The Griffith University website describes the benefits of trimesters as follows (trimesters were introduced in 2017). What are the benefits of a trimester system? The trimester model provides you with the option to accelerate your study and complete your degree sooner. Depending on your program, trimesters may also offer you greater flexibility to balance work, study and lifestyle commitments. You may also have a program structure that may allow for a lighter workload and enable you to spread your units of study across the three trimesters (Trimester 1, Trimester 2 and Trimester 3). Using Table 5.3: A five-step risk assessment process (below), identify and discuss five risks of the Griffith University trimester strategy.

Table 5.3: A five-step risk assessment process Step Identify risk issues 1. 2. Determine possible causes 3. Determine possible consequences Description Describe and identify the risk. Specify the risk categories, and which pose a threat to the organisation. Why and how might the risk eventuate? Be specific when identifying the causes of each potential risk. Remember that there could be more than one cause. What is likely to happen? What are the consequences for the organisation's vision, values, stakeholders, options, etc.? Consequences should be rated from insignificant to catastrophic. Analyse the likelihood of the risk occurring, as well as the likelihood of each possible consequence. Look at the effectiveness of existing controls, as well as decide new mitigation methods. Risk ratings are based on a combination of the consequence rating and the likelihood of occurrence. 4. Determine current likelihood 5. Determine risk rating Source: Adapted from Small Business Development Corporation 2011, 'Risk management plan', Biz Guides, Government of Western Australia, Perth. Table 5.3: A five-step risk assessment process Step Identify risk issues 1. 2. Determine possible causes 3. Determine possible consequences Description Describe and identify the risk. Specify the risk categories, and which pose a threat to the organisation. Why and how might the risk eventuate? Be specific when identifying the causes of each potential risk. Remember that there could be more than one cause. What is likely to happen? What are the consequences for the organisation's vision, values, stakeholders, options, etc.? Consequences should be rated from insignificant to catastrophic. Analyse the likelihood of the risk occurring, as well as the likelihood of each possible consequence. Look at the effectiveness of existing controls, as well as decide new mitigation methods. Risk ratings are based on a combination of the consequence rating and the likelihood of occurrence. 4. Determine current likelihood 5. Determine risk rating Source: Adapted from Small Business Development Corporation 2011, 'Risk management plan', Biz Guides, Government of Western Australia, Perth