Case Scenario

you have completed the risk management action plan, you have called a meeting with all staff and all investors to inform them of the plan and to communicate the risk management process to the relevant parties.

Assessment Task

Conduct a stakeholder meeting to implement the Risk Management Action Plan

Once a Risk Management Action Plan has been created or has been changed, it also needs to be implemented. That requires the manager or leader to notify all the stakeholders and to ensure that they are fully aware of the plan and its content. A stakeholder meeting is the most prudent and effective way to communicate crucial points and important changes and requirements. In this exercise you are to role-play leading a stakeholder meeting to implement the risk management plan.

The Assessment - Evidence Criteria

To Satisfactorily assessment, you need to demonstrate that you are able to; develop and implement an action plan to treat risks; analyse information from a range of sources to identify the scope and context of the risk management process; consult and communicate with relevant stakeholders to identify and assess risks, determine appropriate risk treatment actions and priorities and explain the risk management processes; communicate risk management processes to relevant parties and that you are able to invite relevant parties to assist in the identification of risks.

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