Explain the risk management process


Assignment:

Part A

Use your own workplace or CIBT to answer the following questions.

1) Define risk management. Explain how the seven steps of the risk management process as outlined in the international Standard for risk management (ISO 31000:2018) might apply in your own workplace or CIBT. (ISO 31000:2018 are available in Moodle for your analysis).

2) Describe how an organisation applies the following:

i. Duty of care

ii. Environmental law

iii. Privacy and confidentially

iv. Access and equity to risk management processes and resources for people with a disability

3) Why is it important to gain support for risk management activities? Explain how you might approach this in your organisation or CIBT.

4) Why is it important to communicate risk management processes? Prepare a template for a communications plan that could be used in your workplace or CIBT.

5) Why is It important to prioritise risks? Describe the steps you might follow when prioritising risks.

6) Use your workplace or CIBT to answer the following questions.

a) List four different categories of risk present In the organisation.

b) Outline the treatments for these risks.

c) Describe how the treatments may be improved.

d) Describe how you might approach implementing these improvements.

7) Imagine you are conducting a risk assessment for allowing a community choir to rehearse on Thursday evenings at a neighbourhood house.

a) Who might the participants be in this risk assessment?

b) How would you prioritise the participants? Give reasons for your decision.

Part B

Read the case study and answer the questions that follow.

Case study

Smart Styles Is a hairdressing salon. They are currently open from Tuesday to Saturday, with extended hours on Thursday nights. Weekdays are often quiet but Thursday nights and Saturday are always fully booked. The manager is considering offering Friday night or Sunday appointments but is concerned this will further reduce weekday bookings.

1) Define a scope for the risk management process.

2) Create a list of risks associated with extending the salon hours.

a) Describe the technique you used to identify these risks.

b) Explain how other staff members were included in the risk identification process and why.

c) Evaluate each of these risk, impact of the risk, the likehood, and the overall risk level.

d) Identify appropriate treatment options for each risk.

e) Describe your reasons for choosing these treatment options.

3) Write a report for the salon owner which includes:

a) a description of the risk management process

b) an implementation plan for the risk treatment options, including an assessment of resources required, proposed timelines, and monitoring methods

c) A Communication plan for the risk management process.

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Risk Management: Explain the risk management process
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