Q1 In your own words summarise each component of the leadership and commitment framework The framework can be accessed here ISO 31000 2018(en) Risk management Guidelines Q2 How is 'risk' defined by the International Organization for Standardization Risk Management Standard (ISO 31000 2018), and in relation to risk, how is 'objectives' defined by the International Organization for Standardization Risk Management Standard (ISO 31000 2018) Q3 How is 'the degree of risk' defined by the International Organization for Standardization Risk Management Standard (ISO 31000 2018) Q4 In your own words, summarise How Van Vuuren (2016) describe risk management Q5 Explain what a risk management plan is Q6 Explain the meaning of risk context Q7 The risk environment is the context in which the organisation operates It is made up of several elements that together shape the way an organisation conceptualises and manages risk Read the scenario and identify the risk element Provide an example for each of the following terms inherent risk external risk risk appetite residual risk speed or velocity of onset risk tolerance Q8 Explain why written policies and procedures, the most common control measure, are used to manage risks in children's education and care services (Think about educator obligations in relation to the NQF, legislation and policies procedures) Q9 Using Business Queensland's Prevention, Preparedness, Response and Recovery (PPRR) Framework apply a 'what if 'approach to the following scenario and respond to the questions Nature It's 10am at Blue Bay Early Learning Centre There are 90 children aged between 0 6 years and 17 staff at the centre The water and power suddenly go off due to a severe thunderstorm and torrential rain a How might a Risk management plan with a focus on identifying the likelihood and or effects of risk associated with an incident be of use in this scenario b How might a Business impact analysis with a focus on preparedness (emergency response) be of use in this scenario c How might an Incidence response plan focusing on immediate action, be of use in this scenario d How might a Recovery plan be of use in this scenario

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Q1 In your own words summarise each component of the leadership and commitment framework. The framework can be accessed here: ISO 31000:2018(en) Risk management Guidelines

Q2 How is 'risk' defined by the International Organization for Standardization Risk Management Standard (ISO 31000:2018), and in relation to risk, how is 'objectives' defined by the International Organization for Standardization Risk Management Standard (ISO 31000:2018)?

Q3 How is 'the degree of risk' defined by the International Organization for Standardization Risk Management Standard (ISO 31000:2018)?

Q4 In your own words, summarise How Van Vuuren (2016) describe risk management?

Q5 Explain what a risk management plan is?

Q6 Explain the meaning of risk context?

Q7 The risk environment is the context in which the organisation operates. It is made up of several elements that together shape the way an organisation conceptualises and manages risk. Read the scenario and identify the risk element. Provide an example for each of the following terms

inherent risk
external risk
risk appetite
residual risk
speed or velocity of onset
risk tolerance

Q8 Explain why written policies and procedures, the most common control measure, are used to manage risks in children's education and care services. (Think about educator obligations in relation to the NQF, legislation and policies/procedures).

Q9 Using Business Queensland's Prevention, Preparedness, Response and Recovery (PPRR) Framework apply a 'what if 'approach to the following scenario and respond to the questions.

Nature!

It's 10am at Blue Bay Early Learning Centre. There are 90 children aged between 0-6 years and 17 staff at the centre. The water and power suddenly go off due to a severe thunderstorm and torrential rain.

a. How might a Risk management plan with a focus on identifying the likelihood and/or effects of risk associated with an incident be of use in this scenario?

b. How might a Business impact analysis with a focus on preparedness (emergency response) be of use in this scenario?

c. How might an Incidence response plan focusing on immediate action, be of use in this scenario?

d. How might a Recovery plan be of use in this scenario?