever the form of communication, it must clearly ask stakeholders for input, and invite them to assist in the identification of risk for this scenario.
Your assessor will be looking for:
* evidence that you analysed and identified the needs of the case study and have clearly reflected these in the risk report.
Adjustment for distance-based learners
* Complete assessment as per instructions,...

Other Papers Like Bsbrsk501B Manage Risk

Hate Crime Laws Essay

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages , it may be the case that workers were not in fact receiving high enough incentives to continue in their jobs, given that they face a leisure-work trade-off. The opportunity cost of leisure may have been too low to prevent workers from being absent or abandoning their jobs. Even if this does not fully explain their decisions, it is a determining factor. Yet given that it was relatively cheap to replace labour and that there was no risk of

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages for their family and their country’s reputation. (Jacqueline and Milton, 2012)In real life case, a successful leader usually has good communication skill when talk to followers, people cannot influence their team members without connect communication to them. Language is a most powerful tool used by leader to manage and influence people in different industries. (Seargeant, 2009) Henry’s speech with unlimited energy and confidence, he cheers up

Cuba Civil Rights

1906 words - 8 pages low risk political prisoners according to (“Cuba Culture…”). Cuba has changed over the years, now people can travel within the country without a passport. Although the economy has fallen due to the decline of communism and the massive loss in tobacco crop which was caused by a disease that wiped out the crop. Finally, they have the lowest infant mortality of any of the Latin American countries (“Cuba Culture…”). The reason the United States of

US Freight System

1273 words - 6 pages General Environment Each American requires the movement of approximately 40 tons of freight per year across the freight network. This includes everything from shirts to lawn mower to orange juice. • As the U.S. population expands, the U.S. freight system will be called upon to meet the demands of a larger population • Between 2010 and 2035, the system will experience a 22 percent increase in the total amount of tonnage it moves • By 2050, with

Related Essays

Management Essay

302 words - 2 pages ASSESSMENT BSBRSK501B MANAGE RISK Assessment tool 1 Assessment activity 1: Review organisational processes, procedures and requirements for undertaking risk management 1. Create your own definitions for the following terms: a) Risk: A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action. b) Risk

Management Essay

825 words - 4 pages Assessment Task 2 BSBRSK501B Manage Risk Risk Analysis Assessment description: Using the information gathered in Assessment Task 1 and the case study provided, examine the likelihood and consequences of identified risks, prioritise the risks and determine options for treatment of each risk. Using this information you are required to develop an action plan for implementing risk treatment, document the plan as required, and

Risk Review Plan For Macville Pty

2827 words - 12 pages Manage Risk BSBRSK501B Risk review plan for MacVille PTY LTD Task 1 Janith Damboragama MacVille business plan FY 2011/12 Description about the company Mission MacVille cafes serve competitively priced, high-quality coffee and gourmet food in a safe and comfortable café-style environment. Our friendly, well-trained staffs provide superior customer service. Vision MacVille aims to deliver our valued customers

Freedom And Responsibility Essay

2141 words - 9 pages Chancellor Linda Katehi to resign, due to the depressing failure of leadership. Chancellor Katehi states that the video is “sad and really very inappropriate” but she has no plans to resign. “I do not think that I have violated the policies of the institution,” she said. Charles J. Kelly, a Baltimore Police Department lieutenant, said the spray is a “compliance tool.” “When you start picking up human bodies, you risk hurting them,” he said