501b Manage Risk

In: Business and Management

Submitted By kytumaudo
Words 5165
Pages 21
Assessment Task 1
Report on risks

Student guidelines
The Assessment Task is due on the date specified by your trainer/assessor. No variation to the assessment is permissible.
You must read the assessment in full and understand what the assessment is asking of you, prior to completing the task. The task must be answered in full, addressing all criteria as identified in the assessment and attaching any additional required evidence.
All answers must be completed correctly to be deemed satisfactory.
There is an opportunity for you to re-attempt this assessment if required, within the unit scheduled timetable. All task requirements must be completed satisfactorily for you to be deemed to have satisfactorily completed this assessment.

Note: Successful completion of this assessment does not imply automatic successful completion of the unit.
Assessment objective
For this task you are required to determine the risk context associated with establishing a new business outlet within the existing business structure. You will be required to review internal and external environment factors, obtain support for activities and liaise with relevant stakeholders to identify risks. For the MacVille Pty Ltd simulated business scenario provided, you are required to assume the role of Brisbane store Assistant Manager, Ash, who has just been promoted to be Manager of a new store. Ash has been tasked with conducting a risk management analysis of this new venture.
There are three stages to this project: (1) review, (2) analyse and plan, and (3) monitor. This project is divided into three assessment tasks as follows:
Assessment Task 1
Risk review report, email to stakeholders and meeting with CEO
Assessment Task 2

Risk analysis report, action plan and risk treatment
Assessment Task 3 Monitoring report…...

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