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BSBRSK501 Manage Risk

Question

Answered

Question:

This assessment task requires you, in the role of Operations Manager of NatureCare Products, to develop a risk management briefing report associated with the proposed business expansion. You will then prepare for a meeting with their team by researching risks, as well as potential risk treatment options pertaining to the NatureCare Products business expansion project.

Following this, you will meet with their team to brainstorm risks and develop a risk management plan, which includes an action plan to implement identified risk treatments.

This assessment is to be completed in the simulated work environment in the RTO.

Required

  • Access to textbooks/other learning materials
  • Computer with Microsoft Office
  • Access to the Internet to:

Research information to inform PESTLE analysis access publications about risk management standards such as:

http://broadleaf.com.au/resource-material/iso-31000-2009-setting-a-new-standard-for-risk-management/

  • Risk Briefing Report Template
  • Risk Management Policy and Procedures
  • Risk Management Plan Template
  • Team Meeting Minutes
  • Space for a meeting, with a whiteboard, if possible.
  • Roleplay participants

Review the case study information provided to you, as well as the company’s risk management policy and procedures to determine the scope of the risk management process required.

Use the internet to search for relevant information on risk management standards. You should also review the recent Team Meeting Minutes on the business expansion project to inform your report.

BSBRSK501 Manage Risk

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