Assessment Task 2

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

Academic Honesty

BSBRSK501B

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Assessment Task 2
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%2
0_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

BSBRSK501B

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Assessment Task 2

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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Assessment Task 2
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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Assessment Task 2

RISK ANALYSIS AND MANAGEMENT PLAN

Risk

Assess
Risk (L,
M, H,
E)

Controls

Monitoring

Timelin
es

Responsibl
e

Physical
damage

Staff training

Risk signs
for restricted
areas

Manager

Lack of
control over
money
utilizing water

New water
tank should be
introduced

Set up
checking
procedure

Manager

Lack of
written policy
and
procedures to
guide staff in
carrying out
their duties.

Staff training
to make new
procedures
and plan to
implement the
procedures.

Theft of cash
in the
premise

Deposit money
to bank every
day

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Proper
implementat
ion

Check for
security
locks and
cams

Staff incharge

Manager

Assessment Task 2

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