Develop a risk management plan for an agreed organisation

Reference no: EM133186014

BSBRSK501 Manage Risk

TASK 3 Risk Management Plan

You will be required to develop a Risk Management Plan for an agreed organisation of your choice. This will involve you planning, conducting and evaluating a Risk Management Program. For the purposes of this Assessment, an organisation can refer to a small business, work group, division with a larger organisation or sporting group.

Your Risk Management Plan will need to be in the format of a written report and outline the scope and context of the risk management process you propose and include the following:

• A detailed stakeholder analysis

• An explanation of the risk context and the impact that each of the following will have on your organisations approach to risk management:

- Political

- Economic

- Social

- Legal

- Technological

- Policy

• Any arrangements that are currently in place

• Outline of key goals, objectives and critical success factors for the area included in the scope

• A SWOT diagram identifying the risks that may apply to the scope

• Identify each of the Internal and External stakeholder groups and outline a list of the key issues for each group

• Include a rationale for how you plan to communicate the risk management process with key stakeholders. You should outline how you plan to identify and assess risks and determine the appropriate risk treatment actions and priorities and what the Key messages and Delivery strategies are as well as how input and participation will be encouraged and supported

• Your analysis of the risk should be illustrated on a risk matrix and include an assessment of the likelihood of the risk occurring; the impact or consequence if the risks occur and an evaluation and prioritisation of the risk for treatment

• How you propose to develop and implement your action plan to treat the risks

• Your proposed system for monitoring and evaluating the action plan and any risk management processes you intend to implement

• A list of the documentation (Risk Action Plan and documentation) you will require and a proposal for how you plan to maintain this

Attachment:- Manage Risk.rar

Reference no: EM133186014

Questions Cloud

Explain the concept of double entry accounting : Explain the concept of double entry accounting and the impact that this principle has on the provision of credible financial information

What is its expected return : An investment portfolio has a 30% chance of earning $125,000 in a year, a 40% chance of earning $50,000, What is its expected return

Determine the depreciable cost : A building acquired at the beginning of the year at a cost of $122,700 has an estimated residual value of $4,700. Determine the depreciable cost

Accumulated value of the rrsp : What was the accumulated value of the RRSP at the end of the 5 years? Round to the nearest cent.

Develop a risk management plan for an agreed organisation : Develop a Risk Management Plan for an agreed organisation of your choice. This will involve you planning, conducting and evaluating a Risk Management Program

How do groups and teams impact health care organizations : Question 1: How do groups and teams impact health care organizations? Provide examples.

Impact of employer mandates on small businesses : 1. Do you think Employer Mandates under ACA was appropriate and justified?

Calculate product expected economic profit : The concept of supply and demand is the heartbeat of economics. Much of what is studied in the field of economics ties directly to supply and demand.

Conduct risk management assessment for entire organisation : Conduct a risk management assessment for the entire organisation. Your manager has requested that you prepare a response to this request in the form of a report

User Account

All Pages