Australian Harbour International College
RTO ID: 41338 CRICOS Provider Code: 03449J
ABN: 74 603 036 102
T: 02 9268 0085
E: [email protected]
W: www.ahic.edu.au
A: Level 4, 114-120 Castlereagh Street
Sydney NSW 2000 Australia
Assessment Details
Qualification Code/Title
BSB60215 Advanced Diploma of Business
Assessment Type
Assessment -02
Time allowed
Due Date
Location
AHIC
Term / Year
Unit of Competency
National Code/Title
BSBRSK501 Manage risk
Student Details
Student Name
Student ID
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source.
Signature: ____________________________
Date: _____/______/__________
Assessor Details
Assessor’s Name
RESULTS (Please Circle)
SATISFACTORY
NOT SATISFACTORY
Feedback to student:
....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Signature: _______________________________
Date: ______/_______/___________
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.
Signature: ________________________________________
Date: ______/_______/___________
Instructions to the Candidates
Instructions to the Candidates
· This assessment is to be completed according to the instructions given below in this document.
· Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.
· If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
· Please refer to the College re-submission and re-sit policy for more information.
· If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately.
· To be deemed competent for this unit you must achieve a satisfactory result with tasks of this assessment along with a satisfactory result for the other assessment.
· This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately.
· Resources required completing the assessment tasks are Learner guide, PowerPoint presentation, Unit Assessment Pack (UAP), Access to other learning materials such as textbooks, Access to a computer, the Internet and word-processing system such as MS Word.
· Submitted document must follow the given criteria. Font must be Times New Roman, Font size need to be 12 and line spacing has to be Single line.
· This is Individual Assessments. Once you have completed the assessment, please upload the softcopy of the Assessment into AHIC Moodle.
· Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero.
Assessment Event 2 – Smartech Simulation
In this assessment, you will undertake a number of tasks associated with managing risks for a technology company, SmarTech.
Task 1: Establish Risk Context
In this task, you will establish the risk context based on SmarTech’s internal and external operating environment.
1.1 Determine scope for risk management process
Insert your response here:
-it done by defining the risk management process
- It is done by defining the framework of management
- It is done by defining the measures and management process
- It is done by the inter dependence between the various functions
1.2 Identify internal and external stakeholders and their issues
Insert your responses into the Stakeholder Analysis template below:
Stakeholder 1
Stakeholder 2
Stakeholder 3
Stakeholder 4
Stakeholder x
Role
Vendors suppliers
Finance Manager
Board of Directors
Regulatory Bodies
Customers
Internal/External
E
I
I
E
E
Interests
Raw Material
Finance
Business Growth
Political
Economical
Contribution
Quality Supply
Cost and Finance Management
Compliances
Managing
Existence
Level of Influence
(Low, Medium, High)
M
M
H
L
H
Level of Importance
(Low, Medium, High)
M
M
H
L
H
Level of Interest
(Low, Medium, High)
H
H
M
M
H
Priority
(1, 2, 3, 4, 5, …, n;
1 being the highest)
2
3
4
5
3
Method of communication
Invoice
Meetings
Meetings
AGMS
FACE TO Face , Meetings, Invoices
Frequency
H
L
M
M
H
Issues if not involved
Low product quality
Financial complicati ons
Losses of the company
Safeguard of Shareholders
Loss Handle
1.3 Review political, economic, social, legal, technological and policy context
Insert your responses into the Industry Analysis template below:
Dimension
Sample areas to cover
Social
· Growth has a positive impact
· Skilled has increased the Migration
Technological
· 5G is round the corner to improve technology
Economic
· Bank Borrowings and Government Grants leads to growth
Legal
Political
Policy
· compliance standards in WHS
· Applying the industrial Laws
· Employment regulations and taxation policies
Government Policy
Organizational Policy
· To defines proper rules and regulations
· Structure Analysis
1.4 Review strengths and weaknesses of existing arrangements
Insert your responses into the tables below:
Strengths
Contribution
Policy must be AS/NZS ISO 31000:2009
Standards
Managing Risk and Risk Process along with the elective options
Involvement Stakeholders
To ensure that the shareholders are well balanced and correctly processed
Risk Management
Contribution
Managing Risk and Risk Process along with the elective options
Weakness
Recommendation
Training and Communication as well as taking care of the specific information on how to
manage risks for new market
Opportunities and threats.
· Execution of the Risk Management Framework
· Specific Information
· Market Dynamics
· Competitive Advantage
1.5 Document critical success factors to achieve objectives
Insert your responses into the table below:
CSF 1
Focusing on Strategies
CSF 2
Staffing People and People Working
CSF 3
Operation analysis
CSF 4
Marketing Analysis
CSF 5
Finance Analysis
1.6 Create Communication Plan to obtain support for risk management activities
Insert your responses into the Communication Plan template below:
Stakeholder 1
Stakeholder 2
Stakeholder 3
Stakeholder 4
Stakeholder x
Outcomes
Vendors suppliers
Manager Finanace
BOD
Regulalators
Customers
Key Message
Benefits
Critical Assessment
Framework Analysis
Management and Key Analysis
Safeguards
Critical Analysis
Impact
M
h
h
M
L
Role
Raw Material
Overall Structure
Overall Management
Channel
Meetings
Meetings
Meetings
Meetings
Survey
Responsible
M
H
H
M
L
When/Frequency
Quarter
Monthly
Quarter
Yearly
Yearly
1.7 Communicate with the Risk Manager and Obtain Support
Upon the receipt of the feedback from your Risk Manager (your Assessor), make the necessary adjustments to your Risk Management Plan. Also, attach the email exchange with this manager.
Important:
In Tasks 2 and 3, you are required to use the Risk Assessment Plan Template to provide your answers.
Please refer to the Student Assessment Guide to see the requirements of all the subtasks under Task 2 and Task 3.
We have attached the Risk Assessment Plan Template for you in the following page.
You will make changes on this template based on the feedback collected from the Risk Manager (your Assessor).
Please see your Student Assessment Guide for detailed procedures.
Task 2: Identify and Confirm Risks
In this task, you will identify the risks using relevant tools and techniques in consultation with your Risk Manager (your Assessor).
2.1 Research risks that may apply to scope
Insert your answers into the Risk Assessment Plan template.
2.2 Use tools and techniques to generate a list of risks that apply to the scope
Insert your Survey Question and Summary here:
Insert your risks into the Risk Assessment Plan template.
2.3 Communicate with the Risk Manager in the identification or risks
Upon the receipt of the feedback from your Risk Manager (your Assessor), make the necessary adjustments to your Risk...