Reference no: EM132325587
Manage Risk Assignment -
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk management field of work and include access to:
- relevant legislation, regulations, standards and codes.
- relevant workplace documentation and resources.
- case studies and, where possible, real situations.
- interaction with others.
Section 5 - Manage Risk
This unit describes skills and knowledge required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.
It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.
Activity 5.1 Establishing a Risk Management Process
Instructions to Learners: Learners are required to establish, identify, analyse, select and implement treatments for identified risks.
Learners are to refer to the case study, SSS RTO located in the learner's resource folder and review the RTO's information, establishing areas of risk.
Learners are required to review SSS RTO's processes, procedures and requirements for undertaking risk management. Upon reviewing SSS RTO's processes, procedures and requirements, learners are required in the template below, to detail the following:
- Determine the scope for risk management.
- Identify internal and external stakeholders and their issues.
- Review political, economic, social and technological policy (PEST Analysis).
- Review strengths and weaknesses of existing arrangements (SWOT Analysis).
- Document critical success factors (CFS), goals or objectives, included in the scope.
- Required support.
- Communicate the risk management process and invite participation with relevant parties.
The required documentation to assist learners with this activity, is located in the learner's resource folder.
Activity 5.2 Identifying Risks
Instructions to Learners: In Section 5, learners are required to identify risks for SSS RTO. Learners will engage four (4) SSS RTO team members and complete the following:
- Invite relevant parties to assist in the identification of risks
- Research risks that may apply to scope
- Use tools and techniques to generate a list of risks, in consultation with relevant parties
Activity 5.2(a) Participation of Relevant Parties
Instructions to Learners: Learners are required to review the profile of each SSS RTO team member and select four (4) team members to assist with the identification of risks.
Learners are required to identify each team member to be invited and outline why they chose this team member to be involved in this process.
For each individual, learners are required to briefly describe why they chose the mode of communication they will use to inform and invite each individual to partake in the process.
Learners are required to complete this activity in the template.
Activity 5.2(b) Researching & Using Tools & Techniques to Generate Risks
Instructions to Learners: SSS RTO, has requested you review the identified risks in their Risk Management Register. Upon reviewing the register, you notice there are risks which have not been identified and recorded.
Learners are required to research risks that may apply to the scope for SSS RTO. Learners are required to select two (2) research methods located in the learner guide. Learners are required to outline, why they chose the methods, what research was conducted (this is simulated) and the risks identified from the research in the template below.
Once learners have researched risks, they are required to choose one (1) risk and tool or technique, outlined in the learner guide and develop a systematic approach to prevent, manage or eliminate the risk. Learners are required to complete the activity on a document separate to the workbook and attach for submission with workbook. Ensure this activity is clearly labelled i.e. Learners Name_Activity 5.2(b).
Attachment:- Assignment File.rar