Reference no: EM132944018

To demonstrate competence in this unit you must design and develop a risk management plan related to:

• the reduction of accidents, illness or incidents relating to worker or general public safety
• the prevention of operational discontinuity and/or reduction of associated costs
• the need for new or innovative improvement/ changes in processes or procedures and the associated risks
• environmental impact issues-including resource use and management

You could select another risk area but you will need to discuss this with your assessor.

The risk identification and categorisation procedures that inform your plan could apply to your current workplace or, if you are not working you might nominate an organisation, describe its core business and its operations processes then conduct an appropriate risk assessment and develop a plan for risk treatment.

Risk assessment might apply to projects being undertaken individually or by a team, or operations within a section of an organisation.

You must have:

• access to workplace documentation relating to risk management
• access to risk management tools and frameworks (training.gov.au)

The risk management plan should be suited to application in the workplace and should be suitable for submission to senior management.

You can draw on the guidelines in the International Standard AS/NZS ISO 31000:2009. This is accessible via the internet.

Explain and document the procedures you follow to conduct the risk assessment.

Describe, define and document the risk/s you will address and conduct a risk assessment, ensuring appropriate consultation.

For this project you will need to read and understand a variety of texts and write, edit and proofread documents to ensure clarity of meaning, accuracy and consistency of information. You will have to conduct research and use data collection skills when identifying and evaluating risks. Problem-solving skills will be required when identifying risks and developing treatment plans/ controls.

When developing the plan, address these questions:

What are the risks?

1. How were the risks identified and assessed-what tools were used and why?
2. What controls currently exist?
3. What is the desired situation?
4. What are the risks associated with the desired situation?
5. How does the risk management plan act to reduce the impact or consequences of the risk/s?
6. Does it introduce any new risks?
7. How does the treatment plan fit with the recommendations of the International Standard?
8. Who will the plan benefit and how will it benefit the various stakeholders?
9. Why should the organisation support it? (consider qualitative and quantitative benefits, costs, PR, safety etc)
10. How will you determine performance expectations?
11. How will you monitor and review the operation of the plan?
12. How will you measure its success? (ie what measurement processes will you use and what will you measure its success against)

Format your risk identification, analysis and treatment plan/ proposal in a manner that would be accepted by senior management in an organisation.

Draw up, also, a plan that would enable monitoring and evaluation of the risk treatment procedures you intend to put in place.

Submit the risk treatment/ control plan, the plan to support monitoring and all supporting documentation to the assessor.