BSBRSK501 Manage Risk - Learner Workbook
Added on 2022-12-14
38 Pages8081 Words87 Views
Leadership ManagementProfessional Development
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Enhance College of Technology I RTO 41531
BSBRSK501
Manage risk
Learner Workbook
BSBRSK501
Manage risk
Learner Workbook
Enhance College of Technology I RTO 41531
P a g e | 2
Table of Contents
Table ofContents ................................................................................................ 2
Candidate Details ................................................................................................ 3
Assessment – BSBRSK501: Manage risk ................................................................................... 3
Competency Record to be completed by Assessor ..................................................................... 4
Observation/Demonstration ................................................................................... 5
Activities .......................................................................................................... 6
Activity 1.1.1 – 1.1.3.................................................................................................................... 6
Activity 1.2.1 – 1.2.3.................................................................................................................... 8
Activity 1.3.1 – 1.3.4.................................................................................................................. 10
Activity 1.4.1 .............................................................................................................................. 13
Activity 1.5.1 .............................................................................................................................. 15
Activity 1.6.1 – 1.8.1.................................................................................................................. 17
Activity 2.1.1 – 2.3.1.................................................................................................................. 19
Activity 3.1.1 – 3.3.2.................................................................................................................. 21
Activity 4.1.1 - 4.1.2 ..................................................................................................................... 24
Activity 4.2.1 – 4.3.1.................................................................................................................. 26
Activity 4.4.1 – 4.4.2.................................................................................................................. 27
Activity 4.5.1 – 4.5.2.................................................................................................................. 28
Activity 4.6.1 .............................................................................................................................. 29
Skills and Knowledge Activity .................................................................................................... 30
Major Activity ............................................................................................................................ 32
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Table of Contents
Table ofContents ................................................................................................ 2
Candidate Details ................................................................................................ 3
Assessment – BSBRSK501: Manage risk ................................................................................... 3
Competency Record to be completed by Assessor ..................................................................... 4
Observation/Demonstration ................................................................................... 5
Activities .......................................................................................................... 6
Activity 1.1.1 – 1.1.3.................................................................................................................... 6
Activity 1.2.1 – 1.2.3.................................................................................................................... 8
Activity 1.3.1 – 1.3.4.................................................................................................................. 10
Activity 1.4.1 .............................................................................................................................. 13
Activity 1.5.1 .............................................................................................................................. 15
Activity 1.6.1 – 1.8.1.................................................................................................................. 17
Activity 2.1.1 – 2.3.1.................................................................................................................. 19
Activity 3.1.1 – 3.3.2.................................................................................................................. 21
Activity 4.1.1 - 4.1.2 ..................................................................................................................... 24
Activity 4.2.1 – 4.3.1.................................................................................................................. 26
Activity 4.4.1 – 4.4.2.................................................................................................................. 27
Activity 4.5.1 – 4.5.2.................................................................................................................. 28
Activity 4.6.1 .............................................................................................................................. 29
Skills and Knowledge Activity .................................................................................................... 30
Major Activity ............................................................................................................................ 32
Enhance College of Technology I RTO 41531
P a g e | 3
Candidate Details
Assessment – BSBRSK501: Manage risk
Please complete the following activities and hand in to your trainer for marking. This forms part of
your assessment for BSBRSK501: Manage risk.
Name:
Address:
Email:
Employer:
Declaration
I declare that no part of this assessment has been copied from another person’s work with the
exception of where I have listed or referenced documents or work and that no part of this
assessment has been written for me by another person.
Signed:
Date:
If activities have been completed as part of a small group or in pairs, details of the learners
involved should be provided below:
This activity workbook has been completed by the following persons and we acknowledge that it
was a fair team effort where everyone contributed equally to the work completed. We declare that
no part of this assessment has been copied from another person’s work with the exception of where
we have listed or referenced documents or work and that no part of this assessment has been
written for us by another person.
Learner 1:
Signed:
Learner 2:
Signed:
Learner 3:
Signed:
P a g e | 3
Candidate Details
Assessment – BSBRSK501: Manage risk
Please complete the following activities and hand in to your trainer for marking. This forms part of
your assessment for BSBRSK501: Manage risk.
Name:
Address:
Email:
Employer:
Declaration
I declare that no part of this assessment has been copied from another person’s work with the
exception of where I have listed or referenced documents or work and that no part of this
assessment has been written for me by another person.
Signed:
Date:
If activities have been completed as part of a small group or in pairs, details of the learners
involved should be provided below:
This activity workbook has been completed by the following persons and we acknowledge that it
was a fair team effort where everyone contributed equally to the work completed. We declare that
no part of this assessment has been copied from another person’s work with the exception of where
we have listed or referenced documents or work and that no part of this assessment has been
written for us by another person.
Learner 1:
Signed:
Learner 2:
Signed:
Learner 3:
Signed:
Enhance College of Technology I RTO 41531
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Competency Record to be completed by Assessor
Learner Name:
Date of Assessment:
The learner has been assessed as competent in the elements and performance criteria and the
evidence has been presented as:
Assessor Initials
Authentic
Valid
Reliable
Current
Sufficient
Learner is deemed: COMPETENT NOT YET COMPETENT (Please circle)
If not yet competent, date for re-assessment:
Comments from Trainer / Assessor:
Assessor Signature:
P a g e | 4
Competency Record to be completed by Assessor
Learner Name:
Date of Assessment:
The learner has been assessed as competent in the elements and performance criteria and the
evidence has been presented as:
Assessor Initials
Authentic
Valid
Reliable
Current
Sufficient
Learner is deemed: COMPETENT NOT YET COMPETENT (Please circle)
If not yet competent, date for re-assessment:
Comments from Trainer / Assessor:
Assessor Signature:
Enhance College of Technology I RTO 41531
P a g e | 5
Observation/Demonstration
Throughout this unit, you will be expected to show your competency of the elements through
observations or demonstrations. Your instructor will have a list of demonstrations you must
complete or tasks to be observed. The observations and demonstrations will be completed as well as
the activities found in this workbook. An explanation of demonstrations and observations:
Demonstration is off-the-job
A demonstration will require:
Performing a skill or task that is asked of you
Undertaking a simulation exercise
Observation is on-the-job
The observation will usually require:
Performing a work based skill or task
Interaction with colleagues and/or customers
Your instructor will inform you of which one of the above they would like you to do. The
demonstration/observation will cover one of the unit’s elements.
The observation/demonstration will take place either in the workplace or the training environment,
depending on the task to be undertaken and whether it is an observation or demonstration. Your
instructor will ensure you are provided with the correct equipment and/or materials to complete the
task. They will also inform you of how long you have to complete the task.
You should be able to demonstrate you can:
1. Establish risk context
2. Identify risk
3. Analyse risk
4. Select and implement treatments
You will also need to show:
Reading
Writing
Oral communication
Numeracy
Navigate the world of work
Interact with others
Get the work done
P a g e | 5
Observation/Demonstration
Throughout this unit, you will be expected to show your competency of the elements through
observations or demonstrations. Your instructor will have a list of demonstrations you must
complete or tasks to be observed. The observations and demonstrations will be completed as well as
the activities found in this workbook. An explanation of demonstrations and observations:
Demonstration is off-the-job
A demonstration will require:
Performing a skill or task that is asked of you
Undertaking a simulation exercise
Observation is on-the-job
The observation will usually require:
Performing a work based skill or task
Interaction with colleagues and/or customers
Your instructor will inform you of which one of the above they would like you to do. The
demonstration/observation will cover one of the unit’s elements.
The observation/demonstration will take place either in the workplace or the training environment,
depending on the task to be undertaken and whether it is an observation or demonstration. Your
instructor will ensure you are provided with the correct equipment and/or materials to complete the
task. They will also inform you of how long you have to complete the task.
You should be able to demonstrate you can:
1. Establish risk context
2. Identify risk
3. Analyse risk
4. Select and implement treatments
You will also need to show:
Reading
Writing
Oral communication
Numeracy
Navigate the world of work
Interact with others
Get the work done
Enhance College of Technology I RTO 41531
P a g e | 6
Activities
Activity 1.1.1 – 1.1.3
Estimated Time 30 Minutes
Objective To provide you with an opportunity to review organisational processes,
procedures and requirements for undertaking risk management in
Accordance with current risk management standards.
Activity What is the difference between the new ISO13000 and AS/NZS 4360:2004?
ISO13000 and AS/NZS aims in improving the advance risk management
processes and practises that is followed within an organization. The ISO
13000 defines risk as an effect of uncertainty in a project and is aligned
with AS/NZS 4360:2004. However, the difference is in the process of
implementation of a risk management process. In ISO 13000, framework,
there are five steps of implementation of a risk management process. It is
a planned process and therefore is true for certain specific risks
The AS/NZS 4360:2004 on the other hand is a generic guide that is used for
management of the risks. This framework of risk is applied to a wide range of
activities, decision and operations within an organization. The benefit if this
risk management framework is that maximum benefit is obtained by
application of the risk management process.
Briefly outline the legal framework.
ISO 31000: This framework of risk management increases the likelihood of
achieving the main objectives of project execution. This framework is
mainly used for certification process and also provides guidance for
different internal and external audit programmes.
AS/NZS 4360:2004: This framework, generally assists an organization in
effective allocation of the resources and treatment of the risks. This
particular framework is known for improving the organizational learning and
organizational resilience process.
Case study: Christine Finkel worked 13 hours a day, six days a week for three
months. She noted that the floor was slippery but decided to help a customer
before taking steps to clear the area. By the time that Christine returned to the
area, she had forgotten that the floor was wet. Christine fell and broke her leg.
What unsafe behaviour have you identified here?
The unsafe behaviour that has been identified in the above case is that a
high priority risk was not attested on time, leading to a much bigger risk.
Before attaining the customers, Christine Finkel, should have instructed the
office boy in cleaning the wet floor. It would have hardly taken a couple of
minutes and the customer could have waited for two minutes. If the floor
was cleaned on time, Christine Finkel would not have hurt her leg.
P a g e | 6
Activities
Activity 1.1.1 – 1.1.3
Estimated Time 30 Minutes
Objective To provide you with an opportunity to review organisational processes,
procedures and requirements for undertaking risk management in
Accordance with current risk management standards.
Activity What is the difference between the new ISO13000 and AS/NZS 4360:2004?
ISO13000 and AS/NZS aims in improving the advance risk management
processes and practises that is followed within an organization. The ISO
13000 defines risk as an effect of uncertainty in a project and is aligned
with AS/NZS 4360:2004. However, the difference is in the process of
implementation of a risk management process. In ISO 13000, framework,
there are five steps of implementation of a risk management process. It is
a planned process and therefore is true for certain specific risks
The AS/NZS 4360:2004 on the other hand is a generic guide that is used for
management of the risks. This framework of risk is applied to a wide range of
activities, decision and operations within an organization. The benefit if this
risk management framework is that maximum benefit is obtained by
application of the risk management process.
Briefly outline the legal framework.
ISO 31000: This framework of risk management increases the likelihood of
achieving the main objectives of project execution. This framework is
mainly used for certification process and also provides guidance for
different internal and external audit programmes.
AS/NZS 4360:2004: This framework, generally assists an organization in
effective allocation of the resources and treatment of the risks. This
particular framework is known for improving the organizational learning and
organizational resilience process.
Case study: Christine Finkel worked 13 hours a day, six days a week for three
months. She noted that the floor was slippery but decided to help a customer
before taking steps to clear the area. By the time that Christine returned to the
area, she had forgotten that the floor was wet. Christine fell and broke her leg.
What unsafe behaviour have you identified here?
The unsafe behaviour that has been identified in the above case is that a
high priority risk was not attested on time, leading to a much bigger risk.
Before attaining the customers, Christine Finkel, should have instructed the
office boy in cleaning the wet floor. It would have hardly taken a couple of
minutes and the customer could have waited for two minutes. If the floor
was cleaned on time, Christine Finkel would not have hurt her leg.
Enhance College of Technology I RTO 41531
P a g e | 7
What could be the impact of Christine’s situation to the organisation?
Christine’s situation will have a very large impact on the current situation of the
organization. This is particularly because she is a dedicated employee who works
for 13 hours in a day, six days in a week for 3 months at a stretch. Since she broke
her leg, she will not be able to attain office for at least 3-4 weeks which indicates
business loss for the organization.
What would you do if you took a job as a supervisor and walked into a similar
situation?
If I had taken the job of a supervisor and had walked into a similar
situation, I would have arrange to sweep the floor as soon as possible. I
would have taken necessary steps to ascertain that similar situation does
not arise again by ensuring that there is no wet floor in the working
space.
P a g e | 7
What could be the impact of Christine’s situation to the organisation?
Christine’s situation will have a very large impact on the current situation of the
organization. This is particularly because she is a dedicated employee who works
for 13 hours in a day, six days in a week for 3 months at a stretch. Since she broke
her leg, she will not be able to attain office for at least 3-4 weeks which indicates
business loss for the organization.
What would you do if you took a job as a supervisor and walked into a similar
situation?
If I had taken the job of a supervisor and had walked into a similar
situation, I would have arrange to sweep the floor as soon as possible. I
would have taken necessary steps to ascertain that similar situation does
not arise again by ensuring that there is no wet floor in the working
space.
Enhance College of Technology I RTO 41531
P a g e | 8
Activity 1.2.1 – 1.2.3
Estimated Time 30 Minutes
Objective To provide you with an opportunity to determine scope for risk management
Process.
Activity Do you believe understanding the different types of risk can assist you in
defining the scope?
The scope of a project identifies the accurate goals, deliverables and the
tasks that are needed to be completed after the execution of the project.
The project scope is generally identified and determined at the beginning
of the project so that the process of project planning becomes easier. Risk
and uncertainties are an integral part of a project. Therefore,
identification of the different risks and uncertainties can assist the
project manager in defining the scope of the project. Therefore, an initial
risk management is generally carried out at the beginning of the project
so that the scope of the project can be identified correctly.
When writing the scope, what should the writer consider?
While writing the scope of a project, the most prominent risks in the
project are needed to be identified; so that the project can b planned in
an effective manner. Apart from the scope, the main deliverables of the
project should be considered along with the assumptions and the
limitations of the project. The details of the exclusion and the constraints
related to the project should be considered as well while writing the
scope of the project. The assumptions, constraints and the risks are
considered to be main factors linked with the scope of the project.
P a g e | 8
Activity 1.2.1 – 1.2.3
Estimated Time 30 Minutes
Objective To provide you with an opportunity to determine scope for risk management
Process.
Activity Do you believe understanding the different types of risk can assist you in
defining the scope?
The scope of a project identifies the accurate goals, deliverables and the
tasks that are needed to be completed after the execution of the project.
The project scope is generally identified and determined at the beginning
of the project so that the process of project planning becomes easier. Risk
and uncertainties are an integral part of a project. Therefore,
identification of the different risks and uncertainties can assist the
project manager in defining the scope of the project. Therefore, an initial
risk management is generally carried out at the beginning of the project
so that the scope of the project can be identified correctly.
When writing the scope, what should the writer consider?
While writing the scope of a project, the most prominent risks in the
project are needed to be identified; so that the project can b planned in
an effective manner. Apart from the scope, the main deliverables of the
project should be considered along with the assumptions and the
limitations of the project. The details of the exclusion and the constraints
related to the project should be considered as well while writing the
scope of the project. The assumptions, constraints and the risks are
considered to be main factors linked with the scope of the project.
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