Task2
BSBRSK501 Task 2.docx Task 2 – Organizational Risk Management Instructions to Learners: • This summative assessment can be completed in class or at any other convenient location. • Students are required to complete this task using digital tools and ensure to submit in an acceptable format, e.g. .docx, .pdf, .pptx, or as advised by your assessor. • Please use the following formatting guidelines to complete this assessment task: Font Size: 12; Line Spacing: Double; Font Style: Times New Roman • Assessment activities can be completed either in real workplace environment or in a simulated environment such as your classroom. In both cases, appropriate evidence of the assessment activities must be provided. Instruction to Assessors: • You must assess student’s assessment according to the provided Marking Criteria. • You must complete and record any evidence related to assessment activities including role-plays and presentations using appropriate forms which must be attached with student assessment submission. • You must provide students with detailed feedback within 10 working days from submission. Part A Identify an organisation and its processes, procedures and requirements for undertaking risk management. For an organisation where you are the manager of a department, identify the following: • Name of the organisation, a description of the type of activities it conducts. . • The organisation’s objectives/goals. (One or two sentences.) • The organisation’s requirements and processes for managing corporate and operational risks. This should identify: o A list of the organisational documentation or plans that must incorporate a risk management plan. o A list of the structure (or headings) that must be included in the risk management plan. You are required to provide your assessor with the following document: • A document with the title “Organisational Risk Management Processes” containing the above information. Part B As a manager, when developing a risk management plan for a project, you need to identify a project’s goals or objectives and its scope and critical success factors for risk management. • Describe a project designed to promote the goals/objectives of the organisation that you Identified in Part A. This may be a major project requiring strategic change management such as: O Technological innovation O New products or services O Opening new markets O Organisational restructure Alternatively, it may be an internal operational project such as: O Office refurbishment O Relocation of premises O Re-tooling of assembly plant O Marketing activities O Training activities • Explain the scope of the project in terms of “deliverables” (what it is designed to achieve). • Relate the deliverables to the goals/objectives of the organisation and explain how the project Promotes them. • Identify the Critical Success Factors (CSF) - factors that must be present in order for the project to be successful and promote the organisation’s goals. You are required to provide your assessor with the following document: • A document with the title “Scope and Critical Success Factors” containing the above information. Part C As a manager, when developing a risk management plan, you need to identify the key issues for stakeholders and the methods of communicating and obtaining support for the risk management activities. • Refer to each of the Critical Success Factors (CSF) that you identified for the project in Part B. For each CSF: O Identify the project stakeholders that are involved in the CSF. Stakeholders should be considered as any individual, group or entity that the project will affect, and may include: ♣ Clients or customers ♣ Suppliers and contractors ♣ Internal project team members ♣ Other personnel or departments within the organisation. ♣ The project sponsor or management of the organisation ♣ A project funding body O Explain the relationship between each group of the stakeholders and the identified CSF. O Discuss (one paragraph) the methods that you can use to communicate with relevant parties and obtain their support for your risk management activities. Explain the kinds of support that you would invite them to give. Relevant parties may include: ♣ All staff ♣ Internal and external stakeholders ♣ Senior management ♣ Specific teams or business units ♣ Technical experts You are required to provide your assessor with the following document: • A document with the title “Stakeholder Key Issues and Support” containing the above information. Part D In your role as manager, when developing a risk management plan, you need to establish the context of the risk management plan in relation to external factors. Refer to the project that you identified in Part A and the context of the risk management plan that you have developed in Part B and C. • Identify external factors that could have an impact upon the success or otherwise of the project. Your report should have 4 headings and one paragraph under each heading. If you consider that these factors will have no impact upon the project, explain your reasons. O Political factors O Economic factors O Social factors O Technological factors You are required to provide your assessor with the following document: • A document with the title “External Factors ” containing the above information. Part E As a manager of an organisational project, you need to review the strengths and weaknesses of the existing arrangements, within the context of the identified project. • Complete a SWOT analysis in relation to your project. O Refer to the documents you designed in the previous tasks. O Identify the internal strengths of the team and the organisation as it relates to your project. O Identify any internal weaknesses of the team and the organisation as it relates to your project. O Identify any external opportunities that exist for the organisation in relation to your project. O Identify any external threats that exist for the organisation in relation to your project. You are required to provide your assessor with the following document: • A document with the title “SWOT analysis” containing the above information The overall project task: Compile all the above documents together. They will be assessed separately and then assessed for overall readability, which includes use of appropriate grammar and punctuation in sentences and paragraphs. T A S K 2 - MA RK I N G C R I T E RI A BSBRSK501 - Manage risk S NYS Learner’s name: Assessor’s name: Observation Criteria S NS Identified an organisation and described the type of activities it conducts Identified the organisation’s objective s/goals in one or two sentences Reviewed organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards Determined scope for risk management process Described a project that promotes the goals/objectives of the organisation identified Explained the scope of the project in terms of “deliverables” Identified internal and external stakeholders and their issues Explained how the project promotes the goals/objectives of the organisation Reviewed political, economic, social, legal, technological and policy context Identified the CSFs that are critical to the success of the project. Reviewed strengths and weaknesses of existing arrangements Documented critical success factors, goals or objectives for area included in scope Obtained support for risk management activities Communicated with relevant parties about the risk management process and invite participation Invited relevant parties to assist in the identification of risks Researched risks that may apply to scope Used tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties Assessed likelihood of risks occurring Assessed impact or consequence if risks occur Evaluated and prioritise risks for treatment Determined and selected most appropriate options for treating risks Developed an action plan for implementing risk treatment Communicated risk management processes to relevant parties Ensured all documentation is in order and appropriately stored Implemented and monitored action plan Evaluated risk management process Reports display appropriate readability by using appropriate grammar and punctuation in sentences and paragraphs. Feedback to Learner: Assessor’s Signature: Date: Instructions to Learners: This summative assessment can be completed in class or at any other convenient location. Students are required to complete this task using digital tools and ensure to submit in an acceptable format, e.g. .docx, .pdf, .pptx, or as advised by your assessor. Please use the following formatting guidelines to complete this assessment task: Font Size: 12; Line Spacing: Double; Font Style: Times New Roman Assessment activities can be completed either in real workplace environment or in a simulated environment such as your classroom. In both cases, appropriate evidence of the assessment activities must be provided. Instruction to Assessors: You must assess student’s assessment according to the provided Marking Criteria. You must complete and record any evidence related to assessment activities including role-plays and presentations using appropriate forms which must be attached with student assessment submission. You must provide students with detailed feedback within 10 working days from submission. Task 2 - Marking CRiteria