Accounting Assignment Help
BSB61015 Advanced Diploma of Leadership and Management
February 14, 2018
HI6006 Competitive Strategy
ITC563 | CRITIQUE IN SYSTEMS AND TECHNOLOGY
February 18, 2018

BSBRSK501 Manage risk

HI6006 Competitive Strategy

BSBRSK501 Manage risk

Learner Workbook

Table of Contents

Candidate Details…………………………………………………………………………………………………………………………. 3

Assessment – BSBRSK501: Manage risk……………………………………………………………………………………………………………………………… 3

Declaration………………………………………………………………………………………………………………………………………………………………………………… 3

Competency Record to be completed by Assessor…………………………………………………………………………………………………………… 4

Observation/Demonstration………………………………………………………………………………………………………… 5

Demonstration is off-the-job…………………………………………………………………………………………………………………………………………………. 5

Observation is on-the-job………………………………………………………………………………………………………………………………………………………. 5

Activities……………………………………………………………………………………………………………………………………… 6

Activity 1.1.1 – 1.1.3………………………………………………………………………………………………………………………………………………………………… 6

Activity 1.2.1 – 1.2.3………………………………………………………………………………………………………………………………………………………………… 8

Activity 1.3.1 – 1.3.4………………………………………………………………………………………………………………………………………………………………… 9

Activity 1.4.1…………………………………………………………………………………………………………………………………………………………………………… 12

Activity 1.5.1…………………………………………………………………………………………………………………………………………………………………………… 14

Activity 1.6.1 – 1.8.1……………………………………………………………………………………………………………………………………………………………… 15

Activity 2.1.1 – 2.3.1……………………………………………………………………………………………………………………………………………………………… 17

Activity 3.1.1 – 3.3.2……………………………………………………………………………………………………………………………………………………………… 19

Activity 4.1.1 – 4.1.2………………………………………………………………………………………………………………………………………………………………. 22

Activity 4.2.1 – 4.3.1……………………………………………………………………………………………………………………………………………………………… 24

Activity 4.4.1 – 4.4.2……………………………………………………………………………………………………………………………………………………………… 25

Activity 4.5.1 – 4.5.2……………………………………………………………………………………………………………………………………………………………… 26

Activity 4.6.1…………………………………………………………………………………………………………………………………………………………………………… 27

Skills and Knowledge Activity…………………………………………………………………………………………………………………………………………….. 28

Major Activity…………………………………………………………………………………………………………………………………………………………………………. 29

 

 

 

 

Candidate Details

Assessment – BSBRSK501: Manage risk

Please complete the following activities and hand in to your trainer for marking. This forms part of your assessment for BSBRSK501: Manage risk.

 

Name:                         _____________________________________________________________

Address:         _____________________________________________________________

_____________________________________________________________

Email:              _____________________________________________________________

Employer:      _____________________________________________________________

 

Declaration

I declare that no part of this assessment has been copied from another person’s work with the exception of where I have listed or referenced documents or work and that no part of this assessment has been written for me by another person.

Signed:            ____________________________________________________________

Date:               ____________________________________________________________

 

If activities have been completed as part of a small group or in pairs, details of the learners involved should be provided below:

 

This activity workbook has been completed by the following persons and we acknowledge that it was a fair team effort where everyone contributed equally to the work completed. We declare that no part of this assessment has been copied from another person’s work with the exception of where we have listed or referenced documents or work and that no part of this assessment has been written for us by another person.

 

Learner 1:      ____________________________________________________________

Signed:            ____________________________________________________________

 

Learner 2:      ____________________________________________________________

Signed:            ____________________________________________________________

 

Learner 3:      ____________________________________________________________

Signed:            ____________________________________________________________

Competency Record to be completed by Assessor

Learner Name:          _______________________________________________________

Date of Assessment: _______________________________________________________

 

The learner has been assessed as competent in the elements and performance criteria and the evidence has been presented as:

 

  Assessor Initials
Authentic  
Valid  
Reliable  
Current  
Sufficient  

 

Learner is deemed:                        COMPETENT             NOT YET COMPETENT (Please circle)

 

If not yet competent, date for re-assessment:____________________________________

 

Comments from Trainer/Assessor:

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

 

Assessor Signature:            ________________________________________________________

Observation/Demonstration

Throughout this unit, you will be expected to show your competency of the elements through observations or demonstrations. Your instructor will have a list of demonstrations you must complete or tasks to be observed. The observations and demonstrations will be completed as well as the activities found in this workbook. An explanation of demonstrations and observations:

Demonstration is off-the-job

A demonstrationwill require:

Performing a skill or task that is asked of you

Undertakinga simulation exercise

Observation is on-the-job

The observation will usually require:

Performing a work based skill or task

Interaction with colleagues and/or customers

Your instructor will inform you of which one of the above they would like you to do. The demonstration/observation will cover one of the unit’s elements.

The observation/demonstration will take place either in the workplace or the training environment, depending on the task to be undertaken and whether it is an observation or demonstration. Your instructor will ensure you are provided with the correct equipment and/or materials to complete the task. They will also inform you of how long you have to complete the task.

You should be able to demonstrate you can:

  1. Establish risk context
  2. Identify risk
  3. Analyse risk
  4. Select and implement treatments

You will also need to show:

Reading

Writing

Oral communication

Numeracy

Navigate the world of work

Interact with others

Get the work done

Activities

Activity 1.1.1 – 1.1.3

Estimated Time 30 Minutes
Objective To provide you with an opportunity to review organisational processes, procedures and requirements for undertaking risk managementin accordance with current risk management standards in accordance with current risk management standards.
Activity What is the difference between the new ISO13000 and AS/NZS 4360:2004?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Briefly outline the legal framework.

 

 

 

 

 

 

 

 

 

 

 

 

 

Case study: Christine Finkel worked13 hours a day, six days a week for three months.She noted that the floor was slippery but decided to help a customer before taking steps to clear the area.By the time that Christine returned to the area, she had forgotten that the floor was wet.

Christine fell and broke her leg.

What unsafe behaviour have you identified here?

 

 

 

 

 

 

What could be the impact of Christine’s situation to the organisation?

 

 

 

 

 

 

 

 

 

 

 

 

 

What would you do if you took a job as a supervisor and walked into a similar situation?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 1.2.1 – 1.2.3

Estimated Time 30 Minutes
Objective To provide you with an opportunity to determine scope for risk management process.
Activity Do you believe understanding the different types of risk can assist you in defining the scope?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What needs to be evaluated and why?

Based on your outline in the previous question, use your knowledge of your own organisation to write a brief scope of risk management for your organisation. (Note: if you work in a large organisation, you can use this question to write a scope for a project you work on or have worked on). In your answer, briefly explain the organisation or project.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 1.3.1 – 1.3.4

Estimated Time 30 Minutes
Objective To provide you with an opportunity to identify internal and external stakeholders and their issues.
Activity Who are your internal stakeholders?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Who are your external stakeholders?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identify three of your organisation’s stakeholders. What are their objectives towards your organisation, in terms of risk management (e.g. supplier believes goods onto an unsafe delivery dock)? Who is your contact with the supplier and how would you consult with them?What are your feedback and consultation procedures with them?

Stakeholder Objective/s Contact Feedback and consultation
 

 

 

     
 

 

 

     
 

 

 

 

     

 

 

In recent months, your organisation has grown as demand for the product has increased.In turn, the number of deliveries from one of your suppliers has increased.Your organisation has established a strong relationship with one driver, Nick, and he is the only one able to deliver goods to the organisation, due to the volatility of the goods being deliverred.Do you believe that the driver is put at risk?Why?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What could the impact of the increase of deliveries have on the supplier?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The supplier contacts you and asks you to change your driver policy, as the driver has complained.What is this called?How would you resolve this problem?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 1.4.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to review political, economic, social, legal, technological and policy context.
Activity With your team, make a list of the at least one change in the following areas that will impact on your organisation’s risk management processes.What steps would you take to ensure that your work area is safe, with regards to risk?

 

The areas are:

 

Political

 

 

 

 

 

 

 

 

 

Economic

 

 

 

 

 

 

 

 

 

Social

 

 

 

 

 

 

 

 

 

Legal

 

 

 

 

 

 

 

 

 

Technological

 

 

 

 

 

 

 

 

 

 

 

The policy context

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 1.5.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to review strengths and weaknesses of existing arrangements.
Activity Complete a SWOT analysis of an organisation that you know well.

 

Is the organisation internally or externally driven?Why?

 

 

 

 

 

 

Activity 1.6.1 – 1.8.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to document critical success factors, goals or objectives for area included in scope.
Activity Use the following critical success factors to explain how you would ensure that your organisation’s performance improves.The CSFs are:

 

Trust

 

 

 

 

 

 

 

 

Organisational culture

 

 

 

 

 

 

 

 

 

 

Management support

 

 

 

 

 

 

 

 

 

Communication

 

 

 

 

 

 

 

 

 

 

 

 

How can you know if you have handled the CSFs correctly?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 2.1.1 – 2.3.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to invite relevant parties to assist in the identification of risks.
Activity Identify a risk in your work area (or possible risk if there are no risks requiring improvement).

 

What is the risk?

 

 

 

 

 

 

 

 

 

Provide details of the problem.

 

 

 

 

 

 

 

 

 

Who would you discuss this problem with?

 

 

 

 

 

 

 

 

 

 

What type of research would you do to measure the level of risk?

 

 

 

 

 

 

 

 

 

 

What documentation could you use?

 

 

 

 

 

 

 

 

 

 

What literature would you research?

 

 

 

 

 

 

 

 

 

 

 

Consultation is an important part of the risk analysis?In what ways can you gather information from stakeholders in this instance?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 3.1.1 – 3.3.2

Estimated Time 45 Minutes
Objective To provide you with an opportunity to assess likelihood of risks occurring.
Activity Using the research from Activity 2.1.1-2.3.1, complete the following:

 

Likelihood

Ø  Probability of a given risk occurring, such as:

o   Almost Certain (exposed to hazard constantly)

o   Likely (exposed to hazard occasionally)

o   Unlikely (could happen but only rarely)

o   Highly unlikely (could happen but probably never will).

 

Moderate Injury consequences & possible likelihood form part of standard Risk Management but you can decide if they meet your requirements.

Consequences may be rated as:

 

a)       A fatality[1]

b)       Major or serious injury (serious damage to health that may be irreversible, requiring medical attention and ongoing treatment).This is likely to involve significant time off work;

 

 

c)       Minor injury (reversible health damage that may need medical attention but limited ongoing treatment).This means that it is less likely to spend more than a day off work.

d)       Negligible injuries (might sustain slight injury and may require only primary first aid) and no time off work

 

Assess the risk

 

What is the likelihood of this problem arising again?

What are the possible consequences of this risk?

Evaluate and priorities risks for treatment?

What risk priority would you consider?

What opportunities do you think there are in your case?How can these opportunities be used?

Activity 4.1.1 – 4.1.2

Estimated Time 30 Minutes
Objective To provide you with an opportunity to determine and select most appropriate options for treating risks.
Activity Using the Hierarchy of Control Pyramid to identify ways in which to eliminate, control or minimise the hazard used in the Activity 2.1.1-2.3.1 and 3.1.1-3.3.2:

 

 

Suggest at least one way of handling the risk for each step of the process:

 

Ø  Elimination

 

 

 

 

 

 

 

 

 

Ø  Substitute or modify

 

 

 

 

 

 

 

 

Ø  Isolate

 

 

 

 

 

 

 

 

Ø  Engineering controls

 

 

 

 

 

 

 

 

 

 

Ø  Administration controls

 

 

 

 

 

 

 

 

 

Ø  PPE

 

 

 

 

 

 

 

 

 

What control would you recommend? Why?

 

 

 

 

 

 

Activity 4.2.1 – 4.3.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to develop an action plan for implementing risk treatment.
Activity Briefly explain the risk action plan for this assessment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 4.4.1 – 4.4.2

Estimated Time 30 Minutes
Objective To provide you with an opportunity to ensure all documentation is in order and appropriately stored.
Activity Individually or in pairs, discuss the following questions:

 

What documentation and records do you think you will need to maintain and file before, during and after the action plan is implemented?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Why?

 

 

 

 

 

 

 

 

 

 

 

Activity 4.5.1 – 4.5.2

Estimated Time 30 Minutes
Objective To provide you with an opportunity to implement and monitor action plan.
Activity Individually or in pairs, discuss the following questions:

 

You need to be able to implement the action plan.What do you need to do? Briefly outline how you will implement each step.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How often will you communicate with stakeholders?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 4.6.1

Estimated Time 30 Minutes
Objective To provide you with an opportunity to evaluate risk management process.
Activity How will you evaluate your case?Develop a tool that you can use to perform this task.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Skills and Knowledge Activity

Estimated Time 45 Minutes
Objective To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence.
Activity Complete the following individually and attach your completed work to your workbook.

 

The answers to the following questions will enable you to demonstrate your knowledge of:

Reading

Writing

Oral communication

Numeracy

Navigate the world of work

Interact with others

Get the work done

 

Answer each question in as much detail as possible, considering your organisational requirements for each one.

 

1.       What are the five steps for implementation of the AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines? Explain.

 

2.       Outline the difference between the Act, Regulations and Codes of practice.

 

3.       What are your organisation’s policies and procedures regarding risk management?

 

4.       How might you adjust your risk management to incorporate disabled employees/customers?

 

5.       What steps will you need to take to monitor your risk management plan?

 

 

 

 

 

 

 

 

 


Major Activity

Estimated Time 1 – 2 Hours
Objective To provide you with an opportunity to demonstrate your knowledge of the entire unit.
Activity This is a major activity – your instructor will let you know whether you will complete it during class or in your own time.

Attach your completed answers to the workbook.

You must individually, answer the following questions in full to show your competency of each element:

1.       Establish risk context

2.       Identify risk

3.       Analyse risk

4.       Select and implement treatments

 

Complete the following and present it as a portfolio:

 

For this project you may use the follow scenario or you can choose a risk that you are familiar with in your workplace. What you must be able to do is identify and describe in each step of the process the influence the organisation’s policies, processes and procedures throughout your answers – this will allow you to demonstrate your understanding of the risk management process.

 

If you are not employed, use a former employer and, if you have never worked in the workforce, use the knowledge and legislation within your learner guide and refer to it where necessary in each question.

 

If you are using your own case, briefly outline the scenario.

 

1.       What part/s of the legal framework will impact on this risk?

 

2.       What standard applies presently?

 

3.       What areas does your risk address? (e.g. commercial relationships)

 

4.       There are different types of risk, including legal, financial and safety risk. Which one/s do you think apply in your case?

 

5.       Who is responsible for this risk?

 

6.       Who are your external and internal stakeholders?What are their objectives?

 

7.       Review any political, legal, social, economic or technological changes that will influence you. Create a SWOT analysis of these below.

 

8.       Outline how critical success factors will influence this case.

 

 

9.       Using the stakeholders identified earlier, identify how you would communicate and consult with each party changes?

 

10.   What other research would you need to do in this case?

 

11.   In this next section, you may choose to complete a risk assessment form internal to your organisation.This is acceptable.

 

Likelihood

Ø  Probability of a given risk occurring, such as:

o    Very likely (exposed to hazard constantly)

o    Likely (exposed to hazard occasionally)

o    Unlikely (could happen but only rarely)

o    Highly unlikely (could happen but probably never will).

 

Consequences may be rated as:

 

a)       A fatality[2]

b)       Major or serious injury (serious damage to health that may be irreversible, requiring medical attention and ongoing treatment).This is likely to involve significant time off work;

c)       Minor injury (reversible health damage that may need medical attention but limited ongoing treatment).This means that it is less likely to spend more than a day off work.

 

d)       Negligible injuries (might sustain slight injury and may require only primary first aid) and no time off work

 

Assess the risk

 

12.   What is the likelihood of this problem arising again?

 

13.   What are the possible consequences of this risk?

 

14.   Evaluate and priorities risks for treatment?

 

15.   What risk priority would you consider?

 

 

16.   What opportunities do you think there are in your case?How can these opportunities be used?

 

17.   Based on your assessment and research, list the ways in which you can minimise the risk.

Choose the risk option that you believe is correct.Which one is it?

 

18.   Briefly explain the risk action plan for this assessment.

 

 

19.   What documentation and records do you think you will need to maintain and file before, during and after the action plan is implemented?

 

20.   Why?

 

21.   You need to be able to implement the action plan. What do you need to do? Briefly outline how you will implement each step.

 

22.   How often will you communicate with stakeholders?

 

23.   How will you evaluate your case?Develop a tool that you can use to perform this task

[1] All notes are taken from the Occupational Health and Safety Code of Practice 2008

[2] All notes are taken from the Occupational Health and Safety Code of Practice 2008

Leave a Reply

Your email address will not be published. Required fields are marked *