...MANAGE RISK 1. What is the purpose of the standard known as AS/NZS 4360: 2004 Risk? This Standard provides a generic guide for managing risk. This Standard may be applied to a very wide range of activities, decisions or operations of any public, private or community enterprise, group or individual. While the Standard has very broad applicability, risk management processes are commonly applied by organizations or groups and so, for convenience, the term ‘organization’ has been used throughout this Standard. This Standard specifies the elements of the risk management process, but it is not the purpose of this Standard to enforce uniformity of risk management systems. It is generic and independent of any specific industry or economic sector. The design and implementation of the risk management system will be influenced by the varying needs of an organization, its particular objectives, its products and services, and the processes and specific practices employed. This Standard should be applied at all stages in the life of an activity, function, project, product or asset. The maximum benefit is usually obtained by applying the risk management process from the beginning. Often a number of discrete studies are carried out at different times, and from strategic and operational perspectives. 2. Duty of care: is a legal obligation which is imposed on an individual requiring that they adhere to a standard of reasonable care while performing any acts that could foreseeably...
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...ASSESSMENT BSBRSK501B MANAGE RISK Assessment tool 1 Assessment activity 1: Review organisational processes, procedures and requirements for undertaking risk management 1. Create your own definitions for the following terms: a) Risk: A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action. b) Risk management: The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. c) Risk appetite: The amount a business is willing to place at risk in the pursuit of its objectives d) Risk capacity: The amount a business is capable of loosing before it endangers its own sustainability 2. Comment on the following saying in relation to the risk management policies and practices of an organisation: “ Organisations that fail to plan, plan to fail” If an organization does not have a risk plan is likely that any risk occurring with negative consequences occur organization. If the organization has a risk prevention plan is very likely that the risk does not occur and the organization and its workers could produce know how to deal with the negative consequences of that risk to minimize that consequences. Assessment activity 2: Determine scope for risk management process Case study Advantages: It will be holistic. Disadvantages: It will require extensive resources to conduct it properly...
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...``Risk analysis Submission details Candidate’s name Thilakshi Perera Phone no. Assessor’s name Tardeesh Kaur Phone no. Assessment site Assessment date/s Time/s The Assessment Task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Submit this document with any required evidence attached. See specifications below for details. Performance objective In this assessment you are to analyse the risks identified in the case study, to assess likelihood and consequence of risks, evaluate and priorities risks, and determine options for treatment. You are also required to develop an action plan for treatment of risks, and communicate it to relevant parties. Assessment description Using the information gathered in Assessment Task 1 and the case study provided, examine the likelihood and consequences of identified risks, prioritise the risks and determine options for treatment of each risk. Using this information you are required to develop an action plan for implementing risk treatment, document the plan as required, and communicate the risk management plan to relevant parties. Procedure 1. Using the case study information provided in this assessment and in Assessment Task 1, develop a report for your manager (assessor) with the headings as described below: a. Likelihood – For each risk, assess the likelihood of the risk occurring. b. Consequence – For each risk, assess the consequence of the risk...
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...systematic risk management in an organization. An organization should develop a risk man agement policy, plan and support arrangements. This will enable risk management to be implemented effectively throughout the organization. The plan should address strategies for embedding risk management in the organization’s systems, processes and practices. While the detailed approach described here is designed for larger organizations, all the aspects are relevant to some degree to smaller entities. The same principles apply in the public, not-for-profit and private sectors. Why is it necessary to have a working knowledge of the legislation involved in business? If you are thinking of opening up a business you will need to have a good working knowledge of the legislation involved with your business. This is important because it will ensure that you are abiding and complying with the law rather than breaking it and facing possibly harsh consequences. Duty of carer The legal concept of duty of care presume that individual and organization have legal obligation To act toward othe and public in a prudent and cautious manners to avoid the risk of reasonably injuiries to other What is the risk managememt ? why must risk management procedures be followed ? Answer: Risk management is the process of figuring out the risks in a certain situation, and hence reducing the possibility of its occurrence. In some cases, the amount of risk that is acceptable...
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...related to the firm value. Therefore reputation risk management becomes extremely important for every corporation, if you don’t do it well, it may damage your firm value. What is reputation risk? Many researches show that reputation is the perception from stakeholders that has positive relationship to the firm value. Reputation risk is the risk that some incidents cause negative impact and damaging the firms’ brand value. It can due to the problems of the company products, rumors spread out, or publicized problem. This loss of the companies can be immediately financial loss, losing further business, decreasing of client base or losing goodwill. What is special about reputation risk is it interrelated to other risks and if it is not properly managed, it may turn into a crisis that danger the existence of the firm. A lot of business failures were caused by poorly manages of reputation risk. How to identify and assess reputation risk Many risks can be quantifying the exposure, but it is not the case for reputation risk, as it is related to some intangible assets and value of the firm, it is difficult to quantify and therefore some subjective method should be use to identify and assess reputation risk. Surveys of stakeholders, comparison with peers, media analysis and focus group meetings all are useful methods to assess reputation risk. Once you identified and assessed some reputation risk issues, you can located it on the risk map according to the frequency and the severity...
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...Purpose The purpose of this disaster recovery plan is to provide guidelines and procedures to be followed to facilitate the rapid recovery from an actual disaster. It also is designed to get information that would be required in a disaster situation. This information could require costly hours and even be impossible to attain after a disaster strikes. Many portions of this plan will change with time. Therefore the plan must be updated and maintained as changes occur. It is intended that the plan be reviewed by senior management at least annually during the fourth qtr of the year. All team leaders are expected to keep staff personal information contained in the appendices of this plan confidential. All team leaders are expected keep a copy of the Disaster Recovery Plan readily assessable from home and a copy readily assessable at their office location at all times. Levels of Disasters There are three levels of disasters which require different actions. Level 1 – Short-term or temporary equipment outages. These outages can be caused by power or equipment failure and may last up to 24 hours. In the event of rolling black outs or other short term power outages Perfect -10’s normal priority of concerns will be in effect. The first step is the safety of all members and staff. Second we want to protect the assets of Perfect -10’s and finally we want to make everyone involved as comfortable as possible. The senior member of management at each location will ensure that the building...
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...BSBRSK501B Manage Risk Assessment 1 1. Scope The scope of new cafe in Toowoomba is to consider and risks that could impact on human resources management, financial operations, OHS, our supply chain and the local governance and overall compliance issues. 2. Goals * Set up policy and procedure to guide staff role. * Install water tank and training staff to reduce water waste. * Renovate cafe * 3. Stakeholders Stakeholder | Internal/External | Role in process | Issues and Concerns | Employees | Internal | Standard of services, Education and Knowledge about coffee. | They are on three months’ probation. | Supervisors | Internal | | | Chef | Internal | Qualified chef and Developed an innovative and popular range of rice wraps | None of the other cafes in the area offered these. | | Internal | | | Landlord | External | | | Suppliers | External | | | Customers | External | Retirees people | Economic issues cannot spend too much.Transportation issues easy to access to shop. | | External | | | 4. PEST Analysis Political Environmental regulations: The current by-law has fines of up to $50,000 for excessive water breaches. The store currently uses 41,000lt per week. The water have been wasted under inappropriate such as using half full running dishwasher, washing fruits and vegetables under a fast running tap, Toilet are the single flush system and fully watered for the non-native flower plants. Economic ...
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...Monitoring report Submission details Candidate’s name | Jingjing, Qian | Student no. | 140437 | Assessor’s name | Deyaco | Task no. | Task 3 | Subject | Manage risk | Assessment date/s | | Time/s | | 1. Plan Manager’s travel risk – physical injuries/deaths – initially rated as extreme. Management meetings to finish 3:00pm. Install teleconferencing. Management training shift to morning half day sessions. By-law Compliance risk – reputation loss and fines by council – initially rated as high. Apply for time to ‘make good’. Policy and procedures to change work practices. Install water saving devices such as native plants, tank, dual flush toilet systems, and 5 stars (WELS) dishwasher. Banking risk – theft of cash left on premises – initially rated as medium. Insurance on ‘cash on premises’. Open an account with closest bank. Policy and procedure requirement to bank daily. 2. Implementation Manager’s travel risk – physical injury – initially rated as extreme. The weekly management meetings are finishing close to 3:00pm. The assistant management training has been shifted to the mornings allowing the manager to leave before 1:00PM. By-law Compliance risk – reputation/brand loss and fines – initially rated as high. An external audit was completed and presented to the board 6 months after settlement. The board and CEO included a new policy regarding compliance with the Toowoomba by-law on water conservation. The dual flush toilets are ordered and in stock. The 5 star rated...
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...manage risk bsbs201b fvgfgtitle of “Excellent Intern” in the "Road to Success • Winning in Sevenstar• Elite Training Camp ". Therefore, I am honored to strongly recommend this excellent young women to your company To begin with,。。。 is exceptionally diligent and hard working. During this summer internship ,。。。was the first to arrive at the company and the last to leave the working place nearly every day and she worked many extra hours over the summer as well . Second,she is friendly and considerate .She is very good at working with other people and enthusiastic about helping the colleagues so that she is favorable among the interns .Meanwhile, the majority of senior officer is satisfied with her virtues. her ideas and opinions have been a great help to these interns, many of whom have taken time to share their comments with me regarding her pleasant and encouraging attitude. Third,she is a earnest and competent staff with keen insight and judgment.Frankly speaking, she has successfully demonstrated leadership ability by sales and promotion. Because of her wide ranges of communicating and coordinating, the whole team's performance was soaring and at last she accomplished 120% of the sales target! Thus she was one of the most capable and potential interns in our company by common consent and was considered as "the splendid steed". In short, it is for these reasons that I offer high recommendations for 。。。 and sincerely hope that you can accept her application favorably...
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...Marketing Plan BBQfun 1. Target markets The market can be segmented into three target populations: * New builds – Refer to people who looking to buy outdoor living items for a newly build * Renovations – Looking to purchase outdoor living products for a renovation home * Replacements – Customers looking to replace the product/s that they already have. 2. Positioning * Product - The product will be wide ranging, quality and unique. It offers the house-proud customer a different option from the cheap mass produced offer prevalent in the market. * Service - BBQfun offer the only 3 years guarantee in the market. Our easy play payment scheme is just what our mortgage-repaying customers welcome. Our experienced staff can assist with product knowledge second to none in the industry. * Display simples * They will provide a huge parking space for easy access; a big store for more convenient 3. Marketing Mix * Pricing - While BBQfun will price at comparable prices for comparable quality, it will not be cheap. We push value over cheap and back this up with a three years guarantee. * Distribution - BBQfun products will be distributed through a chain of retail stores, which customers can access easily via the large car parking arrangements. * Advertising and Promotion - The most successful advertising will be ads and inserts in the Brizzy as well as a PR campaign of informational articles and reviews...
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...Activity 1 Consumer Profile Template 1. Executive Summary Keep in mind that not everyone will read every page of your marketing plan. Your executive summary should highlight the most important parts. It’s an overview of your marketing plan. As you go through the process of writing your plan you will refine your ideas and develop new strategies. By writing the executive summary at the very last you will be able to provide a holistic overview of your marketing plan. It is recommended that you include the following points in your executive summary: * Brief description of products or services * Define target market * Competitive advantage You need to tailor your offer so that your target customers believe that it is superior to what is offered by your competition - this is your competitive advantage. Competitive advantage can come from any element of your marketing mix - creating a superior product, more attractive designs, better service, more effective distribution or better advertising. Competitive advantage comes down to understanding what your customer values, delivering it and doing it better than your competitor. * Positioning statement Positioning is the way your product or service is defined by consumers. For example a consumer would describe a Ferrari as a prestige, high performance sports car. This perception by the consumer is due to a strategy developed by Ferrari to position itself in the prestige segment of the car market with a competitive advantage...
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..._______________________________________________________________ _______________________________________________________________ Report Information from ProQuest 22 August 2012 04:09 _______________________________________________________________ Table of Contents 1. Carbon tax: expert sees opportunities for energy management suppliers................................................... 1 22 August 2012 ii ProQuest Document 1 of 1 Carbon tax: expert sees opportunities for energy management suppliers Author: Hodgkinson, Steve. Publication info: Manufacturers' Monthly (Jul 2011). ProQuest document link Abstract: Putting aside the politics of how best to design Australia's strategy for transitioning to a greener economy, the Government's Climate Change Plan finally gives businesses some clarity over the imperatives to invest in technology to reduce CO2 emissions.For most organisations this means that they will need to invest in systems to monitor operational processes and to analyse and report on their energy consumption, the energy efficiency of production facilities and offices and their overall CO2 emission... Links: Linking Service Full Text: Putting aside the politics of how best to design Australia's strategy for transitioning to a greener economy, the Government's Climate Change Plan finally gives businesses some clarity over the imperatives to invest in technology to reduce CO2 emissions.For most organisations this means that they will need to invest...
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...University of Sydney Business School Referencing Guide This referencing guide has been prepared by the Business Programs Unit for use in Units of Study within The University of Sydney Business School. It is based on the Harvard referencing style. Contents 1. How to use this guide...........................................................................................................................2 2. Some basic referencing terms and rules ..............................................................................................2 3. Examples – when and how to reference ..............................................................................................3 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 Placement of in-text references....................................................................................................................3 Summarising a source ..................................................................................................................................3 Paraphrasing a source .................................................................................................................................3 Short quotation .............................................................................................................................................4 Long quotation ........................................................................................
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...Manage Meeting Whether as an individual, or as part of a group, real Progress depends on entering whole-heartedly into the Process and being motivated to make you a more Deeply satisfied human being. Introduction: If learning comes through experience, it follows that the more one participates in guided experiences, the more one learns. Therefore venturing into uncharted waters - and experiencing the failures that may occur - is an important part of organizational learning The different types of meetings is Formal meeting • • • • Informal meetings Semi-formal meetings Formal meetings – these are highly structured, and are governed by Corporations Law, the Constitution of a corporation, club or association, and the organization’s policies and procedures. Examples of formal meetings include board meetings and annual general meetings. Informal meetings – these are usually less structured than formal meetings, and are generally held to discuss ideas, share information and promote discussion. Examples include team meetings, project meetings, sales meetings and managerial meetings. Semi-formal meetings – combine elements of both informal and formal meetings. The meeting structure will be determined by the purpose of the meeting and the organizational requirements. Table 1.1 below sets out the main characteristics of formal and informal meetings. Formal meetings Informal meetings Held on predetermined dates and at predetermined locations. Can be impromptu, although...
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...Assessment Task 1 BSBINN502 Build and sustain an innovative work environment Research and develop an innovative system Assessment Submission details: 1. Please include following details on the top of your assessment: • Your Name • Your Student Id • Your Trainer’s name • Title of your Assessment • Assessment Due Date • Actual Submission Date Please Note: Any changes in the assessment due date must be approved by your trainer. 2. This assessment must be in Microsoft word format. Following settings should be made for this assignment to keep consistency among all the assessments: |Body text |Page setup | |Font: Times New Roman |Top: 2.54 cm | |Font size: 12 point |Bottom: 2.54 cm | |Line spacing: Double |Left: 3.17 cm | |Text style: Normal |Right: 3.17 cm | | |Header: 1.25 cm | | |Footer: 1.25 cm | 3. Do not forget to attach the Cover Sheet at the front of the assessment. 4. Make sure you...
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