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Australian Professional Skills Institute BSBRSK501 Manage risk ASSESSMENTS Business Training Package BSB50215 Release 1 (2015) QUALIFICATION: Diploma Of Leadership and Management UNIT CODE: BSBRSK501 UNIT NAME: Manage Risk This unit describes skills and knowledge required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting. APPLICATION: It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, and program or project area. They may or may not have responsibility for directly supervising others. NAME OF LEARNER: READY FOR ASSESSMENT DECLARATION: I confirm that the purpose and procedures of this assessment have been clearly explained to me. I have been consulted about any special needs I might have in relation to the assessment process. The criteria to be used for this assessment have been discussed with me, as have the consequences and possible outcome of the assessment. I have accessed and understand general assessment information as provided by APSI. I have been given fair notice of the date, time, venue and other arrangements for this assessment. I have completed a self-assessment of my performance of the skills and knowledge for this unit and confirm that I am ready for assessment My training organisation has provided information regarding time lines for assessment while on practical placement. I declare that the following work is my own and that no part has been copied from another person or written for me, except where clearly noted on documents or work submitted. I am aware that plagiarism is a serious offence that may lead to disciplinary action by my training organisation. I APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 1 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk am aware that APSI keeps all assessments once they are submitted and I must make a copy prior to submission. SIGNATURE OF LEARNER: NAME OF TRAINER ASSESSOR: ASSESSMENT LOCATION: Send to assessment@apsi.edu.au, and then CC: rae.hilhorst@apsi.edu.au for assessment submissions AQF Level: 5 Graduates at this level will have specialised knowledge and skills for skilled/paraprofessional work and/or further learning ASSESSMENT TASKS and DUE DATES: AT1: Written questions 1-20 19.03.18 APSI campus DATE COMMENCED: DATE DUE: 26.2.18 AT2: Project 1 AT3: Summary 1 Oral questions will be asked during your Work Experience placement, to ensure your work is your own and represents your knowledge. If there is a concern regarding your knowledge you may be asked to re-sit written questions under test conditions. All assessments are to be submitted/completed by due date and satisfactorily completed in order for competency in this unit to be demonstrated. If you believe you already have the skills and knowledge in this unit please speak to your Trainer Assessor. UNIT AND ASSESSMENT DETAILS: If you would like a copy of the mapping document that outlines this Unit of Competency and the Performance Criteria, Critical Aspects and Essential Knowledge and Skills required to be demonstrated please refer to the Learner Drive. For further information that relates to assessments please refer back to your Learner Handbook on the Learner Drive. This document was developed for APSI under license 2018. All rights reserved APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 2 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk You are required to answer the questions outlined below. All questions must be answered satisfactorily, as partial responses will be deemed unsatisfactory. The answers will be used in conjunction with other forms of evidence in the final assessment decision. If you do not wish to answer the questions in written format, an interview may be used as an alternative approach if negotiated with your Trainer Assessor. Learner resources required: To complete this assessment task you will require: Q:1 • Satisfactory Assessment instructions: Not Yet Satisfactory AT 1 Assessment 1: Written Questions The questions response section • Learner Guide and/or internet access Element 1: Establish risk context: S 3 Paragraphs NYS 1.1 Discuss your organisation or one you are familiar with their processes, procedures and requirements for implementing risk management in line with risk management standards. Iia.org.uk Standards for risk management A: Q:2 1.2 NYS S S 3 Paragraphs NYS Discuss how you define and what the scope for risk management process is in your organisation or one you are familiar with. CIO.com.au Example: How to define the scope of a project A: Q:3 1.3 You have internal and external stakeholders with different risk issues in the organisation. Complete in a table. CIO.com.au Example: How to define the scope of a project A: APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 3 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk Q:4 1.4 Conduct a PEST analysis for your organisation or one you are familiar with for the risk you have established. S Mind Tools Example: PEST NYS 4 Paragraphs A: Q:5 1.5 Explain the strengths and the weaknesses of the organisations current risk management controls. S Southern Water UK Example: Strengths and Weaknesses NYS 4 Paragraphs A: Q:6 1.6 Explain the requirements and the importance of documenting the criteria for success to reach goals and objectives in the area you have chosen (Scope) S NYS 4 Paragraphs WorkSafe Queensland Example: Document risk management process A: Q:7 1.7 Explain in what ways you can and why you would seek support for a risk management processes. NYS S S Our community .com Example: Obtaining support NYS 3 Paragraphs A: Q:8 1.8 Explain how and why and you who you would communicate with and at what levels of communication do stakeholders expect within risk management. Explain the participation process. 4/5 Paragraphs Safety Line Model Consultation Cooperation Coordination Code of Practice (COP) APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 4 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk A: 2.1: Explain the relevant stakeholders that assist in identifying risks and the importance of their inclusion both internal and external. Explain how you engage these stakeholders in giving feedback and how are they to be included in the process. 3/4 Paragraphs S Element 2: Identify risks NYS Q:9 Example: Queensland GVT Identify Risks A: 4 Paragraphs S 2.2 Explain the various research avenues (at least 4) you use to identify and or investigate the risks that apply to your scope. What is important about these research avenues? NYS Q:10 UNC Health Library: Example of research 2.3 There are several techniques and tools available in an organisation that meet legislative requirements, and that are used to identify the risks to a scope, what are they? What are the communication and consultation tools to be used to assist in identifying these risks to the scope? 3 Paragraphs S Q:11 NYS A: A: Q:12 Element 3: Analyse risks NYS S S 3 Paragraphs NYS 3.1 Explain and demonstrate assessing the likelihood of a risk. Provide an example. MindTools Example of risk analysis A: Q:13 3.2 Explain and demonstrate an assessment of the impact and or the consequences of a risk occurring. APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 5 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk 3 Paragraphs SafeWork Australia risk assessment A: Q:14 3.3 Explain how you evaluate and then prioritise risks for treatment. S NSW GVT Types of evaluation NYS 3 Paragraphs A: Q: 15 4.2 Explain an action plan designed to implement a control. Use a template 2 Paragraph summary A: Q: 16 4.3 Explain the process for communicating risk management to various levels of stakeholders. 3 Paragraphs A: Q 17: 4.4 Explain the various risk management reports, data and documentation. Briefly describe what they entail, what they are used for and how they are to be stored. 3 Paragraphs A: Q: 18 4.5 Explain the implementation of and monitoring of an action plan. Don’t forget to add time frames, accountabilities and responsibilities. 3 Paragraphs A: APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 6 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk 4.6 Explain how, when and why you are to evaluate a risk management process. NYS 3 Paragraphs S Q 19: A: Marking feedback and recommendations: Not Yet Satisfactory Assessors Signature Satisfactory Date APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 7 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk AT 2 Assessment 2: Project To complete this assessment task you will require: • Learner Guide and/or internet access • Access to a word processing application Satisfactory Learner resources required: S The answers will be used in conjunction with other forms of evidence in the final assessment decision. If you do not wish to answer the questions in written format, an interview may be used as an alternative approach if negotiated with your Trainer Assessor. Not Yet Satisfactory You are required to answer the questions below. NYS Assessment instructions: Task Instructions - GROUP Agree on an industry that you and your working partner are both familiar with. Or you may choose to work alone. The choice is yours. Please Note: This assessment may be submitted individually or in groups of no more than 2 members When forming a group please choose wisely - If any of your team members are not contributing towards the report, please email the trainer by no later than the 2nd week of this unit, this will be treated as confidential. Those students who do not contribute or have erratic attendance will be required to submit the assessment on an individual basis. As a team you will then need to be ready to fill the gap of the member who has not contributed. All team members’ names must be on the assessment cover page / results page. All team members must be cc’d in on your email when you submit this assessment. This assessment should be emailed to assessment@apsi.edu.au and your trainer. Project: The proposed plan is to include the risk, the actions, and the resources needed, the worker responsibilities (name and title), time frames, graphs, deadlines, expected outcomes and success metrics (measurement). APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 8 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk Include, relevant statistics, evidence of analysis of data and information, graphs, charts, tables and any background necessary. Aged Care Facility: 1. Conduct a safety audit on two areas of an aged care facility of your choice or of the organisation that you work for or are familiar with. I suggest a client’s room and bathroom as one and a living area or gardens as another. Example NSW Policy Directive Safety Audit 2. Once you have completed an audit where you have identified the context of the risk i.e. a. Reduce accidents illness or incidents relating to clients safety b. Preventing the organisation from closing due to breaches of legislative requirements c. Identified need for improvements/changes/processes d. Identified an environmental impact issue on the resource use or on staff 3. Next identify if: There are any current risk management policies/procedures and if so are there any gaps in the current documents. Justify why there are not and or explain the gap. It might include non-compliance, faulty equipment, trip hazards, loose paving. 4. Explain and identify the risk management scope (area/s) 5. Provide a risk analysis on the impact to the: a. Political environment b. Economic climate c. Social factors d. Legal factors e. Technological advancements f. Policy context 6. Demonstrate and discuss the tools and techniques used to identify, measure and analyse risks. 7. Demonstrate and discuss what the critical success factors are, the goals or objectives to managing the risk. 8. Include and explain the relevant legislation, codes of practice, standards and any other compliance measures. APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 9 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk 9. Include an internal and external template that shows issues or concerns 10. Include a communication template for both the internal and external stakeholders Marking feedback and recommendations: Not Yet Satisfactory Assessors Signature Satisfactory Date APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 10 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk To complete this assessment task you will require: • Learner Guide and/or internet access • Access to a word processing application Satisfactory Learner resources required: S The answers will be used in conjunction with other forms of evidence in the final assessment decision. If you do not wish to answer the questions in written format, an interview may be used as an alternative approach if negotiated with your Trainer Assessor. Not Yet Satisfactory You are required to answer the questions below. NYS Assessment instructions: Task Instructions - GROUP Using the above information provide a report including the comments below. AT3: Written Summary In a report explain: a) b) c) d) e) f) g) h) i) j) k) l) m) n) o) p) q) The situation The risk associated with the situation How you recognised, and assessed the risk Whether or not any controls are in place if they are working/not working, are they still needed, are staff aware of the control, do they need to change What is the expected outcome of the control, and are there other risks introduced from the control? Then have those identified new risks been controlled? Explain how the risk management plan is going to reduce or impact the risk Explain the benefits of the risk management plan Explain why the organisation is to support the plan includes qualitative and quantitative data, the benefits, costs, public relations and safety. Explain the resources needed to implement the action plan such as the workers required to develop implement, manage, monitor and evaluate the controls Are there any costs involved, why or why not? Explain how you justify the plan to gain support for the plan Who would you seek authorisation from and why How do you identify performance measures? How will you monitor the plans progress? Who is responsible for monitoring the controls and why? What measurement process will you use to gauge success or not? APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 11 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk Marking feedback and recommendations: Not Yet Satisfactory Assessors Signature Satisfactory Date APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 12 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk Assessment/ Validation Training Centre APSI Learner, Full name Trainer/Assessor Assessment results If a not yet satisfactory (NYS) result is given the Trainer will provide feedback to the Learner before next submission. When the Learner is reassessed with a ‘Satisfactory result’ for all assessments then an overall ‘Competent’ result will be given for this unit of competency. Is reassessment required in this case? YES NO Flexibility in assessment processes requested: YES NO Details: With flexibility, assessment still meets requirements of UOC Assessment type 1st attempt date and result 2nd attempt date and result Valid Current Sufficient Authentic Result AT1 Written activities 1-20 AT2 Project 1 AT3 Report 1 In completing this assessment, I confirm that the candidate has demonstrated all unit outcomes through consistent and repeated application of skills and knowledge with competent performance demonstrated in multiple instances over a period of time. Assessor signature: Meets all essential knowledge and skills Meets all performance criteria Learner signature: Assessor Feedback first attempt: (Assessor is to provide feedback to the Learner on assessment results) I declare that this questioning assessment has been conducted as per APSI assessment procedures and the instructions provided for this assessment task and that I have provided feedback to the Learner in a constructive manner. Assessor Signature:_____________________________ Assessor feedback second attempt/resubmission: APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 13 of 14 Australian Professional Skills Institute BSBRSK501 Manage risk I declare that this questioning assessment has been conducted as per APSI assessment procedures and the instructions provided for this assessment task and that I have provided feedback to the Learner in a constructive manner. Assessor Signature:_____________________________ Learner Feedback first attempt: (Learner needs to read the above feedback and reply if they wish and then sign that they agree and have understood the assessor’s comments as above). Learner comments: I have read and agree with the above feedback. Learner Signature: _____________________________ Second attempt/resubmission: Learner Comments: I have read and agree with the above feedback. Learner Signature: _____________________________ Competent ‘C’ or Not Yet Competent ‘NYC’ Appeal Lodged Assessor Signature Date Learner Signature Date Final Grade after appeal APSI C:\Users\Cloudconvert\Server\Files\118\163\17\Yirlmaswwirtcbhkjeoj\20180612154305manage_Risk_Bsbrsk501.Docx Author RH Edited by XXX Next review July 2018 © Australian Professional Skills Institute 2018 Page 14 of 14
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Running head: LEADERSHIP MANAGEMENT

Leadership and Management
Name
Instructor
Course
Date

1

LEADERSHIP MANAGEMENT

2

ASSESSMENTS
Business Training Package BSB50215 Release 1 (2015)
QUALIFICATION: Diploma Of Leadership and Management

UNIT CODE: BSBRSK501
UNIT NAME: Manage Risk
This unit describes skills and knowledge required to manage risks in
a range of contexts across an organisation or for a specific business
unit or area in any industry setting.
APPLICATION:
It applies to individuals who are working in positions of authority and
are approved to implement change across the organisation, business
unit, and program or project area. They may or may not have
responsibility for directly supervising others.
NAME OF
LEARNER:
READY FOR
ASSESSMENT
DECLARATION:

I confirm that the purpose and procedures of this assessment have been
clearly explained to me. I have been consulted about any special needs
I might have in relation to the assessment process. The criteria to be
used for this assessment have been discussed with me, as have the
consequences and possible outcome of the assessment.
I have accessed and understand general assessment information as
provided by APSI.
I have been given fair notice of the date, time, venue and other
arrangements for this assessment. I have completed a self-assessment
of my performance of the skills and knowledge for this unit and
confirm that I am ready for assessment
My training organisation has provided information regarding time lines
for assessment while on practical placement.

LEADERSHIP MANAGEMENT

3

I declare that the following work is my own and that no part has been
copied from another person or written for me, except where clearly
noted on documents or work submitted. I am aware that plagiarism is
a serious offence that may lead to disciplinary action by my training
organisation. I am aware that APSI keeps all assessments once they
are submitted and I must make a copy prior to submission.
SIGNATURE OF
LEARNER:
NAME OF
TRAINER
ASSESSOR:
ASSESSMENT
LOCATION:

Send to assessment@apsi.edu.au, and then
CC: rae.hilhorst@apsi.edu.au for assessment submissions

AQF Level: 5

Graduates at this level will have specialised knowledge and skills for
skilled/paraprofessional work and/or further learning

ASSESSMENT
TASKS and DUE
DATES:

AT1: Written questions 1-20

19.03.18

AT3: Summary 1

APSI campus

DATE COMMENCED: DATE DUE:
26.2.18

AT2: Project 1

Oral questions will be asked during your Work Experience
placement, to ensure your work is your own and represents your
knowledge. If there is a concern regarding your knowledge you
may be asked to re-sit written questions under test conditions.
All assessments are to be submitted/completed by due date and
satisfactorily completed in order for competency in this unit to be
demonstrated. If you believe you already have the skills and
knowledge in this unit please speak to your Trainer Assessor.
UNIT AND
ASSESSMENT
DETAILS:

If you would like a copy of the mapping document that outlines this
Unit of Competency and the Performance Criteria, Critical
Aspects and Essential Knowledge and Skills required to be
demonstrated please refer to the Learner Drive.
For further information that relates to assessments please refer
back to your Learner Handbook on the Learner Drive.

This document was developed for APSI under license 2018. All rights reserved.

LEADERSHIP MANAGEMENT

4



Q:1

Satisfactory

Learner resources required: To complete this assessment task you will require:

S

You are required to answer the questions outlined below.
All questions must be answered satisfactorily, as partial
responses will be deemed unsatisfactory. The answers
will be used in conjunction with other forms of evidence
in the final assessment decision. If you do not wish to
answer the questions in written format, an interview may
be used as an alternative approach if negotiated with
your Trainer Assessor.

Not Yet Satisfactory

Assessment instructions:

NYS

AT 1 Assessment 1: Written Questions

The questions response section

• Learner Guide and/or internet access
Element 1: Establish risk context:
1.1 Discuss your organisation or one you are familiar with their processes,
procedures and requirements for implementing risk management in line with
risk management standards.
KAICS company has been mitigating risk in a systematic manner. The
company processes for implementing risk management will include detecting
the probable risks that may have a negative impact on the company as well as
the cause that may have contributed to the risk arising.
The risk is then analyzed in order to establish its context systematically
while having effective means on how to rate it in the categories such as critical
risk, medium among others. The risk is then evaluated to which extent the peril
possibly can affect the company. All the possible threats are outlined
analytically.
Finally, the company treats the risk and implements policies in
accordance with the risk management standards as a way of mitigating the risks,

LEADERSHIP MANAGEMENT

5

where the threat is monitored, reviewed and communication is done to engage
individuals on the effectiveness of the policies used.

A:
Q:2

1.2
Discuss how you define and what the scope for risk management process is in
your organisation or one you are familiar with.
The scope for risk management process involves all the fundamental
activities involved to establish the risk management process. Moreover, it will
involve all conventions that the organization may have either internal such as
organization culture or external such as law as well as the general aims of risk

NYS

S
S

KAICS company scope of risk management process will involve

NYS

management processes.

understanding its context relative to the risk. Next, the company will evaluate
any risk management action that has ever been carried on since the organization
commenced.
Finally, the company will develop an effective outline of the risk
management countermeasure and all the initiatives it intends to undertake in the
mitigation process.

A:
Q:3

1.3 You have internal and external stakeholders with different risk issues in the
organisation. Complete in a table.
Internal stakeholders

External stakeholders

LEADERSHIP MANAGEMENT
Stability

risks

6
making Economy

risks-

organization be unable to manage economy
its finances.

has

when

the

busted

the

organization is at risk.

Organizational structure of the Political

factors



when

company can cause a risk if the government policies change hey
organization

does

not

allow can have some impact on the

smooth running of business
Innovation-

business

business hence, posing a threat

lacking Technology-

lack

of

proper

proper innovation of its product in follow-up on technology can
the market can experience threat affect the company negatively
since the sale might tend to since the business will not be
stagnate due to competition from meeting
other companies.

all

the

customers’

demands and needs.

Incentives – lack of business Shareholders-businesses

which

providing incentives to their focus on the personal interest and
workers can be a threat and not the business might pose a big
contribution to low productivity.

threat to the company.

LEADERSHIP MANAGEMENT

7

A:
Q:4

1.4 Conduct a PEST analysis for your organisation or one you are familiar with
for the risk you have established.
Pest analysis will involve some external factors that affect an
organization and are beyond the firm’s control. It is also used in the market
evaluation of a certain product in order to take advantage of the available
opportunities.
KAICS PEST analysis will first involve brainstorming about the four
factors which include; political, economic, socio-cultural, and the technological.
This will involve thinking critically and answer any possible factors to consider

NYS

S
S

Next, the company will brainstorm on all the possible opportunities in

NYS

in your organization in relation to the four key aspects.

regard to the changes in the environment. This is usually crucial since it will
open up new thought for KAICS company such as the organization can think of
coming up with a new product or opening new branches in the market.
Finally, KAICS company will deliberate on the possible threat that could
have emanated with the environmental factors and the impact they would have
on the business. After deliberation, a causal action is taken in order to exploit all
the opportunities in the company’s plan.

A:
Q...


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