68090 – AssessmentName: Surname:Student ID:Qualification: BSB61015Training

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AssessmentName: Surname:Student ID:Qualification: BSB61015Training Package: BSB Business ServiceDue Date:Week 4 Assessment Type:Assessment GuidelinesPlease read the following assessment guidelines carefully.1. The purpose of this activity is to assess your knowledge and skills in Manage Risk.2. If you have any considerations that may affect your performance in the assessment, please inform your assessor immediately. Your assessor will provide you with a suitable alternative to complete this assessment.3. Your assessor will mark your assessment and provide feedback and a grade to you via the assessment submission on Moodle.4. If you feel the decision made by your assessor was incorrect you have the rights to appeal the grading through filling out an appeals form which will then be handle by the Academic Manager.5. A “NYS” (not yet satisfactory) result of this task may be returned to you for a re-assessment. Re-assessments must be submitted by an agreed date with your assessor.6. The re-assessment work must address the specific performance tasks beyond doubt for the assessor to issue a satisfactory (pass) result. A repeat NYS outcome could lead to an administration fee for further reassessment.7. All work must be done individually. Copied work will not be accepted andBy adding my name to this document, I hereby declare the work is my own and has not been copied from any other source.Student NAME:_______________________________________ Date:_________________Assessment OverviewIn this assessment your knowledge of Manage Risk will be looked at through four activities.You need to use the knowledge you have gained first hand through your own experiences in the workplace combined with the lecture slides, uploaded on Moodle and the learner guide to help you answer the questions.Your assessment once completed needs to be uploaded into Moodle for marking by your trainer.Should you experience any issues downloading your assessment or uploading your assessment please notify your class trainer as soon as possible as all assessments need to be uploaded into Moodle for marking.Once your assessment has been marked you will receive notification if your assessment is competent or Not Yet Competent. If you receive Not Yet Competent your trainer will provide you with comments guiding, you to which areas need to be fixed before you resubmit the assessment.Task A – Knowledge-based Questions1. Outline the purpose of current risk management standards.2. Outline the key elements of current risk management standards.3. What do organisational policies and procedures for risk management provide?Task B –Risk ReviewFor the provided case study, you will assume the role of the risk manager.1. Review the provided MacVille Risk Management Policy and Risk Management Strategy and complete a written report by the Appendix 1 for your manager (your trainer).Executive SummaryScope Identify the scope of risk management required in your identified role.Goals Identify and describe the critical success factors, goals or objectives for areas included in scope.Stakeholders Identify internal and external stakeholders, their role in the process, and any issues or concerns they have. Present this using the table format provided.Stakeholder Internal/external Role in process Stake in processAnalysis Complete a PEST analysis and a SWOT analysis for risks associated with the scenario. Include reference to relevant legislation.PEST analysisPolitical future legislation/international legislation /regulatory bodies and processes /government policies /government term and change /trading policies /funding, grants and initiativesEconomic specific industry factors/market routes trends/distribution trends/customer/end-user driversinterest/ exchange rates/international trade and monetary issuesSocial ifestyle trends/demographics/consumer attitudes and opinions/media viewsTechonology competing technology development/research funding/associated/dependent technologies/replacement technology/solutions/maturity of technology/manufacturing maturity and capacitySWOT analysisStrenghts Resources, Assets, People? /Experience, knowledge, data? /Financial reserves, likely returns? /Marketing – reach, distribution, awareness? /Innovative aspects? /Location and geographical? /Price, value, quality?Weaknesses Own known vulnerabilities? /Timescales, deadlines and pressures? /Cashflow, start-up cash-drain? /Continuity, supply chain robustness? /Effects on core activities, distraction? /Reliability of data, planOpportunities Global influences? /New markets, vertical, horizontal? /Niche target markets? /Geographical, export, import? /New USP’s? /Tactics: eg, surprise, major contracts? /Business and product development?Threats Market demand? /New technologies, services, ideas? /Vital contracts and partners? /Sustaining internal capabilities? /Obstacles faced? /Insurmountable weaknesses? /Loss of key staff?Research Review and summarise the research information provided in the case study, as well as any literature available that is relevant to this scenario. Primary/secondary data should be includedDescribe Complete the analysis of risk for the scenario by summarising the scenario and associated risks, accompanied by checklists, diagrams or flowcharts that support the summary.Risk DetailsConclusion2. After you have completed the above template, you need to meet with your manager (trainer) and discuss the draft report you have developed, especially your understanding of the critical success factors and goals (you should check that your manager { trainer } agrees with your findings).MacVille Risk Review ChecklistPrepared by: Position: Signature: Date:Inspected by: Position: Signature: Date:Risk Review Element Y/N/NA General RecommendationsY = Up to standard (adequate), N = Below standard (action required), NA = Not Applicable1. Scope of risk management2. Goals and objectives3. Stakeholders analysis4. PEST analysis5. SWOT analysis6. Case review7. Risk analysis8. Critical Success Factors3. Make a draft of the communication your manager suggested you use for consultation with a stakeholder or particular group of stakeholders.i. For example, if stakeholders desire a phone call, you should include a draft script of information that you need to share with stakeholders.ii. Whatever the form of communication, it must clearly ask stakeholders for input, and invite them to assist in the identification of risk for this scenario.Task C– Risk Management plan1. Risk Analysisa. Using the information gathered in previous task and the case study provided, examine the likelihood and consequnces of identified risks.ConsequenceAlmost certainLikelyModerateUnlikelyRareb. What is the process used to identify risks and assess likelihood, consequnce, priority?c. Why are the options effective and feasible for the organisation?2. Communicate with your manager or assessor, and develop a risk management plan by completing the table below.Risk management planRisk Assess risk (L,M,H,E) Controls Monitoring Timelines ResponsibleRisk Assess risk (L,M,H,E) Controls Monitoring Timelines ResponsibleDate ____________ Manager’s signature ___________Task D – Monitoring reportReview the provided case study in order to develop a report examining the ongoing implementation of a risk management action plan. Once you complete the assessment, you should upload to Moodle.Risks Plana clear summary of the initial risk and the plan implemented to manage it Implementationa summary of all actions taken to date in attempting to manage identified risks Outcomesa clear statement identifying continued and/or reduced risks, with supportinginformation in tables or graphs where available Evaluationa clear anlaysis of theeffectiveness of the riskmanagement plan, by comparing theimplementation with the outcomes

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