Assessment Task 2 2015

Assessment Coversheet

Last name:

First name:

WIN ID:

Student contact phone number:

Student email:

Unit of study code: BSBRSK501B

Unit of study name: Manage Risk

Unit of Study Trainer: Mr.

Assessment title and Number: ______Risk Analysis ____________

___Assessment Task 2____

Due date: 14/06/2015

Time & date submitted: HR:MIN AM / PM 14/06/2015

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 Assessment Task 2 2015

Academic Honesty

All forms of plagiarism and unauthorized collusion are regarded as academic dishonesty by WIN,
resulting in penalties including failure of the unit of study and possible disciplinary action.

In submitting this assessment, I acknowledge the following:

I have read and understood WIN's Plagiarism Policy 2014 on page 21 at
(http://www.win.edu.au/images/Student_Handbooks/WIN_Shb_VET_v13_Oct_2013%20_2_.pdf).

I certify that this work is substantially my own, and where any part of this work is not my own, I have
indicated as such by acknowledging the source of that part or those parts of the work.

The assessment has not been submitted previously for assessment in another unit.

The assessment conforms to the requirements in the unit of study outline and that a corrupt file or
incorrect file type will not be accepted for submission by the system.

I have retained a duplicate copy of the assessment.

The trainer, in assessing this assessment, may reproduce this assessment, provide a copy to another
vocational staff member, and/or communicate a copy of this assessment to a plagiarism checking
service (which may then retain a copy of the assessment on its database for the purpose of future
plagiarism checking).

Students signature: Date 14/05/2015

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 Assessment Task 2 2015

RISK ANALYSIS AND MANAGEMENT PLAN

1. Likelihood For each risk, assess the likelihood of the risk occurring.

Banking risk theft of cash left on premises.

Likely - reputation/brand misfortune and punishment
Possible- lack of inside controls like employee management.
No security and control over money like observing and recording.
Managers travel risk physical injury.
By-law Compliance risk reputation/brand loss and fines.
Lack of expertise staff can cause problems.
Failure of the business can create many problems.
Unlikely- failure to meet agreeability principles in WHS, Privacy and mechanical relations law.
Lack of guidance to staff to complete their job.
Over use of water can cause problems.

2. Consequence For each risk, assess the consequence of the risk occurring.

Major-physical damage can happen to employees.

Moderate-notoriety/brand hardship.
Lack of inside controls, particularly over cash dealing with, watching and recording can cause
money loss.
Minor- failure to meet agreeability principles in WHS, Privacy and modern relations law.
Failure to compete with other competent.
Lack of guidance to staff can interrupt the working of working of caf.
Fine by government for over use of water.

3. Priorities Use a risk calculation table to assist in prioritizing the risks.

Extreme- physical damage.
High- reputation/brand hardship and orders.
Medium- Lack of policies and procedures to guide staff in doing their work.
Low-theft of cash left on premises.
Absence of composed strategy and methodology to guide staff in doing their obligations.
Efficient Water management

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Options For each prioritized risk, outline at least two suitable options for treating the risk.

1. Extreme-physical damage

Install a teleconferencing system.

Change banks to the nearer one to avoid the long walk.
staff straining
Danger signs in hazardous spots.
2. High- Notoriety/brand misfortune and punishments.

marketing execution
the improvement item quality
change the item observing method
3. Medium- lack of composed approach and systems to guide staff in doing their obligations.

responsible for individual

the obligation of the single person
employee Training
4. Low- burglary of trade in for money the reason.

Making it a company policy to bank every day and eliminate the need to carry overnight.
Hire security protects and use security lock to insure overnight cash holdings.
surveillance cams
limited access to data and assets
5. Low- efficient water management
Installing native plants to cut down water use.
Install a water tank and reduce dependence on council water.
Install dual flush toilets.
Introduce new processes on water use and conservation.
Write new policy and procedures for water use in Toowoomba.
Install a water usage graph in the staff room.
Replace the dishwasher with a 56 stat (WELS) rating.

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RISK ANALYSIS AND MANAGEMENT PLAN

Risk Assess Controls Monitoring Timelines Responsible

Risk (L,
M, H, E)

Physical damage E Staff training Risk signs for Manager

restricted areas

Lack of control H New water tank Set up checking Manager

over money should be procedure
utilizing water introduced

Lack of written M Staff training to Staff in-

Proper
policy and make new charge
implementation
procedures to procedures and
guide staff in plan to implement
carrying out their the procedures.
duties.

Theft of cash in L Deposit money to Check for Manager

the premise bank every day security locks
and cams

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