Risk and Technology

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Page 1RT.A.12.3.1 Assessment 2 Question Set 2 – Rubric_V3.1 0921© 2021 Chartered Accountants Australia and New Zealand ABN 50 084 642 571. All rights reserved.Risk and TechnologyAssessment 2Rubric
Requirement 1Evaluate the current risk management for Clean Hotels (excluding biz4intellia):a) Identify where the RAS is misaligned with the Risk Register and make relevant recommendations to the Riskand Audit Committee.b) Considering Clean Hotels’ strategic objectives, assess which risk category is missing from the Risk AppetiteStatement and Risk Register. Recommend four steps management should take to include the identified risk inthe risk management process.
Page 2RT.A.12.3.1 Assessment 2 Question Set 2 – Rubric_V3.1 0921© 2021 Chartered Accountants Australia and New Zealand ABN 50 084 642 571. All rights reserved.
Exemplary100%
Highlyproficient75%
Meetsexpectation50%
Belowexpectation25%
No attempt/no assessableattempt0%
Total
Assessment criteria: Evaluate current risk management1 a) Identify where the current RAS is misaligned with the risk register
Identifies in a clearand concise mannerall four areas ofmisalignmentbetween RAS andrisk register andcorrectly illustratesthe misalignments.
Identifies in a clearand concise mannerthree areas ofmisalignmentbetween RAS andrisk register andcorrectly illustratesthe misalignments.
Identifies in a clearand concise mannertwo areas ofmisalignmentbetween RAS andrisk register andcorrectly illustratesthe misalignments.
Insufficient, orundeveloped; fails toidentify or identifiesand illustrates only onemisalignment betweenRAS and risk register.
No attempt, or noassessable attempt.
/4
1 a) Make relevant recommendations to the Risk and Audit Committee
Provides clear andlogicalrecommendationson how to addressmisalignments in allfour risk categories.
Provides clearrecommendationson how to addressmisalignments inthree risk categories;occasionalinconsistenciesevident in logicand clarity.
Provides clearrecommendationson how to addressmisalignments in tworisk categories; attimes lacks logicand clarity.
Provides insufficientor undevelopedrecommendationson how to addressmisalignments in anyrisk category; logic andclarity not evident orhard to follow.
No attempt, or noassessable attempt.
/8
Assessment criteria: Evaluate current risk management1 b) Given strategic objectives, assess which risk category is missing from the Risk AppetiteStatement and Risk Register
Assesses validmissing risk categorywith concise andlogical assessmentof alignment withstrategic objectivesand risk documents.
Assesses validmissing riskcategory with basicassessment ofalignment withstrategic objectivesand risk documents.
Identifies validmissing risk categorywith insufficient orunderdevelopedassessment ofalignment withstrategic objectives.
Identifies valid missingrisk category with noassessment ofalignment with strategicobjectives.
No attempt, or noassessableattempt.
/4
1 b) Recommend four steps management should take to include the identified risk in the riskmanagement process
Provides fourappropriaterecommendationson how to incorporatethis missing riskcategory into the riskmanagementprocess.
Provides threeappropriaterecommendationson how to incorporatethis missing riskcategory into therisk managementprocess; fourthrecommendationmissing orinappropriate.
Provides twoappropriaterecommendationson how to incorporatethis missing riskcategory into therisk managementprocess; thirdand fourthrecommendationsmissing orinappropriate.
Provides one validrecommendationon how to incorporatethis missing riskcategory into the riskmanagement process;second and thirdrecommendationsmissing orinappropriate.
No attempt, or noassessable attempt.
/8
Page 3RT.A.12.3.1 Assessment 2 Question Set 2 – Rubric_V3.1 0921© 2021 Chartered Accountants Australia and New Zealand ABN 50 084 642 571. All rights reserved.
Requirement 2For the proposed Biz4Intellia solution:a) Evaluate how introducing the Biz4intellia IoT solution will increase or decrease the residual risk rating for onerelevant risk listed in the Risk Register.b) Previous Clean Hotels projects have not been well managed due to poor risk identification and management.For each of the following project risk categories, evaluate one key risk and one potential mitigation strategy (for theselected risk) that Clean Hotels should consider for the project implementation of the Biz4intellia IoT solution:i. Project scope – what needs to be achieved to deliver the project.ii. Project schedule – what needs to be done, which resources must be utilised, and when the project is due.iii. Project cost – total funds needed to monetarily cover and complete the project scope.iv. Customer acceptance – the extent to which a consumer will use a certain innovation.v. Staff acceptance – employee acceptance of the strategic objectives and goals.vi. Information Technology (IT) – management of increased cyber security risks and ensuring access toappropriate technology.c) Continuing on from the customer acceptance section in b) above – evaluate one ethical issue to be consideredand explain why this issue is important to Clean Hotels.
Page 4RT.A.12.3.1 Assessment 2 Question Set 2 – Rubric_V3.1 0921© 2021 Chartered Accountants Australia and New Zealand ABN 50 084 642 571. All rights reserved.
Exemplary100%
Highlyproficient75%
Meetsexpectation50%
Belowexpectation25%
No attempt/no assessableattempt0%
Total
Assessment criteria: Proposed Biz4intellia IoT solution2 a) Impact of Biz4intellia IoT solution on Clean Hotels’ risk management
Identifies relevantrisk category withconcise and logicalevaluation of itsrelevance and impacton residual riskrating.
Identifies relevantrisk category withconcise evaluationof its relevance andimpact on residualrisk rating; occasionalinconsistenciesevident in logic.
Identifies relevantrisk category withinsufficient orunderdevelopedevaluation of itsrelevance and impacton residual riskrating.
Identifies relevantrisk category withno evaluation.
No attempt, or noassessable attempt.
/8
Assessment criteria: Proposed Biz4intellia IoT solution2 b) Implementation of Biz4intellia IoT solution in Clean Hotels’ project risk management
Evaluates valid keyrisks for all six projectrisk categories.
Evaluates valid keyrisks for most (fourto five) project riskcategories.
Evaluates valid keyrisks for a some(three) project riskcategories.
Evaluates valid keyrisks for few (one totwo) project riskcategories.
No attempt, or noassessable attempt.
/8
Provides validmitigation strategiesfor all six project risksidentified.
Provides validmitigation strategiesfor most (four to five)project risksidentified.
Provides validmitigation strategiesfor some (three)project risksidentified.
Provides validmitigation strategiesfor few (one to two)project risksidentified.
No attempt, or noassessable attempt.
/8
Assessment criteria: Proposed Biz4intellia IoT solution2 c) Evaluate one ethical issue to be considered and explain why this issue is important toClean Hotels
Assesses relevantethical issue withconcise and logicalevaluation of itsrelevance andimportance.
Assesses relevantethical issue withbasic evaluation ofits relevance and/orimportance.
Assesses relevantethical issue withinsufficient orunderdevelopedevaluation of itsrelevance andimportance.
Assesses a relevantethical issue with noevaluation.
No attempt, or noassessable attempt.
/4
Page 5RT.A.12.3.1 Assessment 2 Question Set 2 – Rubric_V3.1 0921© 2021 Chartered Accountants Australia and New Zealand ABN 50 084 642 571. All rights reserved.
Exemplary100%
Highlyproficient75%
Meetsexpectation50%
Belowexpectation25%
No attempt/no assessableattempt0%
Total
Assessment criteria: Structure of a board paper
Consistently clear,and unambiguousprofessional writtenlanguage; formof writtencommunicationappropriate forthe audience. Noinconsistencies.
Mostly clear andunambiguousprofessional writtenlanguage; formof writtencommunicationappropriate forthe audience.
Less clear and oftenambiguous writtenlanguage that is notappropriate for theaudience. Uses someinappropriate orineffective language.
Written languageis unclear andambiguous. Useof written languageinappropriate forthe audience.
No attempt, or noassessable attempt.
/4
Highly accurategrammar, spelling,and sentencestructure throughoutthe report. No errorsevident.
Few errors ingrammar, spelling,and sentencestructure throughoutthe report.
There are someconsistent errors ingrammar, spelling.and sentencestructure throughoutthe report.
Comprehensiondifficult due tofrequent errors ingrammar, spelling,and sentencestructure throughoutthe report.
No attempt, or noassessable attempt.
/4

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