Assessment Task 1 Cover Sheet <\/p>\n
Students: Please fill out this cover sheet clearly and accurately. Make sure you have kept a copy of your work.<\/p>\n
Name:<\/p>\n
Date of submission:<\/p>\n
Assessor to complete<\/p>\n
Assessment Requirements<\/p>\n
Satisfactory\/ Not satisfactory<\/p>\n
Date<\/p>\n
Was this a re- submission?<\/p>\n
Y\/N<\/p>\n
If yes, what attempt?<\/p>\n
Assessment Task 1: Activities<\/p>\n
1st attempt 2nd attempt <\/p>\n
Re-assessment <\/p>\n
STUDENT DECLARATION<\/p>\n
I declare that these tasks are my own work.<\/p>\n
None of this work has been completed by any other person.<\/p>\n
I have not cheated or plagiarised the work or colluded with any other student\/s.<\/p>\n
I have correctly referenced all resources and reference texts throughout these assessment tasks.<\/p>\n
I understand that if I am found to be in breach of policy, disciplinary action may be taken against me.<\/p>\n
Student signature: ____________________________________________________________________________________________________<\/p>\n
Student name: ________________________________________________________________________________________________________<\/p>\n
ASSESSMENT TASK 1: Written Questions A <\/p>\n
TASK SUMMARY:<\/p>\n
To provide you with an opportunity to show you have the required knowledge for this unit. The answers to the following questions will enable you to demonstrate your knowledge of:<\/p>\n
Risk management framework<\/p>\n
Risk management techniques, tools and approaches<\/p>\n
RESOURCES AND EQUIPMENT REQUIRED TO COMPLETE THIS TASK<\/p>\n
Access to textbooks and other learning materials.<\/p>\n
Access to a computer and the Internet (if you prefer to type your answers).<\/p>\n
WHAT NEEDS TO BE SUBMITTED?<\/p>\n
Your answers to all questions<\/p>\n
Complete the Student\u2019s Self-evaluation Checklist<\/p>\n
WHAT HAPPENS IF I GET SOMETHING WRONG?<\/p>\n
If your assessor marks any of your answers as incorrect, they will talk to you about resubmission. You will need to do one of the following:<\/p>\n
Type the questions that were incorrect and resubmit.<\/p>\n
Answer the questions that were incorrect verbally.<\/p>\n
INSTRUCTIONS:<\/p>\n
Answer each question in as much detail as possible, considering your organisational requirements (or organisation of your choice or a hypothetical organisation if you are not currently employed).<\/p>\n
ACTIVITY 1A<\/p>\n
Give three examples of risk objectives.<\/p>\n
Risk Objectives<\/p>\n
a.<\/p>\n
b.<\/p>\n
c.<\/p>\n
For the building and construction industry, what are the relevant standards and legislation regarding risk management?<\/p>\n
ACTIVITY 1B<\/p>\n
What areas might project risk context include?<\/p>\n
Choose and outline one external\/strategic and one internal\/organisation context for a past project you have been involved in and explain how they affected the project in no more than 200 words each.<\/p>\n
ACTIVITY 1C<\/p>\n
Define what project risks are.<\/p>\n
How might you go about identifying project risks?<\/p>\n
Outline two methods of qualitative analysis for likelihood.<\/p>\n
Outline two methods of quantitative analysis for likelihood.<\/p>\n
Using the risk identification template outlined in 1.3 of the unit, complete risk identification for a project of your choosing in the workplace<\/p>\n
ACTIVITY 1D<\/p>\n
What are the risk classifications for the building and construction sector?<\/p>\n
Outline the three most common types of risk in a project in no more than 100 words each.<\/p>\n
What actions should you take for the following risk classifications:<\/p>\n
Unacceptable<\/p>\n
Undesirable<\/p>\n
Tolerable<\/p>\n
Broadly acceptable.<\/p>\n
ACTIVITY 2A<\/p>\n
What is the relationship between risk classification and the impact of risks?<\/p>\n
How do you come up with a risk ranking system in your organisation (or organisation of your choice?<\/p>\n
ACTIVITY 2B<\/p>\n
What information would you need for a SWOT analysis for risk classification?<\/p>\n
What questions might you include in a SWOT analysis for risk classification?<\/p>\n
ACTIVITY 2C<\/p>\n
What is your organisation’s process of identifying risk priorities?<\/p>\n
ACTIVITY 2D<\/p>\n
What is the purpose of a risk register?<\/p>\n
For a project you have been a part of in the past, complete a risk register and risk management plan.<\/p>\n
ACTIVITY 3A<\/p>\n
What risk controls exist industry-wide for your organisation?<\/p>\n
Give four examples of risk control strategies.<\/p>\n
ACTIVITY 3B<\/p>\n
Outline the following risk treatment options in no more than 60 words each:<\/p>\n
Accept risk<\/p>\n
Mitigate risk<\/p>\n
Transfer or share risk<\/p>\n
Avoid risk.<\/p>\n
ACTIVITY 3C<\/p>\n
Using the template below, fill out the treatment an identified risk in a past project.<\/p>\n
Risk ID:<\/p>\n
Risk description:<\/p>\n
Predicted impact:<\/p>\n
Response recommendation:<\/p>\n
Proposed actions:<\/p>\n
Resources required:<\/p>\n
Person(s) responsible:<\/p>\n
Response schedule:<\/p>\n
Reporting\/monitoring requirements:<\/p>\n
Project manager<\/p>\n
Name …………………………… Date: ……………………….. Signature ……………..<\/p>\n
Authorisation<\/p>\n
Name …………………………… Date: ……………………….. Signature ……………..<\/p>\n
ACTIVITY 3D<\/p>\n
Why might you need to update risk plans?<\/p>\n
What review techniques do you use in your organisation to update risk plans?<\/p>\n
ACTIVITY 4A<\/p>\n
Your assessor will assign you at least one of the following possible risk review components:<\/p>\n
Ad hoc due to emergency events<\/p>\n
Gateway or stage transition reviews<\/p>\n
Ongoing through team member assigned responsibility<\/p>\n
Regular risk discussions at project meetings<\/p>\n
Scheduled formal reviews<\/p>\n
Risk control audits<\/p>\n
Risk insurance review<\/p>\n
Contract reviews (internal and external)<\/p>\n
Review of internal processes<\/p>\n
Incident debriefs<\/p>\n
Test\/trial events.<\/p>\n
Outline the benefits of the component to a risk review process in no more than 300 words.<\/p>\n
ACTIVITY 4B<\/p>\n
What things should you be looking out for when monitoring the risk environment?<\/p>\n
What changes might occur to the internal and external environments within a risk context?<\/p>\n
ACTIVITY 4C<\/p>\n
Explain the following concepts in no more than 50 words each:<\/p>\n
Emergency response<\/p>\n
Recovery response<\/p>\n
Continuity response<\/p>\n
How might you deal with changes to the risk environment?<\/p>\n
ACTIVITY 4D<\/p>\n
Outline the following concepts in no more than 60 words each:<\/p>\n
Accept risk<\/p>\n
Mitigate risk<\/p>\n
Transfer or share risk<\/p>\n
Avoid risk.<\/p>\n
Give four examples of risk control options. Briefly outline them.<\/p>\n
ACTIVITY 5A<\/p>\n
1. Create a checklist for determining the effectiveness of risk management processes and procedures.<\/p>\n
ACTIVITY 5B<\/p>\n
What types of risk management issues might you need to document?<\/p>\n
What things do you need to keep in mind when creating documentation (in general)?<\/p>\n
What do I need to hand in for this task?<\/p>\n
Have I completed this?<\/p>\n
Your answers to each question<\/p>\n
\uf06f<\/p>\n
Complete the Student\u2019s Self-evaluation Checklist<\/p>\n
\uf06f<\/p>\n
FOR STUDENT TO COMPLETE<\/p>\n
Assessment Task 1: Written Questions A<\/p>\n
Student\u2019s self-evaluation checklist<\/p>\n
In completing this assessment task, I have developed knowledge and understanding of key topics in relation to:<\/p>\n
Tick or X<\/p>\n
1.<\/p>\n
determining risk objectives and standards, with input from stakeholders<\/p>\n
\uf0a8<\/p>\n
2.<\/p>\n
establishing project risk context to inform risk management processes.<\/p>\n
\uf0a8<\/p>\n
3.<\/p>\n
identifying project risks using valid and reliable risk identification methods<\/p>\n
\uf0a8<\/p>\n
4.<\/p>\n
classifying project risks within agreed risk categories<\/p>\n
\uf0a8<\/p>\n
5.<\/p>\n
determining risk analysis classification criteria and apply to agreed risk ranking system.<\/p>\n
\uf0a8<\/p>\n
6.<\/p>\n
using risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities<\/p>\n
\uf0a8<\/p>\n
7.<\/p>\n
determining risk priorities in agreement with project client and other stakeholders<\/p>\n
\uf0a8<\/p>\n
8.<\/p>\n
Documenting risk analysis outcomes for inclusion in risk register and risk management plan<\/p>\n
\uf0a8<\/p>\n
9.<\/p>\n
identifying and document existing risk controls<\/p>\n
\uf0a8<\/p>\n
10.<\/p>\n
considering and determine risk treatment options using agreed consultative methods<\/p>\n
\uf0a8<\/p>\n
11.<\/p>\n
recording and implementing agreed risk treatments<\/p>\n
\uf0a8<\/p>\n
12.<\/p>\n
updating risk plans and allocating risk responsibilities to project team members<\/p>\n
\uf0a8<\/p>\n
13.<\/p>\n
establishing regular risk review processes to maintain currency of risk plans<\/p>\n
\uf0a8<\/p>\n
14.<\/p>\n
regular monitoring risk environment to identify changed circumstances impacting on project risks<\/p>\n
\uf0a8<\/p>\n
15.<\/p>\n
determining risk responses to changed environment<\/p>\n
\uf0a8<\/p>\n
16.<\/p>\n
implementing agreed risk responses and modifying plans to maintain currency of risk treatments and controls<\/p>\n
\uf0a8<\/p>\n
17.<\/p>\n
reviewing project outcomes to determine effectiveness of risk management processes and procedures.<\/p>\n
\uf0a8<\/p>\n
18.<\/p>\n
identifying and documenting risk management issues and recommending improvements for application to future projects<\/p>\n
\uf0a8<\/p>\n
I confirm that the above self-evaluation checklist are true and correct.<\/p>\n
Student Name:<\/p>\n
Student Signature:<\/p>\n
BSBPMG508A Manage project risk<\/p>\n
Student Assessment Booklet<\/p>\n
Version 2.0 October 2020, Approved Quality assurance & Compliance Manager Pan Bird Pty Ltd t\/a Tr4in Right l RTO Code 22281 l CRICOS Code 03618G Copyright \u00a9 2020 Tr4in Right<\/p>\n
Page 21 of 33<\/p>\n","protected":false},"excerpt":{"rendered":"
Assessment Task 1 Cover Sheet Students: Please fill out this cover sheet clearly and accurately. Make sure you have kept a copy of your work. Name: Date of submission: Assessor to complete Assessment Requirements Satisfactory\/ Not satisfactory Date Was this a re- submission? Y\/N If yes, what attempt? Assessment Task 1: Activities 1st attempt 2nd […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10],"class_list":["post-78195","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/78195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=78195"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/78195\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=78195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=78195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=78195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}