RCM301 Risk And Crisis Management

The unit is based on identification of risks in organizational work and the way natural disaster might impact type of risks and the level of risk that is present faced by administration and organization. In this course, the ways to control the risk is being taught to the students in terms of the timeframe based on which organizations perform effectively. It is also important to state that stakeholders responsibility is an important topic that is taught to the students under this course. The students receive knowledge in the form of resources that are needed for mitigation of risk as well as future action plans. The course is inclusive of knowledge that is being catered to the students in the form of plan of action, business impact assessment as well as supply chain failure. These aspects of an organisation impact its growth as well as the way operations and functions of the organisation holds up its workforce, performance, financial status and benefits. Considering the course helps the students to identify different types of risks, they also learn the strategies to mitigate these risks effectively. To mitigate these risks the most important aspect is to identify, analyse and evaluate the risks. And it is these process that is taught to the students in this course in details. When evaluating the stakeholders, customers, resources and others of organisation, it is important to state that the strategies to mitigate the risk is necessary in terms of evaluating the impact on business, facing technological hazards leading to development of an action plan. Location: Laureate International University, Australia Study level: Undergraduate level Unit code: RCM301 Risk and crisis management

The first assessment is based on the question about risk and crisis management assignment. Students are asked to write their understanding of internal and external factors of an organisational environment and effectively implementing the same in terms of a scenario where they as an employee. As a corporate risk manager, the students must develop an understanding of the risks that is present in a hotel and accordingly provide their identification, evaluation and understanding of the risks. Based on the 4T framework the students were supposed to develop a risk identification report as well as crisis management strategies to provide their acquisition of the knowledge and skills in this course. In the second assessment, the students are asked to develop contingency strategies, supply diversification, team training and recommended recovery strategies for business continue to plan in an organisation. The students with a performance must establish the service recovery and the sourcing strategy effectively providing a detailed understanding of business impact analysis. When identifying integral parts of the department, it is important to state that the services are not only recoverable but it is also supportive of risk and crisis management techniques. Certain recommendations such as outsourcing staffs, loyal to the customer, strategic pricing and strategic responses or aspects that the students must write about in their assessment. This is meant is identified as environmental scanning report of 200 words where analysis and evaluation of the principles and strategies in which comprises management in context to hospitality and tourism industry is performed by the students. The total weightage of this assignment is 40% while the first assessment consists of 60%.

The weightage of this code RCM301 for the subject Risk and crisis management in this semester is 100%. The course is important in terms of identifying the risks that an organization must take in terms of facing these challenges as well as observe the technological hazards, financial crisis, security and privacy, anti-virus software, training of security and others. The students are taught about the significance of the risk management in organizations and it reflects in terms of stakeholders, resources, action plan and their impact on the business. The students through this course learn about the significance of the professional impact of risk management therefore, it is important for the students to submit tasks that are original and no work must be plagiarized. The students must not misuse their options and choices that are given to them neither must they misuse technological advancement in terms of digital services to submit a work that is not original. The students must not take advantage of the course or other services that are available in terms of security and risks that a management of an organization faces. The future development and growth in terms of organizational integration as well as developing strategies to mitigate risks in such a form thus, the students learn about the detailed information and knowledge. The course is significant in terms of effective implementation of knowledge and risks therefore, the performance of the students must be above 50% so that they can receive degree in this course.