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BSBRSK501 Manage Risk

tag 0 Download 12 Pages / 2,935 Words tag 04-06-2021
  • Course Code: BSBRSK501
  • University: Victoria University
    icon is not sponsored or endorsed by this college or university

  • Country: Australia


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If reassessment is required, you will be given the chance to resubmit the assessment task. You will have up to three opportunities to resubmit each assessment task. If, after the third attempt, the assessment is still not satisfactory your trainer/assessor will make alternative arrangements for assessment.

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Have you read and understood what is required of you in terms of assessment?

Do you understand the requirements of this assessment?

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Do you have any special needs or considerations to be made for this assessment?  If yes, what are they?  

Do you understand your rights to appeal the decisions made in an assessment?

Provide answers to all of the questions below:

1.Provide a short definition of risk as identified in the Australia/New Zealand Standard for Risk Management (AS/NZS ISO 31000:2009).

2.Briefly define risk management?

3.List at least 5 benefits of risk management?

4.What is the purpose of the AS/NZS ISO 31000: 2009 Risk Management Principles and Guidelines?

5.Briefly discuss 2 of the 11 principles of risk management as per the AS/NZS ISO 31000: 2009 Risk Management Principles and Guidelines.

6.Identify three examples of potential impacts of risk?

7.What are the steps for analysing risks?

8.List three sources of information that you could use to gather information on potential risks.

9.List and explain the five options for controlling risk.  

10.Identify and list five ways in which an organisation can minimise risk.

11.What are three examples of tools or techniques that could be used to identify risks as part of a risk assessment process?

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Total 12 pages

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