Conduct a risk management process for the organisation

Assignment Help Business Management

Reference no: EM132268662

Project

For this Assessment Task, students are required to undertake a project, where a student has to conduct a risk management process for the organisation of their choice. If required, trainer may suggest an organisation. Upon research findings, students are required to write a project plan on managing risk. The project work must reflect the findings from the research and must address all the key specifications provided as task specifications.

You would be given one week's time to complete this task.

Project specifications that you need to cover in your porject plan, includes:

1. Background of organisation

2. Context of risk including:
• Organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards
• Internal and external stakeholders involved
• Political, economic, social, legal, technological and policy context
• Critical success factors, goals or objectives
• Management support for risk management activities
• Inviting and communicating risk management process with relevant parties

3. Identify and select two major risks - give rational behind your selection (use appendix 3)

4. Analyse the risks:
• Assessing likelihood of risks occurring
• Assessing the impact or consequence if risks occur
• Evaluate and prioritise risks for treatment using the risk matrix provided as an appendix 1.

5. Treat the risks:
• Develop options for treating risks
• Select the most appropriate option
• Develop an action plan for implementing risk treatment, you may use the given risk treatment register.
• Communicate risk management processes to relevant parties

Reference no: EM132268662

Questions Cloud

What is the current status of the case : What is the current status of the case? What do you think contributes to this? If there has been a decision, what were the results of the case.

What would you do about manufacturing jobs : Chinese goods are inexpensive because the cost of labor in China is cheap. As a result, factories in China manufacture goods that cost less than.

What is the responsibility of the allied health professional : Outline the informed consent requirements. What is the responsibility of the allied health professional with regard to informed consent forms and the process.

Describe how you are going to organize your essay : For your Summary proposal, I need two paragraphs. In the first paragraph, state your general topic and the question that is the focus of your essay.

Conduct a risk management process for the organisation : BSBRSK501 - Risk management process - conduct a risk management process for the organisation of their choice. If required, trainer may suggest an organisation

Describe impact of the census in congress : You have the task to explain key aspects of the " U.S. Congress" in a manner that a group of high school students can understand.

Explain collective leadership and democratic governance : Explain collective leadership and democratic governance. Explain the importance of developing intrapersonal skills as a public leader and provide specific.

What is your recommendations for the firm : Suggest two (2) policy modifications that may positively impact and identify, and two (2) policy inplications that may negatively impact the outcomes.

Define authorities that united states constitution delegates : What are ten authorities that the united states constitution delegates to the central government? What are five powers that are reserved to the states?

User Account

All Pages