Task 2 PART A Assessment Instruction s Using the information gathered in Assessment Task 1 and the case study provided, examine the likelihood and consequences of identied risks, prioritise the risks and determine options for treatment of each risk. Using this information you are required to develop an action plan for implementing risk treatment, document the plan as required, and communicate the risk management plan to relevant parties. Procedure For the case study information provided in this assessment and from Assessment Task '1, you need to develop a report for your manager {assessor} with the headings as described below. 1. Likelihood For each risk, assess the likelihood of the risk occurring. 2. Consequence For each risk, assess the consequence of the risk occuning. 3. Priorities Use a risk calculation table to assist in prioritising the risks. 4. Options For each prioritised risk, outline at least two suitable options for treating the risk. After you have completed the above steps, you need to: 5. develop a risk management plan by completing the table included in this task and attaching it to your report 5. communicate the plan to your organisation by submitting your report and the risk management plan to your manager (your assessor} for internal distribution. When submitting the report and plan, you need to ensure that: a. your report is titled 'Risk analysis and management plan' b. your report is in order, with the Risk management table attached to the back of your report c. your report is submitted as required by your organisation [your training provider]. To be deemed competent you will need to successfully demonstrate the following: You must provide: . a completed risk analysis report as outlined above - a completed risk management table, in the required format. PART B Assessment Instruction s Review the implementation of the action plan developed in Part A against the case study provided. Then prepare a monitoring report evaluating the risk management process. Procedure Review the provided case study information in order to develop a report examining the ongoing implementation of a risk management action plan. Use the following headings. 1. Plan a clear summary of the initial risk and the plan implemented to manage it. 2. Implementation a summary of all actions taken to date in attempting to manage identied risks. 3. Outcomes a clear statement identifying continued andlor reduced risks, with supporting information in tables or graphs where available