BSBRSK501 Manage risk Marking Assignment Question

MARKING GUIDE

BSBRSK501 Manage risk

ASSESSMENT 1: WRITTEN QUESTIONS – RESULTS SHEET

Student’s name:

Upshant Shanil Naicker

Student ID:

GBC200466

Assessor’s name:

Naz

Date of assessment:

10/02/2021

Unit of competency:

BSBRSK501 Manage risk

Question

Response

Comment

Satisfactory

Not Satisfactory

 

1 (a)

Not Satisfactory

Wrong answer

 

1 (b)

Not Satisfactory

Copied fully 

 

1 (c)

Satisfactory

 

2 (a)

Not Satisfactory

Copied

 

2(b)

Not Satisfactory

Copied

 

2(c)

Not Satisfactory

Copied

 

2 (d)

Not Satisfactory

Copied

 

3

Satisfactory

 

4

Satisfactory

 

5

Satisfactory

 

6

Not Satisfactory

Copied

 

7 (a)

Satisfactory

 

7 (b)

Satisfactory

 

8

Satisfactory

 

9

Satisfactory

 

10

Satisfactory

 

11

Not Satisfactory

Not complete

 

12

Satisfactory

 

13 (a)

Not Satisfactory

Copied

 

Question

Response

Comment

Satisfactory

Not Satisfactory

 

13 (b)

Not Satisfactory

Copied

 

13 (c)

Not Satisfactory

Copied

 

14

Satisfactory

 

15

Not Satisfactory

Copied

 

Feedback to student

You cannot copy from the internet like this. You will have to write them in your own words to demonstrate your own understanding. Also – few answers are not correct 

Student’s overall performance is:

☐ Satisfactory

☒ Not Satisfactory 

Is re-assessment required?

☒ Yes

☐ No

Assessor’s signature:

 

Date:

15/02/2021

Student’s signature:

 

Date:

15/02/2021

 ASSESSMENT 2: PROJECT MARKING GUIDE 

Student’s name:

Upshant Shanil Naicker

Student ID:

GBC200466

Assessor’s name:

Naz

Date of assessment:

10/02/2021

Date of observation:

NOT DONE

Location:

GBC campus / Online via Zoom

Unit of competency:

BSBRSK501 Manage risk

Did the student satisfactorily:

Yes

No

Comments

Stage One: Establishing the context 

Conduct research into the project area to identify factors that could have an impact upon the success or otherwise of the project, including:

 review the political, economic, social, legal, technological and policy context

 review strengths and weaknesses of existing arrangements?

   

Produce a report which clearly includes:

 name of the organisation

 a description of the type of activities it conducts or will conduct

 the organisation’s objectives/goals (in a few sentences or bullet points)  identification of relevant:

•       political factors

•       economic factors

•       social factors

•       technological factors

 Evaluation of the strengths and weaknesses of any existing arrangements?

   

Identify the scope of risk management required in the project, including as relevant to the business goals:

 technological innovation

 new products or services

 opening new markets e.g. competitors, target market demand

 organisational structure

   

Did the student satisfactorily:

Yes

No

Comments

financial such as availability of financial resources, income and cash flow

   

legal and regulatory risks

   

practical challenges 

   

Business risks such as competitors, market demand?

   

Ensure that the risk areas identified for the scope are in accordance with research conducted?

   

Identify and describe the critical success factors, goals or objectives for each of the areas included in the risk scope?

   

Identify internal and external stakeholders, using provided template including:

 their role in the process

 any issues or concerns they have?

   

Complete a PEST analysis for risks associated with the project?

   

Complete a SWOT analysis for risks associated with the project?

   

Review and summarise:

 the research information found

 any literature available that is relevant to this scenario

 outcomes of PEST and SWOT analyses?

   

Complete the analysis of risk that applies to the scope and the scenario, including:

 summarising the scenario 

 listing associated risks, accompanied by checklists, diagrams or flowcharts that support the summary?

   

Stage Two: Analysing the risks

Use an appropriate method to identify risks, and consequences e.g. brainstorming?

   

Participate in interactions with stakeholders (business partners) to analyse the risks and consequences, and controls, including:

 inviting participation

 using questioning and listening to elicit opinions, and to confirm and clarify understanding?

   

Assess the likelihood – for each risk, assess the likelihood of the risk occurring?

   

Did the student satisfactorily:

Yes

No

Comments

For each risk, assess the consequence of the risk occurring?

   

Use a risk calculation table and prioritise the risks?

   

For each prioritised risk, outline at least two suitable options for treating the risk?

   

Develop a risk management plan using a standard risk management table (provided) that includes:

 Risk

   

Rating

   

Controls

   

Timelines

   

Monitoring process?

   

Stage Three: Identifying measures to treat the risks

Develop an action plan for implementing risk treatment, including:

 List of stakeholders who need to know about risk management process e.g.

suppliers, bank managers?

 how risk management processes will be communicated to relevant parties?

   

Ensure approp be easi

 all documentation is in order and will be riately filed and stored so it is secure and can ly accessed, including:

procedures for risk identification; risk rating; risk controls; risk monitoring and reporting and personnel responsible and methods used to communicate – e.g. intranet, email, meeting etc.

   

classified and unclassified information and organisation’s relevant policies and procedures as relevant

   

reference to safety in emergency situations?

   

Develop a strategy for implementing and monitoring the action plan that includes:

 how the Critical Success Factors will be monitored

  the evaluation mechanisms and processes   who will be responsible and timeframes?

   

Present the risk assessment documents and Action Plan to stakeholder (trainer/assessor in role of Bank Manager for approval, in presentation of 5 – 8 minutes in which he or she:

 spoke clearly and professionally

 summarised processes used

   

Did the student satisfactorily:

Yes

No

Comments

 complied with established protocols for speaking in a business context?

   

Stage Four: Implementing and monitoring the risk treatment plan

Write a final report of approximately three – four pages, examining the ongoing implementation of the risk management action plan. Include the following:

   

risk context researched (from Stage One)

   

a summary of the initial risks and the plan implemented to manage it?

   

a summary of all actions taken to date in attempting to manage identified risks?

   

a statement identifying continued and/or reduced risks, based on the information provided (in the scenario above)?

   

a statement about the risks not identified and the planned actions for mitigating them or avoiding them?

   

proposal for amendments to the risk management plan?

   

an analysis of the effectiveness of the risk management plan, by comparing the implementation with the outcomes (identified in the scenario above)?

   

Submit the report ensuring it includes:

 appropriate sections, headings

 tables, charts, diagrams or flowcharts as appropriate

 required information?

   

Provide documents of the work undertaken and assemble and store as a neat portfolio of all documents produced as part of the risk management process to assist in future strategies?

   

Did the student satisfactorily:

Yes

No

Comments

Feedback to student:

Too much copied work. Some of it are irrelevant like literature review etc. Who told you to do Literature review?

Unnecessary stuffs included – please listen to the recoding link of my lecture, understand that and then attempt the assessment – only if you know what you are expected to do to be Competent   

Student’s overall performance is:

☐ Satisfactory

☒ Not Satisfactory 

Is re-assessment required?

☒ Yes

☐ No

Assessor’s signature:

 

Date:

15/02/2021

Student’s signature:

 

Date:

15/02/2021

FINAL ASSESSMENT RESULTS SUMMARY

Student’s name:

Upshant Shanil Naicker

Student ID:

GBC200466

Assessor’s name:

Naz

Unit of competency:

BSBRSK501 Manage risk

Assessments/Evidence

Student Result

1.  Written Questions

☐ Satisfactory

☒ Not Satisfactory

☐ Not Completed

2.  Project:

 Stage One

 Stage Two

 Stage Three

 Stage Four

☐ Satisfactory

☐ Satisfactory

☐ Satisfactory

☐ Satisfactory

☒ Not Satisfactory

☒ Not Satisfactory

☒ Not Satisfactory

☒ Not Satisfactory

☐ Not Completed

☐ Not Completed

☐ Not Completed

☐ Not Completed

Feedback to student:

Refer to the comments above 

At this stage – your work is not satisfactory to be Competent  

Result:

☐ Competent

☒ Not Competent

Is re-assessment required?

☒ Yes

☐ No

Assessor’s signature:

 

Date:

15/02/2021

Student’s signature:

 

Date:

15/02/2021


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