Question

Project 1

• Design, develop and document a risk management plan related to:

  • the reduction of accidents, illness or incidents relating to worker or general public safety
  • the prevention of operational discontinuity
  • the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)
  • environmental impact issues—including resource use and management

  You might choose another risk area relevant to the organisation for which you work. If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.

  Explain why and how you would initiate and implement the risk management plan and:

  1. Establish the context and scope of the plan.
  2. Identify the risk/s.
  3. Analyse the risks.
  4. Select, plan and document risk management treatments.
  5. Explain the implementation monitoring and evaluation processes.

  Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.

  Submit:

  • the plan
  • research results and tools used in the assessment process and in the plan design
  • any relevant support information, charts, graphs, statistics etc

  The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

  Alternative assessment

  If you are currently employed in this field, to assist with assessment, and if you can verify that these are entirely your own work, you might submit any of the following:

  • written reports on activities that you have undertaken and that are directly associated with risk management
  • a portfolio of evidence showing a range of risk management strategies that you were instrumental in developing and implementing
  • assessment of the outcomes relevant to risk treatments that you have managed or overseen
  • third party workplace reports of on-the-job performance—to show that you can establish the risk context, identify risks, analyse risks, and select and implement treatments
  • performance review results relevant to participation in and management of risks
  • notes, electronic data and hard copy information related to presentations you have made informing teams and individuals of risk management processes

  Your assessor will determine how well this documentation meets the assessment requirements and will ask you a series of verbal questions relating to relevant documentation and legislation.

  The assessor will document your responses.

Answer 1

for above question i would choose the project 1-

risk management plan-

a- the reduction of accidents, illness or incidents relating to worker or general public safety-

under this point, the risk management plan would focus on the safety points of the workers & public.

a company which is involved in the working of potential threat to the health of any person like chemical industry, manufacturing industry, health or research organizations. these should make a plan to reduce the risk of accidents,illness or incidents to workers or public. following point can help in reducing the risk-

chemical industries should be located outside or far way from public area.
workers or employees should be given proper trainning to handle the hazardous work for thier own safety & it could also prevent from accidents.
workers should be given preventive guards or clothes & use them to prevent from any kind of accidents.
b- the prevention of operational discontinuity the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)-

operational discontinuity is the stoppage of work or operations due to some reasons like-

machinery problems
labour related problems etc.
this type of operational discontinuity can be solved by implementing new & improved measures to solve the problem like-

purchase of new & advanced machinary but risk would be the high cost of purchasing.
maintence of existing machinary but risk would be cost of maintenance again & again.
trainning to labour to improve the efficiency & effectiveness but risk would be the cost of trainning.
above points shows the scenario of changed process & risk associated with it.

c- environmental impact issues—including resource use and management-

environmental issues would be-

risk of technological change
risk of customer demand change
risk of change in economy etc
above environmental issues can not be solved properly but can be estimated in advance by SWOT analysis which reduces the impact of risk on business & management.

risk issues with resource use-

wastage of materials or resources which increase the cost.
cost of storage & poor inventory management.
risk issues with management-

poor support of top management with employees & workers.
mis communication in management & other functional departments etc.
the above points would be included in risk management plan so, that company can take corrective measures to reduce the risk up to an extent.

*above answer is given in my language. hope this would help you in your project.good luck.