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BSBRSK501-Manage Risk Help

Due Submission Date: 16^th September 2016

Assessment Resource Summary
Unit Details	BSBRSK501 – Manage Risk
Assessment Type	This is a summative assessment, which requires each student to have adequate practice prior to undertaking this assessment
Assessment Methods	Projects	Assessment 1 (Develop risk management plan) Assessment 2 (Implement risk management plan)
	Written Assessment or Project	Assessment 3 (Written Assessment / Project)

Last Modification Date			October 2014
Proposed Review Date			October 2015

Unit Summary

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 are 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.

Prerequisite Units

There are no recommended pre-requisite units for this competency.

Co-requisite Units

There are no recommended co-requisite units for this competency.

Important notice to students:

Students must submit assessments by due dates; otherwise, they will incur a fine of $50.00.per Unit (if submitted within one week after the due date) followed by $100.00 per Unit (if submitted within two weeks after the due date) and $150.00 per Unit (if submitted within one month after the due date). If you don’t submit assessments even by one month, or do not pay fines, HIBT may report to DIBP as against non-completion of assessments and non-payment of fees and fines, and it may affect your student visa.

Plagiarism is not accepted in Australian education system and at HIBT. You should not practice any plagiarism in your assessments or any other works. If you are found to practice plagiarism, or your assessment has been found to be plagiarised, you will be fined $250 (for first time) followed by $500 (for second time) and $1000 (for third time). If you are still found to be plagiarised after the third time, HIBT will report to DIBP as against plagiarism and it may affect your student visa.
How to Conduct these Assessments

It is important that prior to conducting this assessment, the assessor undertakes the following:

Prior to conducting the assessment

Read the assessment task as detailed throughout this document
Contextualise the task (and checklist) to ensure it reflects the students working environment. (Be sure to check with the mapping document to ensure any contextualisation still covers the unit requirements)
Read the assessor instructions and checklist prior to commencing the assessment
Ensure the workplace (or simulated environment) is suitable for the parameters of the task, to ensure the students will have an appropriate opportunity to demonstrates their skills
Make suitable modifications to the workplace if required to allow all tasks to be observed
If undertaken on the job – discuss the assessment with the workplace supervisor, to so they are aware of what will happen throughout the process
Ensure the student is allocated the appropriate time and resources for the task
If undertaken on the job – Determine and agree with the supervisor an acceptable time frame for each assessment.
Advise the student prior to conducting the assessment of:
- what will occur throughout the assessment process
- when the assessment will occur
- the level of competency expected
- NB: You should not tell the student how to undertake the task, as it would lead the student and render the assessment process invalid. The student should have been taught “How” to perform each task during the training stage, and is expected to know this prior to commencing the assessment
- DO NOT give the student a copy of the checklist prior to the assessment

Conducting the assessment

Establish and oversee the evidence gathering process to ensure remains valid, reliable, fair and flexible
Advise the student when to commence the assessment
Observe the student undertake the tasks as outlined
Record your observations in the assessor checklist
Where a checklist point is not observed due to an inappropriate environment, or for a reason outside the students control, modify the scenario to allow the student an opportunity to perform the associated task
Where a checklist point is not appropriate, write “N/A” in the space provided
Gather supporting documentation where available and appropriate (as evidence)
Incorporate allowable adjustments to the assessment procedure without compromising the integrity of the assessment
Do not interfere with the assessment unless the students actions impose a risk to themselves or anyone else
If a student performs an action incorrectly, mark it as such. Record what you see, not what you want to see.
Once the assessment is complete, advise the student that the assessment has ceased, and record your comments in the sections provided

Making the decision

The student needs to be deemed satisfactory in the full unit to gain competency.
If you are in doubt, gather further evidence to help guide your decision.
Assess the students on what you see during the assessment period, not on actions before or after the assessment.
Use both the checklist and your professional competency to determine the final outcome for the student.
If you are marking the student NYC, ensure you outline why you have made this decision, and provide advice on how the student can improve their skills / knowledge prior to reassessment.

After the assessment

Provide constructive feedback to the student on their performance during the assessment period. Do not make any comments on actions undertaken prior or after the assessment period.
Provide the student with:
- Clear and constructive feedback based on the assessment decision
- Information on ways of overcoming any identified gaps in competency revealed by the assessment the opportunity to discuss the assessment process and outcome information on reassessment and the appeals processes.
- An opportunity for reassessment if appropriate or requested by the candidate
- Information on appeal process as applicable to your organisation
Where the students performance is deemed satisfactory, provide the student with a copy of the completed checklist, ensuring the comments section is completed.
Where the students performance is deemed not-satisfactory – provide a copy of the comments / feedback, but not the checklist. This is to ensure the assessment remains valid on re-assessment.
Record and report the assessment outcome as per your RTO’s procedures

ASSESSMENT SUMMARY / COVER SHEET

This form is to be completed by the assessor and used as 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:	BSBRSK501
Unit Title:	Manage Risk

Please attach the following student evidence to this form		Result S = Satisfactory NS = Not Satisfactory NA = Not Assessed
Assessment 1	q Risk management plan attached q Checklist attached	S \| NS \| NA
Assessment 2	q Completed Risk Assessment undertaken q Risk management forms plan attached q Checklist attached	S \| NS \| NA
Assessment 3	q Written Assessment / Project attached	S \| NS \| NA
Final Assessment Result for this unit		C / NYC

Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.

The work submitted is my own, and has not been copied or plagiarised from any person or source.

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

q ________________

Date

Initials

ASSESSMENT 1 – STUDENT INFORMATION

This information is to be handed to each student to outline the assessment requirements.

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
all required forms for implementation within a workplace (to be developed by you)

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

This project is due for submission on:

ASSESSMENT 1 – ASSESSOR INSTRUCTIONS

These instructions must be followed when assessing the student in this unit. The checklist on the following page is to be completed for each student. Please refer to separate mapping document for specific details relating to alignment of this task to the unit requirements.

Students have been given the following brief:

“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
all required forms for implementation within a workplace (to be developed by you)

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	– time lines
– who is taking responsibility	– monitoring processes

Your risks may include those relating to:

– commercial relationships	– human behaviour
– economic circumstances and scenarios	– 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”

Specific Assessor Notes:

Set a date for this assessment and advise students of the topic.
Hand out and explain the Student Information Form and allow opportunities for the student ask questions
Assess the candidates’ submissions / observations using the following checklist

This assessment may be undertaken in the following formats:

On the job. These assessments must:
- using a registered and operating workplace
- ensure access to customers relevant to the work role and unit requirements
- ensure access to staff members / colleagues
- ensure candidate is working in a suitable role to the unit (i.e. – candidates undertaking units requiring staff supervision must have staff to supervise, and authority to do so)
- ensure access to relevant, working and current tools and equipment as appropriate to the unit requirement
- Relate the task to their current employer, to improve current risk management practices

Classroom / Simulated environment. These assessments must
- As outlined in the TAA04 Training Package Glossary, “”Simulation is a form of evidence gathering that involves the candidate in completing or dealing with a task, activity or problem in an off-the-job situation that replicates the workplace context. Simulations vary from recreating realistic workplace situations such as in the use of flight simulators, through the creation of role plays based on workplace scenarios to the reconstruction of a business situation on a spreadsheet. In developing simulations, the emphasis is not so much on reproducing the external circumstance but on creating situations in which candidates are able to demonstrate:
  - technical skills
  - underpinning knowledge
  - generic skills such as decision making and problem solving
  - workplace practices such as effective communication.”

If role plays are required, the assessor must ensure all ‘actors’ or ‘participants’ perform in a professional manner – reflecting an actual workplace. Participants are to be informed of their expected involvement.

If a simulated workplace is used, it must allow for distractions such as background noises, ringing telephones, interruptions – etc.

Each student must dress appropriately and professionally in line with workplace standards\

Relate the project to the students current or preferred vocational direction

Where no business is available, relate the project to the RTO (as a business), and use the assessor as the students supervisor

For each assessment, you are not to interfere. In the event that the assessment is activities will impact on the safety of a student or bystander, the assessment must be stopped immediately

ASSESSMENT 1 – ASSESSOR CHECKLIST

This checklist is to be used when assessing the students in this task. This checklist is to be completed for each student. Please refer to separate mapping document for specific details relating to alignment of this task to the unit requirements.

Please complete below

Student Name:
Student ID No:
Date:

In undertaking this project, did the student	Satisfactory	Comments
Undertake a stakeholder analysis	r Yes r No
Review the organizational requirements relating to risk management	r Yes r No
Identify the risks including
organisational context in terms of financial risks	r Yes r No
organisational context in terms of legal affect	r Yes r No
organisational context in terms of political affect	r Yes r No
organisational context in terms of social affect	r Yes r No
organisational context in terms of technology	r Yes r No
organisational context in terms of policy context	r Yes r No
potential risk events	r Yes r No
Evaluate the risks including
likelihood of the event (almost certain, likely, moderate, unlikely, rare, etc)	r Yes r No
consequences / impact of the event (trivial, minor, moderate, substantial, intolerable, etc)	r Yes r No
Use of a risk register	r Yes r No
Identify the risks strategies including:
Risk avoidance	r Yes r No
Risk control	r Yes r No
Risk financing	r Yes r No
Risk transfer	r Yes r No
Allocate responsibility	r Yes r No
Determine the critical success factors	r Yes r No
Identify appropriate risk treatment	r Yes r No
Outline the details for monitoring the risk	r Yes r No
Provide an evaluation of their risk management plan	r Yes r No
Develop action plans for identified risks including:
what actions are required	r Yes r No
who is taking responsibility	r Yes r No
time lines	r Yes r No
monitoring processes	r Yes r No
Develop forms that identify:
Risk Category	r Yes r No
Impact of Risk	r Yes r No
Risk severity	r Yes r No
Risk Frequency	r Yes r No
Risk Rating	r Yes r No
Risk Control	r Yes r No
Responsible Person	r Yes r No
Date for review	r Yes r No
Develop an implementation process for this plan	r Yes r No
Communicate the plans clearly and concisely	r Yes r No
Present plan in a logical and concise format	r Yes r No
Risk plan is efficient in its dealing with potential risks	r Yes r No
Stake holder analysis attached	r Yes r No
Risk plan written clearly and logically	r Yes r No
Risk aligns with AS/NZ 4360	r Yes r No
Risk plan attached	r Yes r No

Comments

Result: Satisfactory | Not Satisfactory | Not Assessed

Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I also am aware of my appeal rights.

Name: ________________________

Signature: ________________________

Date: ____/_____/_____

Assessor: 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: ____/_____/_____

ASSESSMENT 2 – STUDENT INFORMATION

This information is to be handed to each student to outline the assessment requirements.

Using the risk management process developed in Assessment 1, you are to perform a Risk Assessment on a vocational area of your choice. This may be a department within the college, a business structure you are aware of, or any other vocational area.

You should use the forms developed in Assessment 1 for this task, and submit them to your assessor as part of your review

As part of this task, you are to record:

who was involved in the assessment
the processes you undertook
any issues you came across and how your dealt with them
your findings from the risk assessment

This project is due for submission on:

ASSESSMENT 2 – ASSESSOR INFORMATION

Using the risk management process developed in Assessment 1, each student is to perform a Risk Assessment on a vocational area of their choice. This may be a department within the college, a business structure they are aware of, or any other vocational area.

The student is to use the forms developed in Assessment 1 for this task, and submit them to you (the assessor) at the conclusion of their review

As part of this task, each student is to record:

who was involved in the assessment
the processes they undertook
any issues they came across and how they dealt with them
the findings from the risk assessment

A sample Risk Management Plan that includes Risk Assessment Tools is provided with this unit, and should be used as a benchmark for student expectations. It should not be given to the students, as it is an assessors’ resource. (Students should be given examples of risk management plans as part of their training.)

In the event that the student does not demonstrate competency in the previous task, the assessor is to make any amendments required to enable the submission to be used in this task.

The assessor should also include at least 2 risk issues for the student to identify and develop appropriate contingencies for. This should be on top of any risks identified within the original assessment.

Specific Assessor Notes:

Set a date for this assessment and advise students of the topic.
Hand out and explain the Student Information Form and allow opportunities for the student ask questions
Assess the candidates’ submissions / observations using the following checklist

This assessment may be undertaken in the following formats:

On the job. These assessments must:
- using a registered and operating workplace
- ensure access to customers relevant to the work role and unit requirements
- ensure access to staff members / colleagues
- ensure candidate is working in a suitable role to the unit (i.e. – candidates undertaking units requiring staff supervision must have staff to supervise, and authority to do so)
- ensure access to relevant, working and current tools and equipment as appropriate to the unit requirement
- Relate the task to their current employer, to improve current risk management practices (following from Assessment 1)

Classroom / Simulated environment. These assessments must
- As outlined in the TAA04 Training Package Glossary, “”Simulation is a form of evidence gathering that involves the candidate in completing or dealing with a task, activity or problem in an off-the-job situation that replicates the workplace context. Simulations vary from recreating realistic workplace situations such as in the use of flight simulators, through the creation of role plays based on workplace scenarios to the reconstruction of a business situation on a spreadsheet. In developing simulations, the emphasis is not so much on reproducing the external circumstance but on creating situations in which candidates are able to demonstrate:
  - technical skills
  - underpinning knowledge
  - generic skills such as decision making and problem solving
  - workplace practices such as effective communication.”

If role plays are required, the assessor must ensure all ‘actors’ or ‘participants’ perform in a professional manner – reflecting an actual workplace. Participants are to be informed of their expected involvement.

If a simulated workplace is used, it must allow for distractions such as background noises, ringing telephones, interruptions – etc.

Each student must dress appropriately and professionally in line with workplace standards\

Relate the project to the students current or preferred vocational direction

Where no business is available, relate the project to the RTO (as a business), and use the assessor as the students supervisor

For each assessment, you are not to interfere. In the event that the assessment is activities will impact on the safety of a student or bystander, the assessment must be stopped immediately

ASSESSMENT 2 – ASSESSOR CHECKLIST

Please complete below

Student Name:
Student ID No:
Date:

In undertaking this project, did the student	Satisfactory	Comments
Identify and customise the forms and appropriate as appropriate	r Yes r No
Include all risks (and not exclude risks deemed minor)	r Yes r No
Include who might be harmed (groups – not individual names)	r Yes r No
Consider the possible causes and impacts of each individual risk	r Yes r No
Identify and record the risk appropriately	r Yes r No
Analyse the identified risk by
· Assessing likelihood of risks occurring	r Yes r No
· Assessing impact or consequence if risks occur	r Yes r No
· Calculate the risk	r Yes r No
· Evaluate and prioritise risks for treatment	r Yes r No
Determine an appropriate risk treatment such as
· Eliminating the risk by ceasing the hazardous component or activity	r Yes r No
· Substitute a less harmful alternative hazardous substance or process	r Yes r No
· Isolate the hazard at source using engineering means (e.g. – enclosure)	r Yes r No
· Mitigate or reduce exposure to the hazard (e.g. – reducing time or dose of exposure)	r Yes r No
· Use PPE where required	r Yes r No
Select appropriate and cost effective risk controls	r Yes r No
Outline the details for monitoring the risk	r Yes r No
Record all elements accurately and clearly	r Yes r No
Student communicated with others during this process to help in identifying risks	r Yes r No
Record all elements accurately and clearly	r Yes r No
Critical Aspect of evidence demonstrated: Details of monitoring arrangements for risk management plan and an evaluation of the risk management plan’s efficacy in treating risks	r Yes r No
Completed Risk Assessment Attached	r Yes r No

Comments

Result: Satisfactory | Not Satisfactory | Not Assessed

Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I also am aware of my appeal rights.

Name: ________________________

Signature: ________________________

Date: ____/_____/_____

Assessor: 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: ____/_____/_____

ASSESSMENT 3 – ASSESSOR INSTRUCTIONS

WRITTEN ASSESSMENT / PROJECT

This assessment may be undertaken in one of the following formats

Written assessment

1. Set a date for this written assessment.

2. Advise students of the topic and how the assessment will be marked.

3. Set up room with a gap between each student (staggered formation recommended)

4. Set ground rules including no phones, talking, books, etc.

5. Pass a copy of the assessment to each student (Ensure the answers have been deleted from the students copy)

6. Allow time for reading and questions before commencing assessment.

7. Once assessment has commenced, no communication between students is allowed.

8. If students repeatedly talk, or are caught cheating, they are to be removed from the classroom, and reported to student administration. Mark the assessment tasks as “incomplete”

9. Remember – assessments are a participatory process, so you can help re-word questions, but be careful NOT TO LEAD. We are assessing the students, not you!

10. Once completed, mark the assessment accordingly. Refer to the sample answers as direction on expected student responses

11. In the event that a question is not answered correctly, discuss the response with the candidate to determine if the student did not know the answer, or did not understand the question.

12. In order to achieve competency, all questions that are mapped in the associated mapping document MUST be answered correctly.

13. Answers provided reflect the minimum content to be provided by the student

Project

Set a date for this written assessment.
Advise students of the topic and how the assessment will be marked.
Provide the blank project to the student
Provide student the opportunity to ask questions prior to starting the assessment.

5. In the event that a question is not answered correctly, discuss the response with the candidate to determine if the student did not know the answer, or did not understand the question.

6. Remember – assessments are a participatory process, so you can help re-word questions, but be careful NOT TO LEAD. We are assessing the students, not you!

7. Once completed, mark the assessment accordingly. Refer to the sample answers as direction on expected student responses

8. In order to achieve competency, all questions that are mapped in the associated mapping document MUST be answered correctly.

ASSESSMENT 3 – WRITTEN ASSESSMENT / PROJECT

Student Name:

Student ID No:

Date:

Please refer to the instructions below regarding completing this assessment

Written Assessment

Project

This is a closed book written assessment. In the time allocated, you are to answer all of the following questions. Make sure you:

· Print Clearly

· Answer all questions

· Use a pen. Assessments written in pencil will not be accepted.

· Ask your assessor if you do not understand a question. Whist your assessor cannot tell you the answer, he/she may be able to re-word the question for you

· Do not talk to your classmates. If you are caught talking, you will be asked to leave and your assessment will not be marked.

· Do not cheat or plagiarise the work of others. Anyone caught cheating will automatically be marked Not Yet Competent for this unit. There are NO EXCEPTIONS to this rule.

You are to research and answer all of the following questions. Be sure to:

· Print Clearly

· Answer all questions

· Use a pen. Assessments written in pencil will not be accepted.

· Ask your assessor if you do not understand a question. Whist your assessor cannot tell you the answer, he/she may be able to re-word the question for you

· Return your assessment by the date set by your assessor

· Do not cheat or plagiarise the work of others. Anyone caught cheating will automatically be marked Not Yet Competent for this unit. There are NO EXCEPTIONS to this rule.

Questions
1		Define the term RISK:

2		Define the term RISK MANAGEMENT:

3		Define the term LEGISLATION and how it effects your role as a manager:

4		Define the term CODE OF PRACTICE and how it effects your role as a manager:

5		Define the following term and how it effects your role as a manager: ADVISORY STANDARDS

6		What are the 10 principles of risk management (the 10 P’s)?

7		Outline 3 different ways you can alert people to potential hazards and risks in the workplace.

8		When determining the level of risk within an organisation, where would you gather your information from?

9		Outline a strategy that you could implement to interest people / employees in OH&S legislation. Be sure to detail how you would maintain the currency of information provided

10		Outline a strategy that could be used to ensure participatory arrangements are established and maintained with employees and their representatives within a small business. Be sure to include how you would document this process and make the information available to all employees to ensure you meet legislative requirements.

11		Outline the process you would use to ensure that any issues raised through participative arrangements and consultations are dealt with and resolved promptly and effectively?

12		You are to detail how you would identify an intervention point for expert hazard and risk advice. Be sure to provide examples of when you would seek expert advice, and who you would contact to receive such advice.

13		Outline the Hierarchy of Control, explaining how it effects your suggested control measures.

14	Describe AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines

15	Describe the main components of the following legislation / codes of practice
Duty of Care
Company Law
Contract Law
Environmental Law
Freedom of Information
Industrial relations law
Disability Legislation
16	List 3 different relevant risk insurances available

17	What information should you include in your risk management action plan?

18	Describe the steps you would take when implementing a risk management action plan.

19	Describe the steps you would take when monitoring your risk management action plan.

18	Describe the steps you would take when evaluating your risk management action plan.

Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source.

Name: ________________________

Signature: ________________________

Date: ____/_____/_____

ASSESSOR USE ONLY

Comments

Assessment Method: WRITTEN / PROJECT

Result

(Please Circle)

Satisfactory

Not Satisfactory

Incomplete

Assessor: 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: ____/_____/____

Tags: BSBRSK501-Manage Risk Help

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