Bsbrsk501A Manage Risk

BSBRSK501A Manage risk

Activities

Chapter 1

Activity 1.1

Consider your work environment. What risks are evident or may be of threat to your

organisation? If you are not working, consider a well-known organisation in your local

area or economy, or a sports club or association with which you are involved.

5 different risk:

- Injuries

- Competitives

- Fraud

- Technological risk

- Economic and political conditions

- Reputation

Activity 1.2

Consider the organisation you used in Activity 1.1. Does the organisation have a

formal risk management policy? If so, identify and list the key areas that are covered

by the policy. What references are there to the current standard AS/NZS 4360:2004?

If the organisation does not have a policy, what key areas should a risk management

policy for this organisation cover? (page 8)

The organisations need to cover:

- Risk management objectives (specific expectations, outcomes)

- Risk management Scope (what is policy and how far it’ll cover)

- Risk management Processes (identify, analyse, treat, monitor, review)

- Risk assessment processes

- Organisational standards and procedures for risk management

Policy:

- Scope

Student’s full name1

BSBRSK501A Manage risk

- Purpose

- Objectives

- Procedures

- Processes

Activity 1.3

Consider the organisation you used in Activity 1.1. Identify the various areas of the

organisation that would be in the scope of the organisation’s risk management

policy. Which of these would be included due to requirements of legislation or

regulation?

- Operational activities

- Commercial business activities (clients, customers)

- HR (health and safety of employees)

- Finance

- HSE

Health and safety of employees would be included due to requirements of legislation.

Activity 1.4

Consider the organisation you used in Activity 1.1. Identify three internal factors and...