To complete the following activities, you should choose and refer to a risk that could occur in your industry. You are required to prepare to lead a business meeting with relevant stakeholders. To plan for this meeting, you must prepare a risk treatment action plan to demonstrate that you are able to take the appropriate action when treating 2 business risk using the templates provided When preparing your risk treatment action plan, you must: Outline the risks selected Determine the overall objective Outline tasks required to treat the risk List the resources you will require Determine an appropriate timefrarne List the people who will be responsible or involved. Y Y Y Y Y Y a} Complete the Risk Register Template bl Complete the Risk Treatment Schedule and Plan Risk Register Category Risk - what and how Consequence Likelihood Existing Controls Level of Risk Risk can it happen Priority Business Risks A possible risk for a If a business faces Likely Businesses have financial Moderate Medium business is that they financial difficulties, planning and control measures could face financial this could lead to the in place difficulties. This could business having to cut happen if the business is costs, lay off staff, or not making enough even close down. profit, if they are overspending, or if they are not efficient in their operations. Workplace health Wet and greasy floor in Slip and fall resulting in | Very likely Signage- warning about wet Very high High and safety the kitchen injury floor food preparation and clean up areasRisk Treatment Schedule and Plan Risk Possible Treatment Preferred Person Resources Required Timeframe Options Options Responsible for Implementation The potential for the Develop a financial The overall The Board of Directors Financial resources Long-term: to monitor company to go plan bankrupt objective is to and evaluate the plans protect the company from bankruptcy and legal action. Slip and fall due to Coaching the staff to |Coaching to Owner/ manger Time for coaching Immediately- maximum wet and greasy floor immediately display a clean up Employees Funds to possibly 3 weeks signage of a spill Searing a slip WHS officer or subsidise cost cod occur resistant footwear representative compliant footwear Coaching the staff on how to immediately and effectively clean up a spill PPE: footwear to make it compulsory for kitchen staff and others to wear slip resistant footwear2. This activity requires observation. As a roleplay activity, you must lead a business meeting with a small group of your peers who will play the role of relevant stakeholders, and present the action plan your developed in Question 1. During the meeting with the stakeholders, you must: '1 Demonstrate that you have planned and developed a risk management action plan that you can share with the relevant stakeholders 'r Demonstrate that you have planned and developed concise content that is appropriate and relevant ) Demonstrate that you have followed any relevant organisational and legislative requirements. During the meeting, you should work in collaboration with your peers, use problem-solving skills to negotiate and resolve any risk challenges that are identified, and acknowledge stakeholder input if necessary. Your meeting should be no longer than 15 minutes. The Assessor Observation Report will outline the criteria you will be assessed on. Task two: Instructions This activity will enable you to demonstrate the following performance evidence: > Lead at least one risk management process for an organisation or work area. In the course of the above, the candidate must: Be Analyse information from a range of sources to identify the scope and context of the risk management process, including: stakeholder analysis political, economic, social, legal, technological and policy context current arrangements objectives and critical success factors for the area including scope risks that may apply to scope 3* Consult and communicate with stakeholders to identify and assess risks, determine appropriate risk treatment actions and priorities and explain the risk management processes Develop and implement an action plan to treat risks Monitor and evaluate the action plan and risk management process Maintain documentation. OOODO VVV