BSBRSK401 Identify Risk And Apply Risk Management Processes Assessment Answer

BSBRSK401 Identify Risk and Apply Risk Management Processes

Assessment 

When you have completed all assessment tasks, complete the information at the front of the booklet and submit it to your trainer. Your trainer will provide you with feedback and you will be assessed as Competent or Not Yet Competent in this unit. If you are assessed as Not Yet Competent you will have an opportunity to be reassessed. 

Workplace Observation Assessment 

As part of your assessment for this course, there may be a need for your Trainer to come and observe you demonstrating skills in the workplace that reflect elements and criteria of this course. If this is the case, your Trainer will advise you of this requirement and organize a time with you to conduct this observation. 

Third Party Supervisor Skills Observation 

As part of your assessment for this course, there may be a need for your supervisor to document their observations of the skills that you have demonstrated in the workplace relevant to your qualification. If this is the case, there will be a copy of this document contained in your Student Assessment Booklet. It is your responsibility during work placement or at other times at your workplace to ensure that your supervisor completes the Third Party Supervisor Skills Observation checklist prior to submission to your Trainer.

Written work

Assessment projects are common assessment items used to measure a participants understanding.  A good project should:

• Have your name on each part of the project
• Use a numbering system for referencing to attachments (and clearly label attachments)
• Focus on the set tasks
• Show that you have researched the topic thoroughly
• Cover the topic in a logical and structured manner
• Be written in simple, clear language
• Be well presented with correct grammar, punctuation and referencing (if appropriate)

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk management field of work and include access to:

• relevant legislation, regulations, standards and codes
• relevant workplace documentation and resources
• case studies and, where possible, real situations 
• interaction with others. 
• Assessors must satisfy NVR/AQTF Assessor requirements
  Questioning

Briefly answer the questions below in the spaces provided.

1. Explain what is meant by risk management
2. Risks can be identified in many different contexts depending on the work situation, local industry and regions.  List three (3) contexts where risks may need to be managed in the workplace:
3. Complete the following sentence.

Your risk management treatments will need to be _________________ and __________________.

1. Give three (3) risk identification tools:
2. Explain the difference between an internal risk and an external risk:
   
3. Give two (2) risks that Gail could potentially plan for:
4. Identified risks do not have to be documented, just noticing them is enough.
   
5. Explain the definition of a stakeholder, and who that may include.
6. Explain how you would consult relevant stakeholders.
7. List five (5) relevant stakeholders who may need to be consulted when analysing and documenting risks:
8. Once risks have been identified they need to be categorised to determine their level of risk.  List the five (5) levels that you can rate the likelihood of a risk eventuating:
9. Explain why it is important to prioritise and determine the level of risk.
   
10. Complete the following sentence.

Controls are the __________________, __________________ and __________________ used to treat, or manage, risks.

1. List some of the strengths and weaknesses of choosing your control measure types.
2. Explain the risk audit method when monitoring risks.
3. Multiple choice;  Circle the correct answer.

Explain what you would do if you identify a risk that could have an impact beyond your own work responsibilities and area of operation?

1. Continue working as you normally would
2. Call the emergency service
3. Refer the risks to others as per policies and procedures
4. Try to reduce the risk yourself
   
5. Explain how you would ensure that you are detecting as many risks as possible.
   
6. Give three (3) examples of the smaller organisation golden rules.
7. True or false?  Circle the correct answer.

You mustn’t ensure all relevant areas of your organisation or business are aware of the risks that may impact them. 

Complete the following sentence.

A risk treatment __________________ is a document defining how risk __________________ and __________________ are to be implemented to treat particular risks or risk events.

Multiple choice;  Circle the correct answer.

At the completion of your project or business activity you will want to see all of your risks closed in the risk register. Each risk must meet one of the following criteria to be closed:

1. The risk was successfully prevented from occurring
2. The risk did not occur
3. The risk occurred and was treated
4. All of the above
5. Explain why it is important to monitor and review your risk treatments for the lifecycle of the project, and once they are complete.
   
6. Explain a simple yet effective way of how you would review risk treatments.
7. True or false?  Circle the correct answer.

The person given responsibility for the risk treatment is also usually responsible for the treatment monitoring and review. This person should not be responsible for communicating the results of the review to the concerned stakeholders and other areas that could benefit from this knowledge.

True or False

1. Explain two (2) steps to provide assistance to auditing risks in your own area of operation, and explain how you would achieve this.
2. Give three (3) primary purposes of monitoring and review.
3. Give five (5) questions you could ask yourself to complete the risk management review.
4. Describe how you would comprehend documents and texts of varying complexity to extract and analyse relevant information.
5. Explain how you would use specific, industry related terminology and logical organisational structure in the workplace documents that identify and analyse risk and report management process outcomes.
6. How would you participate effectively in interactions with stakeholders by using questioning and listening to elicit opinions and clarify understanding?
7. Explain how you would use numerical tools to assess risk and use numerical data to review plans

a) Why is it necessary to comply with organisational and legislative requirements?

b) Describe how would you take responsibility for identification and management of risk within your own work context and refer matters to others as required?

1. How would you select appropriate communication protocols and conventions when conferring with others to establish risk management requirements?

Portfolio Instructions 

Direct Observation Instructions