Risk Management Assessment Analysis

Risk Management Assessment
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Student details
Course name
Assessment name Risk Management Assessment
Surname Given name
Address Postcode
Email
Phone Phone (other)
Current occupation
Industry Years in industry
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Checklist of attachments:
☐ Task 1 – Written activities
☐ Task 2 – Project
☐ Task 3 – Case study 1
☐ Task 4 – Report
☐ Task 5 – Case Study 2
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Assessment V3.0 © AAMC Training Group A1

Risk Management Assessment
RISK MANAGEMENT ASSESSMENT
CREDIT TRANSFER
You may be able to claim credit transfer for a unit/s of competency that you have previously
completed with AAMC Training or another RTO. If you have been awarded a record of result
or statement of attainment for any of the units detailed below, then please go to the Credit
Transfer tab in your Learning Centre and follow the prompts.
This assessment relates to the following units of competency:
 BSBRSK401 Identify risk and apply risk management processes
 FNSRSK502 Assess risk
Please refer to AAMC Training’s full Recognition Policy for further details.
IMPORTANT INSTRUCTIONS
 Your answers to each of the tasks are to be typed into this document or supplied
electronically and uploaded.
 No assessment word count has been specified, although you are expected to provide
good quality answers to each of the questions.
 Although some general discussion between students covering the assessment is allowed,
your responses to each of the questions must be an individual effort.
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the learning guide or instructions on how to complete it. When this extra information is
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assessment responses.
Task 1 – Written activities
1. Name the two categories of risk.
1 Pure risks
2 Speculative risks
2. Pure chance or speculative risk—which one can usually be mitigated by transferring the
risk to another party i.e., the insurance company?Pure risks
3. What are the four steps in the risk management process?
1. Identify
2. Assess
3. Control
4. review
A
2 © AAMC Training Group Assessment V3.0

Risk Management Assessment
4. In assessing credit risk from a single borrower, a lender must consider what three issues?
1. Conditions
2. Capacity
3. capital
5. The seven Cs analysis framework is the most common of all expert systems. It involves
examining the borrower using the seven fundamental principles in lending; list them.
1. Character
2. Capacity
3. Capital
4. Collateral
5. Conditions
6. Confidence
7. Cultural risk
6. What are the more common types of security?
Disgruntled employees
Other Common type of security re:
 Physical security for IT
 Insider threat
 Information system vulnerability
 Facility physical vulnerability
 Workplace violence threat etc.
7. What does the PARSER analysis method consider?
PARSER considers both sides of the risk-reward relationship and not just the
creditworthiness of the borrower.
Assessment V3.0 © AAMC Training Group A3