BSBRSK501B Assessment4v15
Knowledge test
Submission details
This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Your assessor must approve any variations to this arrangement in writing.
Submit a file with any required evidence attached as per
Specifications below
Acknowledgement of original work, free from plagiarism as per Assessment Plan
Special needs (considerations if required see Access & Equity Policy)
Naming document files when submitting assessments (check Assessment Plan)
Assessor’s additional and particular instruction/s.
Performance objective
You are required to demonstrate understanding of a wide range of questions to assess your underpinning knowledge of the management of risk.
Assessment description
For this task you are required to demonstrate an understanding of standards and legislation relevant to risk management, and the management of risk across an organisation in a range of contexts.
Procedure
You are required to:
Review the written questions provided
Provide written responses to the questions
Submit your responses in the agreed timeframe.
Specifications
You must provide: written responses to all questions provided.
Your assessor will be looking for: evidence that you understand the required legislative requirements evidence that you understand risk management practices in the business sector.
Prompt questions
What are three ways that research can be conducted for risk-related issues? For each way, briefly describe how it may be done.
1. Qualitative analysis: useful as an initial screening to identify if further analysis of risk is required, when the analysis is appropriate for decisions, when numerical data or resources are inadequate.
2. Semi-quantitative analysis sets values to the risks in order to produce a more expanded ranking scale than that which is usually achievable from qualitative analyse.
3. Quantitative analyse : uses numerical values to analyse
Submission details
This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Your assessor must approve any variations to this arrangement in writing.
Submit a file with any required evidence attached as per
Specifications below
Acknowledgement of original work, free from plagiarism as per Assessment Plan
Special needs (considerations if required see Access & Equity Policy)
Naming document files when submitting assessments (check Assessment Plan)
Assessor’s additional and particular instruction/s.
Performance objective
You are required to demonstrate understanding of a wide range of questions to assess your underpinning knowledge of the management of risk.
Assessment description
For this task you are required to demonstrate an understanding of standards and legislation relevant to risk management, and the management of risk across an organisation in a range of contexts.
Procedure
You are required to:
Review the written questions provided
Provide written responses to the questions
Submit your responses in the agreed timeframe.
Specifications
You must provide: written responses to all questions provided.
Your assessor will be looking for: evidence that you understand the required legislative requirements evidence that you understand risk management practices in the business sector.
Prompt questions
What are three ways that research can be conducted for risk-related issues? For each way, briefly describe how it may be done.
1. Qualitative analysis: useful as an initial screening to identify if further analysis of risk is required, when the analysis is appropriate for decisions, when numerical data or resources are inadequate.
2. Semi-quantitative analysis sets values to the risks in order to produce a more expanded ranking scale than that which is usually achievable from qualitative analyse.
3. Quantitative analyse : uses numerical values to analyse