Unit Name: BSBRSK501 - Manage Risk Assessment

1. For your organisation (or an example organisation), provide the details of two areas within the business and the requirements under these that require risk management (e.g. work health and safety).

At your workplace (or an example workplace) list the stakeholder types/groups and an issue for each.

2. How do the following affect risk management in the workplace?Explain each point with a current example.

• Political
• Economic
• Social
• Legal
• Technological
• Policy

3. For your workplace (or an example workplace), assess the strengths and weaknesses of the existing risk management process for one area of business (e.g. financial or operations).

4. Following on from question 4 and your one area that you have assessed: identify and give three critical success factors, goals or objectives that can help achieve good risk management in this area.

5. As a role play, perform the following as a learner group activity: In groups of approximately five people, take turns to represent the risk assessment manager holding a group discussion with a group of stakeholders (e.g. managers, colleagues, employees, etc.). Discussions may last approximately 10-20minutes for each turn. 6. As risk assessment manager, you will need to choose one area of risk management (relevant to your business industry/workplace) and seek support and participation from your stakeholders to assist in risk management activities. Provide information on the support that you will need and how your stakeholders can participate.

Do a script that you can use to invite a specific stakeholder group to assist in risk identification. Provide details of the risk area and the requirements that the stakeholder group will need to fulfil.

7. Choose a scope (or area) of risk management in the workplace and perform a brief research of the risks that may be involved. List five risks that you have found.

8. As a real or simulated workplace activity as directed by the assessor; you must work with a small group of workers (approximately three persons) to determine their department risks or the specific risks associated with their roles. You should discuss risks with them and use tools and techniques to assess these. Tools may include work records, incident logs, checklists, and interviews. Techniques may include risk assessment, qualitative and quantitative analysis of information, examinations and observations. List down your identified risks as a list.

9. Name three analysis techniques that you can use to determine the likelihood of risks occurring.

10. Provide a system of scale that you can use to show the impact of risks.

11. For two risks that you identified in Queston 10, assess the likelihood of their occurrence and the impact or consequence of these if they do occur.

12. Using the hierarchy of controls, evaluate and prioritise your two risks from question 10, and identify options to manage (or treat) these.

13. Following on from question 11, for your two risks, identify the most appropriate option (or options) for treating these. 14. Identify and list down the risk control strategy that best suits each one, and the option(s) you have chosen.

15. As a real or simulated workplace activity as directed by the assessor; you must develop a risk action plan to implement risk treatment. You must choose one area or work matter that needs risk management. This can be one of your own choosing, or you may prefer to decide this with assistance from your assessor. You can provide a text document, or you may prefer to document your plan as a table (such as the example shown in the Learner Guide) or in another graphic format. Your plan must be clear in purpose and provide meaning.

16. As a real or simulated workplace activity as directed by the assessor; you must explain the risk management process to a small group of workers in a spoken communication. The risk management process includes:

• Identification of hazards and risks
• Risk assessment
• Risk measures and controls
• Monitoring and reviewing risk controls.

Prepare for your communication: this will include the content and order of information (what you will say/present), your delivery of information (how you will say this) and any accompanying diagrams or charts that you may want to use. Deliver your communication to the group, allowing time for questions at the end. (This should take approximately 15 to 20 minutes.)

17. Why should you keep documentation of the risk management process and activities, and how should you store this information?

18. Following on from Activity 13; explain how you would implement and monitor your action plan to treat the risk(s). Your answer should be no more than one A4 page.

19. Using the risk management process you reviewed in Activity 1.1; look at this information again, and with your new-found knowledge and experience, evaluate the process in more detail. Identify three points relating to this that you would want to either change or develop in some way.