WE WRITE CUSTOM ACADEMIC PAPERS

100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Risk management plan for I.T corporation that does web site hosting and training

Order Description
Risk management plan for I.T corporation that does web site hosting and training

BSBRSK501: Assessment 1
What you have to do
For this assignment you will need to prepare a risk management plan for your organisation or for some other organisation from which you can obtain relevant information.
Please use the template attached for each task.

Task
Task 1
Explain the consultation and communication activities that you will undertake as part of the planning process. You must include a stakeholder analysis in relation to risk in your organisation.
Task 2
Establish, Identify and Analyse Risks
Review organisational processes, procedures and requirements. Analyse and assess the risks for your organisation. Apply the current risk management standards and processes to outline risk management for your organisation. Ensure you include the following:
a) Establish the risk context (PESTEL analysis)
b) Risk identification (SWOT analysis, ten risks must be identified)
c) Analyse and evaluate the ten risks, outline the likelihood of each risk to occur, and prioritise the risks. Include a risk matrix.

Task 3
Develop a Risk Register
a) Outline the ten risks and levels of control in the risk register part a template. You can create your own risk reference code unique to each risk e.g. a marketing risk may be given the risk reference code of MARK001.
b) Determine and select the most appropriate actions for treating the ten risks, develop an action plan in risk register part b to be implemented to treat the risks, if the risks were to occur. Discuss and evaluate the action plan and ongoing monitoring and communication of the risk management process.
Checklist
I have:
• Answered all questions in the template provided
• Included a bibliography
• Included my name, student number, unit number, assessment number
• Reviewed and spell checked my document
• Saved a copy on my own computer.
[Pick the date]

Risk Management Assessment
BSBRSK501 – Assessment 1

Name:
Student number:

Risk Management Plan
Company Overview
Replace this text with your Overview. Give a broad overview and description of the company’s business, number of employees, geographical location, and any other pertinent details. (100 words)

1. Consultation and Communication
Using the table, list key stakeholders for the organisation (and their job roles or titles), they may be responsible for management decisions, organisational structures and are impacted by risk or responsible for risk in the organisation. Also include stakeholders that are external to the organisation that you believe should be listed. (Add additional rows to the table if needed.)
An option may be to present your stakeholders in the following table. (Add additional rows to the table if needed.) [Then delete the suggested italics text so that only the table remains.]
(50 words)
Stakeholder Role Stakeholder’s agenda for Risks
e.g. Describe the stakeholder group e.g. Describe the role that this group has with the organisation e.g. what influences this stakeholder – a Finance Director’s agenda is to increase profit margin
Explain the consultation and methods of communication that you will undertake as part of the planning process (100-200 words).

2. Establish, Identify and Analyse Risks
Review organisational processes, procedures and requirements. Analyse and assess the risks for your organisation. Apply the current risk management standards and processes to outline risk management for your organisation.
2a. Establish the Context and Identify Risks
Start with completing a PESTEL analysis to understand the MACRO environment. This assists to uncover different risks that can affect the organisation (Remember this assessment must not be limited to WHS risks). For more information: http://www.mindtools.com/pages/article/newTMC_09.htm
Political Technology
e.g. Discuss how a change in government may affect specific factors

e.g. IT issues
Economic Environmental factors
e.g. Drop in Australian Dollar outline what this will affect
e.g. weather what impact does this have
Social issues Legislation
e.g. trends, culture, customer needs

e.g. laws affecting the organisation
Competitors Other
2b. Risk Identification
Discuss here what methods you will use to identify risks. Complete a SWOT analysis for your organisation to help you to identify internal and external risk factors. (150 – 200 words)

Strengths Weaknesses
e.g. Brand reputation, reliable staff
e.g. Bureaucratic style of management
Opportunities Threats
e.g. New product launch, expansion

e.g. Competitors

Discuss the risks that you have identified through your PESTEL analysis, SWOT analysis and the other methods you have used (200 words).

2c. Risk Analysis, Evaluation and Prioritisation
Analyse and evaluate ten risks, outline the likelihood of each risk to occur, and prioritise the risks. Include a risk matrix template from your notes. (Please attach the risk matrix template in your appendix).

3. Develop a Risk Register Plan
a. Outline the ten risks and levels of control in the risk register template Part A. You can create your own risk reference code unique to each risk e.g. a marketing risk may be given the risk reference code of MARK001.
b.
c. Determine and select the most appropriate actions for treating the ten risks, develop an action plan in template Part B to be implemented to treat the risks, if the risks were to occur. Discuss and evaluate the action plan and ongoing monitoring and communication of the risk management process.

Here you will include how you will resolve the risks according to the risk management hierarchy of control. Ensure you include strategies to monitor your risk treatments and a timetable for scheduling risk management activities.
d.

Risk Register Part A. Risk register: (Name of organisation)
Function (activity e.g. department): Compiled by: Date:
Date of risk review: Reviewed by: Date:

Risk Reference (unique identifier code)
What is the risk?

(Risk)

What can happen?

(Event)
How can it happen?

(Cause)
What can happen?

(Consequences/level of impact)
Current control strategies
A (Adequate)
M (Moderate)
I (Inadequate) Current risk level analysis
Risk priority (refer to risk matrix and attach matrix in appendix) Acceptability of Risk
A (Acceptable) or
U (Unacceptable)
Treat Risk
Yes or No
Likelihood Consequences Level
of risk
Risk Register Part B. Risk register: (Name of organisation)

Risk Reference (unique identifier code) Potential treatment options
Person responsible for monitoring the risk Cost to implement risk treatment Time frame to implement treatment Monitors to measure the effectiveness of the risk treatments Treatment of Risk Complete
Yes or No

Bibliography
List the full URLs of the websites or documents you have used in your research.
Use Harvard style referencing e.g.
Queensland Government: Business and industry portal, Preparing a risk management plan and business impact analysis, viewed 3/2/15, https://www.business.qld.gov.au/business/running/risk-management/risk-management-plan-business-impact-analysis
Appendix
Insert your risk matrix here

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Subject:
Type:
Pages/Words:
Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Level:
Currency:
Total Cost: NaN

Get 10% Off on your 1st order!