self-awareness

Topics: Risk management, Management, Risk Pages: 20 (2137 words) Published: October 14, 2014
Implement, monitor and review risk management
Submission details
Candidate’s name
Quoc Ky Mac
Phone no.

Assessor’s name
Anita Caile
Phone no.

Assessment site

Assessment date/s

Time/s

The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective

Assessment Task 2 requires candidates to demonstrate the skills and knowledge necessary to implementing risk treatment and monitoring and reviewing risk management in the context of a simulated business. Assessment description

To complete this assessment task, you will need to review a simulated business and its associated documentation then review the risk treatment planning you prepared for Assessment Task 1. You will then need to implement risk treatment, schedule and complete monitoring of risk treatment in accordance with your area of responsibility, and write a report containing recommendations for the improvement of risk management. Procedure

1. Review the simulated business information for MacVille in the Appendices of your Student Workbook. 2. Review the scenario information contained in the Appendices of this assessment task. 3. Create a schedule of monitoring activities. Consider/record: a. all controls and relevant monitoring activities

b. responsibilities, including personal responsibilities
c. performance measures (measures of success) and targets
d. key timelines for monitoring activities
e. audit requirements as specified in scenario.
4. Implement risk management activities as per the risk treatment action plan you completed in Assessment Task 1 and monitor the success of controls as required by the monitoring schedule and organisational duties. 5. Complete a risk audit report. Complete the report regarding areas of your own responsibility. Complete risk descriptions, objectives, measures for areas of others’ responsibility. Submit copy of incomplete report to your assessor to receive results. 6. Receive a completed copy of the audit report from your assessor. 7. Amend the audit report if necessary for areas of your responsibility. For example, your view of the success of your control activities, such as training, procedure writing, and communications for the project team or Australian staff and managers may change if their affect on others’ behaviour is short lived, not adhered to, or not ultimately effective in reducing or eliminating risk. 8. Based on your analysis of the completed audit report, produce a one- to two-page report for continuous improvement. Include at least three recommendations for improvement of risk management in the organisation. Attach the final audit report to report on continuous improvement. 9. Submit documentation in accordance with specifications below. Ensure you keep copies of your work for your own records. Specifications

You must provide:
schedule of monitoring activities
evidence of implementation:
policies (written or amended)
procedures for team members to follow, including, for example, written procedures, diagrams, or flowcharts detailed role descriptions of team members
signage
communications to team members, Australian staff or managers video evidence of implementation activity
and/or demonstrate implementation:
presentation for team members, workers or managers
information session for team members, workers or managers
training for workers or managers, particularly for team members on how to successfully implement project at the lowest risk demonstrate use or set up of risk management tools
demonstrate procedures to reduce risk to team members
incomplete audit report
one- to two-page report for continuous improvement with final audit report attached. Your assessor will be looking for:
literacy skills sufficient to read and understand a variety of texts and to write, edit and...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Developing Self-Awareness Is a Requirement for All Counselling Trainees. Why Might This Be so? Discuss the Benefits and Difficulties of...
  • Self Knowledge and Happiness in Pride and Prejudice Essay
  • Cultural and Teamwork Map and Self Reflection Essay
  • Essay on Self Awareness
  • Self Awareness Essay
  • Self Awareness Essay
  • Essay about experience& self awareness
  • Essay about self awareness

Become a StudyMode Member

Sign Up - It's Free