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 |