Assessment | Create a schedule of monitoring activities

January 23, 2019
[BSBRSK401 IDENTIFY RISK AND APPLY
MANAGEMENT PROCESSES]
ASSESSMENT TASK 2- Submission date – 22th Jan
Review the Macville scenrio /Appendix 1/
- A Project: - Macville in Papua New Guinea
- Duration:
 Beginning of the first quarter of the financial year now
 Schedule monitoring activity for end of the second
quarter
1. Create a schedule of monitoring activities
o Three risks, one control for each risk and all relevant monitoring
activity, as you identified in Task 1
2. A portfolio of evidence of your implementation /Implement risk
management activities as per the risk treatment action plan you
completed in Task 1 and monitor the success of controls
o Policies
o Procedures for team members to follow
o Role description of team members
o Signage
o Communication to team members
3. A complete risk audit report /Appendix 2/ Note: leave the result column
blank at this stage/
4. A write report for continuous improvement of risk management in
the organisation /at least three recommendations for improvement of risk
management/
5. A complete risk audit report /appendix 2/ the result column
1. Monitoring schedule at MacVille
/Complete the template based on identified risks in Assessment Task 1 /
Control Monitoring Activity Responsibility Timelines
For risk 1:
Engaging with new
international and
local suppliers to
ensure quality and
avoid on relying on
too few suppliers
Collect and research
information about new
suppliers Operation Manager
Every
quarter
Quarterly report on
production

January 23, 2019
[BSBRSK401 IDENTIFY RISK AND APPLY
MANAGEMENT PROCESSES]
For risk 2:
Engage with
demand planning
such that adequate
supply of raw
materials can be
maintained
Include demand
planning
Inventory Manager Every
Quarter
Demand scheduling
with inventory manager
Preparing reports on
supplies
For risk 3:
Engaging with
workforce and
devising a suitable
HR plan with
appropriate policy
Prepare HR policies and
procedures
HR Manager Every
Quarter
Implement polices
Undertake training
2. A portfolio of evidence of your implementation
Answer:
Implementation of risk management activities can be understood by means of implementing
the policies such as demand scheduling, supplier policies and HR policies. Procedures will be
given to team members such that they can implement risk management plans appropriately
and control risks (Nechaev, Antipina, and Prokopyeva, 2014, p 570). Role of team members
is most important while controlling risks. Each members from different teams will be given
responsibility to document, evaluate and monitor implementing risk management plans.
Continuous communication will be maintained with the team members to ensure that they
can carry out the implementation procedure in an appropriate manner.
3. MacVille incomplete risk audit report
Risk
description
Control’s
Implemented
Objectives
/targets
Measures Result
Risk1:
Supplier
issue....
Regular contact
with supplier
All managers
informed of
policy to have
monthly contact
with supplier
Number of
manager email
sent to
Number of
managers
agreed to policy
-
.... -
-
Risk2: Regular contact Inventory Sending -