BSBRSK501 Manage Risk Assessment

This document contains a comprehensive assessment for the BSBRSK501 Manage Risk unit. It includes three main assessment components: Project 1, focusing on a report detailing why OH&S is good business practice; Project 2, requiring the development of a detailed risk management plan for a chosen company or area; and Assessment 3, consisting of written questions and answers covering various aspects of risk management, legislation, and duty of care. Each project involves a significant word count (minimum 1500 words) and requires in-depth research and analysis. The written questions test understanding of key concepts, legal frameworks, and practical application of risk management principles. The assessment includes checklists for assessors to evaluate student work and ensure competency. The overall assessment aims to evaluate the student's ability to manage risks effectively across various organizational contexts.

BSBRSK501 Manage risk
ASSESSMENT SUMMARY / COVER SHEET
This form is to be completed by the assessor and used a final record of student competency. All student submissions including
any associated checklists (outlined below) are to be attached to this cover sheet before placing on the students file.
Student results are not to be entered onto the Student Database unless all relevant paperwork is completed and attached to
this form.
Student Name:
Student ID No:
Final Completion Date:
Unit Code:
Unit Title:
Please attach the following documentation to this form Result
Assessment 1 Project 1 S / NYS / DYS
Assessment 2 Project 2 S / NYS / DYS
Assessment 3 Written questions and answers S / NYS / DYS
Final Assessment Result for this unit C / NYC
Feedback is given to the student on each Assessment task Yes / No
Feedback is given to the student on final outcome of the unit Yes / No
Student Declaration: I declare that this work has been completed by me honestly and
with integrity and that I have been assessed in a fair and flexible manner. I understand
that the Institute’s Student Assessment, Reassessment and Repeating Units of
Competency Guidelines apply to these assessment tasks.
Name: ____________________________________________
Signature: _________________________________________
Date: ____/_____/_____
Assessor Declaration: I declare that I have conducted a fair,
valid, reliable and flexible assessment with this student, and I have
provided appropriate feedback.
Name: _________________________________
Signature: ______________________________
Date: ____/_____/_____
Administrative use only
Entered onto Student Management Database  ________________
Date Initials
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BSBRSK501 Manage risk
ASSESSMENTS 1 COVER SHEET
Details of Assessment
Term and Year Term 2 2016 Time allowed
Assessment No 1 Assessment Weighting
Assessment Type Project
Due Date Class Room / Home
Student Name:
Student ID No:
Date:
Qualification :
Unit Code:
Unit Title:
Assessor’s Name
Assessment Outcome
Results Satisfactory Not Satisfactory Marks
Student Feedback:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Student Declaration: I declare that this work has been
completed by me honestly and with integrity and that I have been
assessed in a fair and flexible manner. I understand that the
Institute’s Student Assessment, Reassessment and Repeating
Units of Competency Guidelines apply to these assessment
tasks.
Name:
____________________________________________
Signature:
_________________________________________
Date: ____/_____/_____
Assessor Declaration: I declare that I have
conducted a fair, valid, reliable and flexible
assessment with this student, and I have provided
appropriate feedback.
Name:
_________________________________
Signature:
______________________________
Date: ____/_____/_____
Student did not attend the feedback
session.
.
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BSBRSK501 Manage risk
Assessment/evidence gathering conditions
Each assessment component is recorded as either Satisfactory (S) or Not Satisfactory (NS). A student can only achieve
competence when all assessment components listed under Purpose of the assessment section are Satisfactory. Your trainer will
give you feedback after the completion of each assessment. A student who is assessed as NS (Not Satisfactory) is eligible for re-
assessment.
Resources required for this Assessment
 All documents must be created using Microsoft Office suites i.e., MS Word, Excel, PowerPoint
 Upon completion, submit the assessment printed copy to your trainer along with assessment coversheet.
 Refer the notes on eLearning to answer the tasks
 Any additional material will be provided by Trainer
Instructions for Students
Please read the following instructions carefully
 This assessment is to be completed according to the instructions given by your assessor.
 Students are allowed to take this assessment home.
 Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided
with feedback on your work within 2 weeks of the assessment due date.
 Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will
be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency.
 If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
 Please refer to the College re-assessment and re-enrolment policy for more information.
This form is to be completed by the assessor and used a final record of student competency. All student submissions
including any associated checklists (outlined below) are to be attached to this cover sheet before placing on the students
file. Student results are not to be entered onto the Student Database unless all relevant paperwork is completed and
attached to this form.
Administrative use only
Entered onto Student Management Database  ________________
Date Initials
BSBRSK501 Assessment
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BSBRSK501 Manage risk
Assessment 1
Submission details
Students Name
Student ID
Group
Assessor’s Name
Assessment Date/s
The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement
must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below for details.
Assessment description
This unit describes the performance outcomes, skills and knowledge required to manage risks in a
range of contexts across the organisation or for a specific business unit or area. The unit has been
designed to be consistent with AS/NZS 4360:2004 Risk management.
This unit addresses the management of the risk across the organisation or within a business unit or
area. It does not assume any given industry setting.
This unit applies to individuals who are working in positions of authority and approved to implement
change across the organisation, business unit, and program or project area. They may or may not have
responsibility for directly supervising others.
PROJECT 1
For this task, you are required to identify and research a business’s OH&S practices, then write a 1500
words report that states why OH&S is good business
Details: You may need to refer to current OH&S & workplace policies & procedures. You could make
good use of statistical information and graphical representations. Make reference to, and give examples
of, any specific areas in organisation where OHS practices and compliance need up-grading
Your suggested area of improvement could, for instance, relate to ongoing information dissemination,
training, inadequacies in existing risk control measures in accordance with the hierarchy of control, or to
improving the training format so they are less boring – etc.
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BSBRSK501 Manage risk
Do not even consider stating that your organisations OH&S & workplace practices are so good that they
do not need improvement. Everything can be improved!!
When addressing the statement that Occupational Health & Safety is good business, consider the
concepts of loyalty, caring, trust and honesty, relationship building, employee satisfaction, customer,
shareholder and stakeholder satisfaction.
Be sure to also discuss the application of relevant OH&S legislative frameworks relevant to your
business.
Candidate: I declare that the work in all parts of this assessment has
been completed by me honestly and with integrity and that I have been
assessed in a fair and flexible manner. I understand that the Institute’s
Student Assessment, Reassessment and Repeating Units of
Competency Guidelines apply to these assessment tasks.
Signature: ___________________
Date: ____/_____/_____
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BSBRSK501 Manage risk
ASSESSOR’S CHECKLIST FOR PROJECT 1 (for assessor’s use only)
Did the candidate:
Satisfactory
Yes No
Review organisational processes, procedures and requirements for undertaking
risk management in accordance with current risk management standards
Determine scope for risk management process
Identify internal and external stakeholders and their issues
Review political, economic, social, legal, technological and policy context
Review strengths and weaknesses of existing arrangements
Document critical success factors, goals or objectives for area included in scope
Obtain support for risk management activities
Communicate with relevant parties about the risk management process and invite
participation
Comments
Result: Satisfactory / Not Yet Satisfactory
Assessor: I declare that I have conducted a fair, valid, reliable and
flexible assessment with this student, and I have provided appropriate
feedback.
Signature: ____________________
Date: ____/_____/_____
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BSBRSK501 Manage risk
ASSESSMENT 2 COVER SHEET
Details of Assessment
Term and Year Term 2 2016 Time allowed
Assessment No 2 Assessment Weighting
Assessment Type Project
Due Date Class Room / Home
Student Name:
Student ID No:
Date:
Qualification :
Unit Code:
Unit Title:
Assessor’s Name
Assessment Outcome
Results Satisfactory Not Satisfactory Marks
Student Feedback:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Student Declaration: I declare that this work has been completed by
me honestly and with integrity and that I have been assessed in a fair
and flexible manner. I understand that the Institute’s Student
Assessment, Reassessment and Repeating Units of Competency
Guidelines apply to these assessment tasks.
Name:
____________________________________________
Signature:
_________________________________________
Date: ____/_____/_____
Assessor Declaration: I declare that I have
conducted a fair, valid, reliable and flexible
assessment with this student, and I have provided
appropriate feedback.
Name:
_________________________________
Signature:
______________________________
Date: ____/_____/_____
Student did not attend the feedback
session.
.
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BSBRSK501 Manage risk
Assessment/evidence gathering conditions
Each assessment component is recorded as either Satisfactory (S) or Not Satisfactory (NS). A student can only achieve
competence when all assessment components listed under Purpose of the assessment section are Satisfactory. Your trainer will
give you feedback after the completion of each assessment. A student who is assessed as NS (Not Satisfactory) is eligible for re-
assessment.
Resources required for this Assessment
 All documents must be created using Microsoft Office suites i.e., MS Word, Excel, PowerPoint
 Upon completion, submit the assessment printed copy to your trainer along with assessment coversheet.
 Refer the notes on eLearning to answer the tasks
 Any additional material will be provided by Trainer
Instructions for Students
Please read the following instructions carefully
 This assessment is to be completed according to the instructions given by your assessor.
 Students are allowed to take this assessment home.
 Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided
with feedback on your work within 2 weeks of the assessment due date.
 Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will
be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency.
 If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
 Please refer to the College re-assessment and re-enrolment policy for more information.
This form is to be completed by the assessor and used a final record of student competency. All student submissions
including any associated checklists (outlined below) are to be attached to this cover sheet before placing on the students
file. Student results are not to be entered onto the Student Database unless all relevant paperwork is completed and
attached to this form.
Administrative use only
Entered onto Student Management Database  ________________
Date Initials
BSBRSK501 Assessment
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BSBRSK501 Manage risk
PROJECT 2
Task: You are required to develop a risk management plan for a company of your choice, or for an area
of the Registered Training Organisation in which you are studying. Your risk management plan must
include:
- a detailed stakeholder analysis;
- explanation of the risk context;
- critical success factors;
- identified and analysed risks;
- treatments for prioritised risk;
- details of the monitoring arrangements; and
- an evaluation of the risk managements plan efficiency in treating risks which includes
Your evaluation of risks must include
- considering the likelihood of the risk occurring
- considering the impact of the risk
- determining which risks are most significant and are therefore priorities for treatment
Your action plans should include
- what actions are required
- who is taking responsibility
- time lines
- monitoring processes
Your risks may include those relating to:
- commercial relationships
- economic circumstances and scenarios
- human behaviour
- individual activities
- legislation
- management activities and controls
- natural events
- political circumstances
- technology
This project should be submitted in the form of a detailed written report of minimum 1500 words.
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BSBRSK501 Manage risk
ASSESSOR’S CHECKLIST FOR PROJECT 2 (for assessor’s use only)
Did the candidate:
Satisfactory
Yes No
Invite relevant parties to assist in the identification of risks
Research risks that may apply to scope
Use tools and techniques to generate a list of risks that apply to the scope, in
consultation with relevant parties
Assess likelihood of risks occurring
Assess impact or consequence if risks occur
Assess impact or consequence if risks occur
Obtain support for risk management activities
Evaluate and prioritise risks for treatment
Determine and select most appropriate options for treating risks
Develop an action plan for implementing risk treatment
Communicate risk management processes to relevant parties
Ensure all documentation is in order and appropriately stored
Implement and monitor action plan
Evaluate risk management process
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BSBRSK501 Manage risk
Comments
Result: Satisfactory / Not Yet Satisfactory
Assessor: I declare that I have conducted a fair, valid, reliable and
flexible assessment with this student, and I have provided appropriate
feedback.
Signature: ____________________
Date: ____/_____/_____
ASSESSMENT 3 COVER SHEET
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BSBRSK501 Manage risk
Details of Assessment
Term and Year Term 2 2016 Time allowed
Assessment No 3 Assessment Weighting
Assessment Type Written questions and answers
Due Date Class Room / Home
Student Name:
Student ID No:
Date:
Qualification :
Unit Code:
Unit Title:
Assessor’s Name
Assessment Outcome
Results Satisfactory Not Satisfactory Marks
Student Feedback:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Student Declaration: I declare that this work has been completed by
me honestly and with integrity and that I have been assessed in a fair
and flexible manner. I understand that the Institute’s Student
Assessment, Reassessment and Repeating Units of Competency
Guidelines apply to these assessment tasks.
Name:
____________________________________________
Signature:
_________________________________________
Date: ____/_____/_____
Assessor Declaration: I declare that I have
conducted a fair, valid, reliable and flexible
assessment with this student, and I have provided
appropriate feedback.
Name:
_________________________________
Signature:
______________________________
Date: ____/_____/_____
Student did not attend the feedback
session.
.
Assessment/evidence gathering conditions
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