BSBOPS504 Manage Business Risk - Risk Assessment Report - Assignment Help

Instructions

You must complete this assessment task on your own and are not to work in groups. It must be your own work.

You will be asked to complete a project on what you have learnt. Read and respond to the project instructions. You will need to access the Supporting Documents available for this unit.

Establish the Context and Identify the Risks

1. Evaluate your organisation’s current risk management approach.
2. Evaluate organisational processes, procedures and requirements for undertaking risk management.
3. Determine the scope for the risk management process.
4. Identify relevant stakeholders and preparing information for consultation.
5. Evaluate the political, economic, social, legal, technological and policy impacts on the organisation.
6. Review the strengths and weaknesses of existing arrangements.
7. Document the critical success factors, goals and objectives.
8. Research, identify and assess risks that apply to the scope.
9. Use tools and techniques to determine risks and prepare information to share with stakeholders.
10. Complete a risk matrix that identifies and analyses risks.
11. Evaluate and prioritise risk control.

Develop a plan for treating risks

3. Develop a risk action plan for treating risks.
4. Determine the most appropriate options for treating risks.
5. Ensure all documentation is appropriately stored, maintained, accessible and secure.
6. Obtain approval from stakeholders to implement the action plan.

Monitor and evaluate the treatments

5. Implement the risk action plan and risk management process.
6. Monitor adherence to the process.
7. Evaluate the implementation of the process against milestones, goals and objectives.
8. Report on the outcomes of the evaluation.