Write and submit a 2,500 word paper explaining what a business risk assessment is and why organisations should make risk management an integral part of the management function.
In the paper explain:
- Why each organisation should have policies, procedures and practices that support effective risk identification
- How and why policies and procedural documentation will align with the legislation (taking into consideration generic and industry relevant legislation)
- How the International Standard can assist with the development and application of risk management plans and strategies
- How business risks can be identified, assessed, analysed and categorised and by whom
- How and when risk audits should be conducted