Assessment 1

lement	Performance Criteria (PC)	Assessment 1
1 Establish risk context	11 Evaluate organisational processes, procedures and requirements and determine scope for risk management process	Part A: Question 1 Part B: Question 1
12 Review strengths and weaknesses of existing arrangements	Part B: Question 2
13 Document critical success factors, goals and objectives for area included in scope	Part A: Question 3
14 Communicate risk management process to relevant stakeholders	Part B: Question 4
2 Identify risks	21 Invite stakeholders to assist in the identification of risks	Part A: Question 4 Part B: Question 3
22 Research risks that may apply to scope	Part A: Question 2 Part B: Question 4
23 Document risks that apply to the scope, in consultation with relevant parties	Part A: Question 3

Performance Evidence (PE)	Assessment 1
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
1 lead at least one risk management process for an organisation or work area	Part B: Question 1
In the course of the above, the candidate must:

A20060 Risk Management 2 | BSB50420 Diploma of Leadership and Management | Assessment v1.0 Young Rabbit Pty Ltd (ABN 28 003 381 182) trading as Australian Pacific College RTO Code: 90396 | CRICOS Provider Code: 01331F | 2021

23 current arrangements

25 risks that may apply to scope

Part B: Question 2

Part B: Question 1

21 stakeholder analysis	Part A: Question 4
22 political, economic, social, legal, technological and policy context	Part A: Question 1 Part B: Question 2, 5

24 objectives and critical success factors for the area included in scope

Part A: Question 2

6 maintain documentation

Part A: Question 3 Part B: Question 2

Knowledge Evidence (KE)	Assessment 1
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
1 legislative and regulatory context of the organisation in relation to risk management	Part A: Question 3 Part B: Question 1, 4
2 organisational policies, procedures and processes for risk management, including document storage	Part B: Question 4
3 types of business risks	Part B: Question 3
5 risk management process	Part A: Question 4
6 purpose and key elements of current risk management standards	Part B: Question 2
7 tools and techniques to identify risks to scope risk management processes	Part A: Question 4 Part B: Question 1, 5

BSB50820 DIPLOMA OF PROJECT MANAGEMENT

A20247 PROJECT RISK 2

Questions:

Part A - Written Responses

Question 1:

What is the context for risk management? (PC 11, PE 22

Question 2:

Why is it important to set the scope for risk management? (PC 22, PE 24)

Question 3:

Explain why it is necessary for a business to document the identified risks and their treatment (PC 13, 23, PE 6, KE 1)

Question 4:

When identifying risks, why is it important to involve relevant stakeholders in the consultation? (PC 21, PE 21, KE 5, 7)

Part B - Case Study

Scenario

You have opened your own business, a restaurant in the Gold Coast and have been operating for 3 months The business has been very successful as you provide charcoal BBQ, and the meats have specific ingredients, which give an unforgettable taste to their customers The charcoals are placed on the table, and the customers cook the marinated meats on the charcoals

As the way of serving customers is different to other restaurants, the employees receive one-day training when they are employed, and take online fire training, too As you wish to maximise the profits, currently, the corridor is very narrow, and the fire braziers are carried by the serving employees Moreover, you work as the floor manager and arrange tables for the customers and manage serving staff Currently, there is only one cashier available and she works 7 days a week

The locale of your restaurant is to be developed by the local council, and more attractive facilities and parks are to be opened in 2 years More tourists and visitors will come to the area For this reason, the landlord is planning to increase the rent price

The restaurant has the following current conditions:

Currently, all serving employees take orders on paper and do not have a POS system

All cash payments are counted on the morning of the next day

The employees do not have a formal and legalised employment contract

To minimise the delivery costs, the supplies are only done once per week

Currently, there are 4 cooks, 20 serving employees and 1 cashier working in the

restaurant

Sometimes, the food stocks are stored in the emergency exit

The order papers are collected by the cooks, and the owner collects them at the end of

operating hours

There are no documents placed in the restaurant for the identified risks and their

treatment

The newly employed staff receive training for customer service, food hygiene and

online fire training

The restaurant has 5 fire extinguishers in the restaurant, and the staff can access the fire

extinguishers in less than 20 seconds

Required: Question 1:

a You are required to evaluate and comment on the organisational processes and

procedures for risk management (PC 11)

b From the scenario, you are required to use the following table to develop the scope for

risk management The first entry is provided as an example (PC 11, PE 1, 25, KE 1, 7)

Business operation / Activity	Possible outcomes	Internal / External	Objectives	Timeframe	Solution	Responsible Person
Serving charcoal to customers	Get injured by the charcoal	Internal	Avoid	Everyday	Establish safety policy and implement	The owner
Specific ingredients on food
One-day training
Cash stolen
No formal employment contract

Question 2:

You are required to conduct an analysis of the strengths and weaknesses of the current arrangements for risk management (PC 12, PE 22, 23, 6, KE 6)

Question 3:

a ou are required to call a brainstorming meeting to identify risks Identify relevant stakeholders who need to be involved in the meeting (PC 21)

b Based on the scenario given, identify 5 risks in business operations, including WHS risks (KE 3)

Question 4:

a You are required to research information about the minimum wage for serving employees (waiter & waitress) and the need for the employment contract Provide your findings This is related to risk in business operations (PC 14, 22, KE 1, 2)

b If the restaurant does not follow the award for the serving employees, what will happen to the restaurant? (KE 1)

Question 5:

Conduct a PEST analysis for the restaurant from the scenario You are required to use the following table and research the restaurant industry For each factor under the PEST analysis, at least 2 suggestions are required (PE 22, KE 7)

Political factors
Economic factors
Social factors
Technological factors