For this assessment you are required to manage risks in a range of contexts across Town and Country Services. You must demonstrate your ability to:
For the provided case study, you will assume the role of the Risk Manager and it is your responsibility to identify and manage the risks in the regional expansion project. The Board of Directors of Town and Country Services will be responsible for strategic and financial risks.
In order to complete this project, you must develop a risk management plan which:
As part of the task you are to complete a written report for your manager (your assessor) that addresses the following 4 Stages of the risk management process.
As a business manager, when developing risk management plans for a project, you need to clearly identify a project’s goals or objectives and its scope and critical success factors of risk management.
(a) Describe goals/objectives of the business. Consider factors including:
(b) Explain the scope of the project in terms of “deliverables” (what it is designed to achieve)
(c) Relate the deliverables to the goals/objectives of the organisation and explain how the project promotes them
(d) Identify the Critical Success Factors (CSF) – factors that must be present in order for the project to be successful and promote Town and Country Service’s goal.
You realise that your action plan for implementing risk treatments needs to be reviewed. You need to evaluate the plan and write up what you find in a report which you will provide to your manager.
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