BSBRSK501 Manage Risk - Implement Risk Management Plan

BSBRSK501 Manage Risk - Implement Risk Management Plan

Instructions

Assessment Task 3 requires you to implement the Risk Management Plan including at least two risk treatments plus review the plan and treatments in consultation with your Assessor.

Modify your Risk Management Plan according to feedback from your Assessor on Assessment Task 2. Implement the Risk Management Plan including the risk treatments and action plan.

You are required to conduct two of the interactions with stakeholders under the supervision of your Assessor (can be recorded) to demonstrate your communication and consultation skills.

You are required to implement your monitoring strategies to determine the effectiveness and efficiency of the risk treatments and action plan.

You are to collate all of the information from the implementation and monitoring review and submit to your assessor. Following this submission your assessor will conduct an interview with you to verify the Risk Management Process and outcomes.

Students can use policy and procedures and templates from their workplace or the simulated environment Superior Implements (SIM Co.)

Materials To Be Supplied From Superior Implement (SIM Co.) Intranet:

• Risk Management Policy
• Risk Management Plan
• Stakeholder Communication plan.

Work, Health and Safety:

Students should conduct a risk assessment for any work environment and

• activity including:
• ergonomic and safe work station
• professional interactions with stakeholders
• internet safety and security of information.

Assessment Criteria:

To achieve a satisfactory result, your Assessor will be looking for your ability to demonstrate the following key skills/tasks/knowledge to an acceptable industry standard:

• Information analysis
• Organisational policies and procedures and risk management standards
• Legislative and regulatory context
• Stakeholder consultation and communication
• Documentation development and maintenance

Instructions to Assessor

Students can use policy and procedures and templates from their workplace or the simulated environment Superior Implements (SIM Co.).

Materials to be supplied from Superior Implement (SIM Co.) intranet:

•             Risk Management Policy

•             Risk Management Plan

•             Stakeholder Communication plan.

Use the Marking Criteria provided to assess the student’s Risk Management Plan implementation and monitoring process. Organise an interview with student to discuss the full Risk Management process, including planning, implementation, monitoring and review.

Task

You will assume the role of the Risk Manager for a particular workplace activity. To assist you in this process use the Risk Management Plan and associated documents developed in Assessment Tasks 1 and 2.

For the activity negotiated in Assessment Tasks 1 & 2, you need to develop a report for your

Manager/Assessor to address the following concepts:

1. Modification of the Risk Management Plan following feedback from your Manager/Assessor.
2. Implementation of the risk treatments and action plan including communication/consultation with relevant stakeholders to identify risks, explain roles, responsibilities, expectations and activities. (Two of the consultation activities are to be recorded and/or observed by the Assessor)
3. Implement the monitoring strategies to assess efficiency and effectiveness of treatments and collate the feedback and results including those from the Risk Management Plan.
4. Review the entire risk management planning, implementation, monitoring and review process and identify successful components and opportunities for improvement in all stages of the process.
5. Collate all information gathered through the risk management planning, implementation and review and analyse to develop a report for your Manager/Assessor. Submit the Report to your Assessor.
6. Your assessor will review your Assessment Task 3 and contact you for a review interview. During this interview they will be assessing your communication skills, understanding of Risk Management Standards and processes and reflection on the success of the risk management planning, implementation, monitoring and review processes.

Submission Details:

Submit the report and accompanying documents in a portfolio, ensuring that your portfolio:

• is titled ‘Risk Management Implementation and Review’
• is in order, with attachments on the back of your report, including monitoring data, information and feedback
• is professionally formatted accordingly to organisational policies and procedures including:
• file structure and naming convention
• footer, header and version control
• spelling, grammar and proof reading/editing
• is submitted as required by the submission instructions.