BSBRSK501 Written report Instructions:

 The reduction of accidents, illness or incidents relating to worker or general public safety

•  The prevention of operations discontinuity and/ or reduction of associated costs
•  The need for new or innovative improvement/ changes in processes or procedures and the associated risks
•  Environmental impact issues- including resource use and management

Select an idea, improvement or opportunity that would be of benefit to your team or your organisation. This must be a concept that is suited to application and could be submitted, for approval, to senior management.

Describe and define your idea/ suggestion and give clear and succinct reasons for initiating and implementing the risk management plan.

You will need to address all of the following information in your report:

•  Outlining the current situation of the organisation
• -Strategies -Business practices -Work processes -Staff training
•  Risks associated with the current situation
• -Number of risks in different contexts (e.g. economical, technological)
•  Risk identification and assess process
• -Likelihood, consequences of risks along with rating of risks
• -The process of identification with clear discussion about the whole process including involvement of both human and technologies
•  Risk controlling methodologies
• -An overview of the exiting methodologies - Its strengths and weakness -Improvement opportunities
•  Action plan on improvements
• -New plans to manage risks -Communicating with relevant stakeholders -Documentation of action plans -Monitoring policy
•  Evaluating improvements
• -Reduction of impact or consequences of the risk -Introduction of any risk (if applicable)
•  Supporting documentation
• -Discussion on documents which are required for the whole process

The assessment need to be presented in a proper report format with a clear introduction of the report and with a proper conclusion.