BSBRSK501 Diploma: Risk Management Processes at Holden Ltd Report

This report assesses risk management practices at Holden Ltd, an Australian car manufacturer, within the context of the BSBRSK501 Diploma of Leadership and Management. It identifies organizational goals and relevant risk management regulations, such as the Environmental Protection and Biodiversity Conservation Act and the Sex Discrimination Act. The report outlines tools, techniques, processes, and systems used by Holden Ltd to identify and assess risks, emphasizing the importance of strong communication and monitoring. It details processes for monitoring, evaluating, and communicating specific risks, including the evaluation and implementation of risk mitigation plans. The report also suggests future steps for Holden Ltd to continue managing risks, such as establishing a dedicated risk management department and adopting data analytics for improved risk assessment. The conclusion emphasizes the necessity of risk management for managing business challenges and leveraging opportunities.