Question

Project 1

• Design, develop and document a risk management plan related to:

  • the reduction of accidents, illness or incidents relating to worker or general public safety
  • the prevention of operational discontinuity
  • the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)
  • environmental impact issues—including resource use and management

  You might choose another risk area relevant to the organisation for which you work. If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.

  Explain why and how you would initiate and implement the risk management plan and:

  1. Establish the context and scope of the plan.
  2. Identify the risk/s.
  3. Analyse the risks.
  4. Select, plan and document risk management treatments.
  5. Explain the implementation monitoring and evaluation processes.

  Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.

  Submit:

  • the plan
  • research results and tools used in the assessment process and in the plan design
  • any relevant support information, charts, graphs, statistics etc

  The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

  Alternative assessment

  If you are currently employed in this field, to assist with assessment, and if you can verify that these are entirely your own work, you might submit any of the following:

  • written reports on activities that you have undertaken and that are directly associated with risk management
  • a portfolio of evidence showing a range of risk management strategies that you were instrumental in developing and implementing
  • assessment of the outcomes relevant to risk treatments that you have managed or overseen
  • third party workplace reports of on-the-job performance—to show that you can establish the risk context, identify risks, analyse risks, and select and implement treatments
  • performance review results relevant to participation in and management of risks
  • notes, electronic data and hard copy information related to presentations you have made informing teams and individuals of risk management processes

  Your assessor will determine how well this documentation meets the assessment requirements and will ask you a series of verbal questions relating to relevant documentation and legislation.

  The assessor will document your responses.

Answer 1

Risk is something where people can potentially lose something, and having a plan which can help pretend that is called a risk management plan. In all areas where risk is there, it is essential to identify at the earliest and make a plan to reduce or stop the risk management plan. There are seven steps of the risk management plan, and they are

1. Identify the risk and create a risk register

2. Analyze and evaluate the risk

3. Identify the risk triggers

4. Brainstorm for generating the ideas

5. Create a plan

6. Execute the vision and monitor it

7. Review the risk and try to improve the process

1. Design, develop and document a risk management plan related to reducing accidents, illness, or incidents relating to the worker or general public safety.

Saving a life is the most important thing always in any workplace. All the management always takes care and maintains such a plan which will reduce the lifetime risk for any of the people working for it. There are few steps to be followed.

1. Communicate the health and safety policy to staff. Any organization that holds more than five staff should have a health and safety policy.

2. Consider all the potential hazards in the workplace and assess the risks involved. And then maintain a risk register that tells the potential dangers.

3. If any hazard is identified, deal with it on an urgent basis.

4. Always look for feedback from the staff because it is the people who are working and can identify it better.

5. Safety information should be displayed and described to all the staff.

6. Maintain the cleanliness and comfort in all the work area

7. Provide the First Aid supply and maintain it correctly to be used in case of any injury.

8. Fire safety standards should be maintained.

9. Always learn from the previous mistakes and document them, and then implement them in the right place right way.

10. Keep the safety procedure updated constantly.

1. Design, develop and document a risk management plan related to the prevention of operational discontinuity.

For handling the operational risk first, we need to

Build an operational risk framework: We need to build a framework where all the potential operational risks are mention. Then maintain a register that can be updated in due course of time.

Find out the risk elements which can potentially develop a risk. There might be many risk elements depending on the industry, and all of them should be listed.

Make a priority chart and mark the risks with higher priority to low priority.

Brainstorm about the high-priority risks first and then create a plan.

Execute the idea for taking the measure of the risk and then monitor it.

Move on to the next priority.

Need for new or innovative improvement/ changes in processes or procedures

It is always good to generate new creative ideas which can be implemented for taking action on any mentioned risk. We always involve more and more people to develop new ideas and use different methodologies like brainstorming, feedback session, researching, etc.

It is always said that Thinking outside the box does wonder. There are many benefits for making new ideas and involving more people, and they are listed below.

1. The cost of solving the problem can be reduced.

2. New risks can be identified.

3. Increases staff engagement and morale.

4. Increase the motivation of the people.

5. Can increase the productivity of the organization.

6. Updating the process can reduce the time taken to address the job.

7. The quality of the product can go up.