You are required to review the organizations current processes, procedures and requirements and develop a risk management plan in accordance with current risk management standards.1. Choose at least three legislations/policies/procedures and explain them in detail. 2. Establising the context of Risk management plan ? Company's purpose: ? Company's main goals and activities: ? Strategies already exist for managing risk: 3. Detailed stakeholder analysis: ? Internal stakeholders: ? External stakeholders: 4. PEST analysis 5. SWOT analysis Positives: StrengthsNegatives: Weaknesses OpportunitiesThreats 6. Critical success factors and objectives 7. Identification and analysis of risks Identifying organisation's risk factors:Source of RiskDefine the RiskWhom/ What Could be Affected by this Risk (consider people, assets etc).1. 2. 3. 4. 5. Risk AnalysisIn order to analyse the risks, we need to consider:1. The likelihood of a risk occurring; and2. The consequences if the incident occurred. Measures of Likelihood: LikelihoodRiskAlmost Certain Likely Possible Unlikely Rare Measures of Consequence: ConsequenceRiskCatastrophic Major Moderate Minor Insignificant Risk Analysis Matrix ConsequenceLikelihoodInsignificant1Minor2Moderate3Major4Catastrophi5Certain: 5 Likely: 4 Possible: 3 Unlikely: 2 Rare: 1 Risk rating for the identified risks:RiskLikelihoodConsequenceRisk Rating1. 2. 3. 4. 5. 8. Action plan- Risk treatment options RiskRisk RatingOptions for treatment of risk1. 2. 3. 4. 5. 9. Saving documents for risk management plan Part B - Communication Process MEETING AGENDA Date:Time:Location:Meeting Chairperson:Attendees:?MEETING TOPICS: Agenda Item ????????Presented by:? I. Introduction and Welcome?????ChairpersonII. III. IV. V. VI. VII. VIII. VIII. Part C- Implement and monitor the Risk Management PlanMonitoring the Risk management action planIdentified RiskRisk Priority rankingRisk Treatment options/ActionsTimeframe to complete risk treatmentsResponsible personResources are Neededdate controls are due for review Part D- Report - Risk management process evaluation When you monitor the effectiveness of control measures, it is helpful to ask the following questions:? Have the chosen control measures been implemented as planned?? Are the measures being used correctly?? Are the chosen control measures working?? Has the risk management process added value for your company?

Student ASS Project Assessment Task 1 For this task you are to choose an organisation to base your risk management plan on. The organisation may be the business/company you work for or a company of your choice or it could also be an area of the Registered Training Organisation in which you are studying. If you choose to do the risk management plan on your workplace you must provide evidence to your Assessor of any communication you have had with colleagues/stakeholders. Your assessor may ask you further questions for clarification on any of the points in the checklist. If you choose a company you are not associated with or the Registered Training Organisation, the RTO will be the simulated work environment. The Trainer/Assessor and other students may play the roles of colleagues and stakeholders where required for this task and your Assessor will observe the Role Plays to ensure all points in the checklist are covered. Part A You are required to review the organisations current processes, procedures and requirements and develop a risk management plan in accordance with current risk management standards. To assist in gaining the required Information, you are to discuss, communicate with and obtain information on the points below from colleagues and/or stakeholders. Your review of the risk management plan must include: 1. Review of the organisations processes, procedures policies and requirements 2. Explain the scope and the risk context of the plan 3. A detailed stakeholder analysis which includes internal and external stakeholders and any issues or concerns they have raised. 5. A SWOT analysis 4. A PESTL analysis including policy context Polite calleconomic / ssade /echo 6. Scope which includes critical success factors and objectives gical 7. Identification and analysis of risks. 8. Options for treatment of risks and an action plan for implementing the risk treatment. is saved. 9. Once the risk management plan is completed, ensure all documentation is in order and explain where it Your evaluation of risks must include: considering the likelihood of the risk occurring considering the impact of the risk determining which risks are most significant and are therefore priorities for treatment Your action plans should include: what actions are required time lines who is taking responsibility monitoring processes Your risks may include those relating to: human behaviour