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BSBRSK501-Assessment 1-LA019815-Rebecca Kal.docx Risk Management Plan Name: Rebecca Kal TAFE ID: 376285855 Company Overview ABC Construction Pty Ltd and it’s relevant entities (PBS) is an Award-winning recognised leader in project management and design and construction of residential, commercial, industrial, retail, office, apartment, aged care and mixed-use developments. Established as a residential builder in the ACT in the late 1980’s, PBS began a national expansion in 1998 opening offices in Sydney followed by expansion into Brisbane and Hervey Bay in Queensland. The PBS Directors are dedicated to guiding and nurturing a Company culture which values excellence in Environmental, Health & Safety practices. PBS’s philosophy centres on our ability to ‘inspire, innovate and deliver’ across a diverse range of projects and regions throughout Australia. Our philosophy guides our teams in delivering valued solutions for our customers and delivering projects safely on time and on budget. PBS has teams across the Australian Capital Territory, Queensland and New South Wales and is an active participant in the communities in which we operate. PBS directly and through its staff and contractors intends to establish and maintain work environments, equipment, training and operational systems necessary to promote healthy, learning and safe workplaces. It is recognised that the industry in which PBS operates is one of high risk from a Work, Health & Safety (WHS) viewpoint. Some of these risks can be substantially reduced through continued consultation between employers and employees and strict adherence to the PBS Environmental Health Safety & Quality (EHS&Q) processes and site- specific rules whilst at the workplace. PBS is made up of the Board of Directors who provide direction and strategy for the support of the business. This support is further enhanced by a corporate team overseeing Management Systems infrastructure, EHS&Q, People & Culture, HR and Finance departments. Business Divisions are led by General Managers (BDGM) with close support of Construction Managers (BDCM) and Commercial Managers (CM), providing direction and assistance to the site teams. Site teams are comprised of a Project Manager (PM), Site Manager (SM), General Foreman (GM), EHS&Q Manager or Co-ordinator, Contracts Administrator (CA), Engineer, Cadet and Construction Workers (CW). Not all teams have each roll and some overlap responsibilities which is outlined in the site-specific R&R’s. BSBRSK501-Assessment 1-LA019815-Rebecca Kal.docx 1. Consultation and Communication Stakeholder Role Stakeholder’s agenda for Risks e.g. Describe the stakeholder group e.g. Describe the role that this group has with the organisation e.g. what influences this stakeholder - a Finance Director’s agenda is to increase profit margin Board of Directors Strategic direction, business planning, govern the organization To ensure the company's prosperity and longevity PBS Senior Leadership Team (EHS&Q) EHS performance reporting; incidents, environmental reporting, learning and development, system simplification. To protect the health, safety and welfare of employees, volunteers and other persons who are at, or come in to contact with a workplace General Managers Review PBS performance outcomes including EHS&Q performance and initiatives, strategy, new business, finance, commercial and risk, bids/ opportunities To ensure the relevant business divisions prosperity and longevity Business Division Senior Leadership Team Business Division related; EHS&Q business planning, SLT outcomes and initiatives; performance reporting; incidents, environmental reporting, learning and development, system implementation. To Corporate Team Assisting Board of Directors in overseeing Management Systems infrastructure. EHS&Q, People & Culture, HR and Finance departments To improve systems, culture, financial status Each stakeholder group is required to meet on a regular basis, from weekly to monthly, to discuss and review all risks under their relevant role. The stakeholders will analyse the risks and add/amend as required. Preferably, these meetings will be held face to face, however, can be held via web conference calls if required. These meetings will have agenda issued at least one week prior, with the final minutes being confirmed one week after. Risks will be reported via a risk management plan, which includes a detailed table on all risk associated with the stakeholder group. BSBRSK501-Assessment 1-LA019815-Rebecca Kal.docx 2. Establish, Identify and Analyse Risks Review organisational processes, procedures and requirements. Analyse and assess the risks for your organisation. Apply the current risk management standards and processes to outline risk management for your organisation. 2a. Establish the Context and Identify Risks Start with completing a PESTEL analysis to understand the MACRO environment. This assists to uncover different risks that can affect the organisation (Remember this assessment must not be limited to WHS risks). For more information: http://www.mindtools.com/pages/article/newTMC_09.htm Political Technology e.g. Discuss how a change in government may affect specific factors e.g. IT issues Economic Environmental factors e.g. Drop in Australian Dollar outline what this will affect e.g. weather what impact does this have Social issues Legislation e.g. trends, culture, customer needs e.g. laws affecting the organisation Competitors Other http://www.mindtools.com/pages/article/newTMC_09.htm BSBRSK501-Assessment 1-LA019815-Rebecca Kal.docx 2b. Risk Identification Discuss here what methods you will use to identify risks. Complete a SWOT analysis for your organisation to help you to identify internal and external risk factors. (150 - 200 words) Strengths Weaknesses e.g. Brand reputation, reliable staff e.g. Bureaucratic style of management Opportunities Threats e.g. New product launch, expansion e.g. Competitors Discuss the risks that you have identified through your PESTEL analysis, SWOT analysis and the other methods you have used (200 words). 2c. Risk Analysis, Evaluation and Prioritisation Analyse and evaluate ten risks, outline the likelihood of each risk to occur, and prioritise the risks. Include a risk matrix template from your notes. (Please attach the risk matrix template in your appendix). 3. Develop a Risk Register Plan a. Outline the ten risks and levels of control in the risk register template Part A. You can create your own risk reference code unique to each risk e.g. a marketing risk may be given the risk reference code of MARK001. b. c. Determine and select the most appropriate actions for treating the ten risks, develop an action plan in template Part B to be implemented to treat the risks, if the risks were to occur. Discuss and evaluate the action plan and ongoing monitoring and communication of the risk management process. Here you will include how you will resolve the risks according to the risk management hierarchy of control. Ensure you include strategies to monitor your risk treatments and a timetable for scheduling risk management activities. d. 9 LA019815 Assessment 1 BSBRSK501 Ed 1 © New South Wales Technical and Further Education Commission, 2015 (TAFE NSW – WSI), Archive version 1, July 2015 Risk Register Part A. Risk register: (Name of organisation) Function (activity e.g. department): Compiled by: Date: Date of risk review: Reviewed by: Date: Risk Reference (unique identifier code) What is the risk? (Risk) What can happen? (Event) How can it happen? (Cause) What can happen? (Consequences/l evel of impact) Current control strategies A (Adequate) M (Moderate) I (Inadequate) Current risk level analysis Risk priority (refer to risk matrix and attach matrix in appendix) A cc e p ta b ili ty o f R is k A ( A cc e p ta b le ) o r U ( U n ac ce p ta b le ) Treat Risk Yes or No Li ke lih o o d C o n se q u e n ce s Le ve l o f ri sk LA019815 Assessment 1 BSBRSK501 Ed 1 10 © New South Wales Technical and Further Education Commission, 2015 (TAFE NSW – WSI), Archive version 1, July 2015 Risk Register Part B. Risk register: (Name of organisation) Risk Reference (unique identifier code) Potential treatment options Person responsible for monitoring the risk Cost to implement risk treatment Time frame to implement treatment Monitors to measure the effectiveness of the risk treatments Treatment of Risk Complete Yes or No BSBRSK501-Assessment 1-LA019815-Rebecca Kal.docx Bibliography List the full URLs of the websites or documents you