- Define the terms RISK and RISK MANAGEMENT PROCESS.
- What are the 10 principles of risk management (the 10 P’s)?
- Explain how will you communicate the risk management processes to alert the relevant parties (internal & external stakeholders) for potential hazards and risks in the workplace?
- What are the sources of gathering information for determining the level of risk within an organisation?
- Outline a strategy that you could implement to create awareness and interests among employees in the company’s risk management process.
- Outline a strategy that could be used to ensure participatory arrangements are established and maintained with employees and their representatives within a small business. Be sure to include how you would document this process and make the information available to all employees to ensure you meet legislative requirements.
- Outline the process you would use to ensure that any issues raised through participative arrangements and consultations are dealt with and resolved promptly and effectively?
- You are to detail how you would identify an intervention point for expert risk management advice. Be sure to provide examples of when you would seek expert advice, and who you would contact to receive such advice.
- Outline the Hierarchy of Control, explaining how it affects your suggested control measures.
- Describe AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines.
- Describe the documentation retention policy that applies to risk management paperwork.
- What information should you include in your risk management action plan?
- Describe the steps you would take when implementing and monitoring a risk management action plan.
- Describe the steps you would take when evaluating a risk management action plan.
- What are the 5 main risk types that face businesses?
- Perform PEST (Political, Legal, Social and Technological) analysis on the risk management policy and procedures of your workplace. (Student can choose any organisation of their choice).
- Review Strengths and weaknesses of exiting policy and procedures of your workplace
- Assess the impact or consequences if risks occur in an organisation. Also, determine how will you choose most appropriate options for the treatment of risks?
- Define critical success factors, goals or objectives for risk management process.
- Following from the previous question, you are to provide an example of a risk and a risk management strategy for each risk type.
