Preview

manage risk

Satisfactory Essays
Open Document
Open Document
602 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
manage risk
Assessment Task 1

BSBPMG522A Undertake project work

Appendix – Scenario
Max Lionel Realty
Max Lionel Realty (MLR), in order to build customer goodwill and satisfy its legal and ethical obligations, has decided to implement a program to:
● inform agents of legal and ethical obligations (particularly with respect to WHS and

anti-discrimination legislation) and any standards or codes of conduct followed by the organisation
● promote high standards in professional conduct (see Real Estate Institute of

Victoria (REIV) Code of Conduct and relevant legislation)
● inform clients, tenants and potential tenants of MLR’s commitments
● achieve employee and client buy-in for initiative.

You are an external consultant (from Ace Consultants) contracted to project manage activities to achieve the objectives above.
Quality standards for deliverables:
● clearly communicate legal obligations and REIV obligations
● contain as content or support company strategic directions
● no grammar or spelling errors
● professional but friendly language
● fair and flexible delivery for intended audience
● meet audience requirements and sensitive to information needs, cultural diversity.

Previous needs analysis for the project has uncovered characteristics and requirements of Residential and Commercial Agents and Clients:
Agents

Clients

Tenants

● under stress; time poor

● cynical: e.g. ‘why do I

● sometimes feel

● highly trained and

competent in selling and managing real estate ● unaware of legal,

ethical requirement. just want to please clients ● even if aware, have no

idea how to apply to daily client practice

have to pay attention to
MLR’s internal business? I just want them to manage my property.’ ● time poor
● not sure of MLR

obligations and commitment to best-ofbreed client service and ethical practice, REIV code of conduct

© 2013 Innovation and Business Industry Skills Council

discriminated against
on

You May Also Find These Documents Helpful

  • Powerful Essays

    Manage Risk

    • 7591 Words
    • 24 Pages

    The reason the investigation was conducted was to gauge what was both good and bad about the new café opening, what needs to be changed in order to increase efficiency at work and any legislative laws involved.…

    • 7591 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    Risk Scenario

    • 4258 Words
    • 18 Pages

    The issue of risk scenario carries immense importance for most of the hospitals that are part of the healthcare setting. However, there is not only one scenario that can affect the hospitals but there are several scenarios that can create an impact on the functions of the hospital. There are three scenarios that would be highlighted in the current topic. These three scenarios have a tendency to put a hospital at risk for financial stability. The first scenario that can produce a negative impact on the hospital risk is related to patient care and safety. The second scenario is related to the physical plant. The third and last scenario is related to staffing. The role of HIM practitioner in this regard would be very important. They would serve as a clinical quality assessment resource and as a team member to perform their tasks related to healthcare work. Therefore, all the issues related to three scenarios will be discussed in detail.…

    • 4258 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Manage Risk

    • 6382 Words
    • 19 Pages

    d) Risk capacity: The amount a business is capable of loosing before it endangers its own sustainability…

    • 6382 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Risk Management

    • 2295 Words
    • 10 Pages

    The metrics that best work to measure Xemba Translations performance on this project is project diagnostic metrics. While not all risks of a project can be mitigated, using this objective data based on these metrics will make a huge difference to mitigate risk. Using diagnostic project metrics is like using a thermometer to assess the projects current status. This can help eliminate or mitigate the issue before it becomes unmanageable at the close of the project. This can help avoid the, should have, could have, would have moments that may happen once the project closes and gets reviewed from a retrospective project metric. With the diagnostic project metric when an issue does arise a contingency plan can be created if there is a trend toward a major risk as well. Diagnostic project metrics use current project statistics to gage where the project stands throughout the work of the project. This allows the project manager the ability to make better decisions along the route of the project to mitigate risk. Metrics that help improve the decision making, help aid to lower the risk of any project. Diagnostic metrics are comparative measures. The metrics compare a baseline (usually set at time of planning the project) to current project actuals. The actuals are compared to an earned value figure that is determined by where the project should be at that exact moment in time according to the project schedule. These diagnostic metrics will use the actual cost, earned value, and planned value to evaluate schedule variance, schedule performance, cost performance, and cost variance. Schedule performance and schedule variance will evaluate the earned value against the planned value. This will help show if the project is currently on schedule, or if not is it over or under schedule and by how much. Cost variance and cost schedule will reveal how the project is performing compared to the current cost and planned budget. These values will help the project manager assess if the…

    • 2295 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    As previous needs analysis we base this project on uncovered by start date from characteristics and requirements of Residential and Commercial Agents and Clients.…

    • 2315 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    Assessing Risk

    • 781 Words
    • 4 Pages

    MY NAME What is it I want to do What are the benefits to me in doing this? What might go wrong? What might happen if I don’t do this? DATE…

    • 781 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Risk Management is an area which involves the consideration of safety precautions for patients and also in different areas including the work place. Patient affairs are of major concern since it deals with life protection. There are various risk management techniques which ensures ones safety. The purpose of risk management is to discard any possibilities of misfortune due to lack of certain control measures. Risk Management was introduced to ensure safety within various ranks of life. The ultimatum care accorded to patient determines their well being. Risk management involves considering all the required health standards when undertaking any activity (Joan, 2007). Health standards are the set guidelines set to ensure safety in different areas. Health regulations ensure people's safety.…

    • 615 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Risk

    • 4337 Words
    • 18 Pages

    This assignment will critically evaluate theories of risk, and consider the approaches to practice for the role of a local authority social worker in the identification, assessment and management of risk of social work with children, young people and families. There will be consideration given to the impact of social work practice on service users and carers including my understanding of anti-discriminatory and anti-oppressive practice.…

    • 4337 Words
    • 18 Pages
    Best Essays
  • Powerful Essays

    There are many mechanisms for identifying risks in long term care, as well as other corporations. They are as follows:…

    • 1262 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Before you can start to analyse the information you have gathered you should think about what you are trying to achieve. The client has presented you with a business problem. In order to solve this problem you need to undertake the following steps:…

    • 6518 Words
    • 27 Pages
    Good Essays
  • Good Essays

    As an aftereffect of her commitment and accessibility, Lisa's notoriety for being a first class property specialist has developed in her general vicinity, carrying with it an extensive number of new customers every week. At the point when consolidated with email administration, Lisa's Virtual PA has possessed the capacity to essentially run the arrangement side of the business for her.…

    • 866 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    HSBC

    • 4305 Words
    • 14 Pages

     A person or entity that maintains an account and/or has a business relationship with the India Shelter Finance Corporation Ltd.( essentially home loan customers )…

    • 4305 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Asian Paints Hr Strategy

    • 3677 Words
    • 15 Pages

    taken it upon us to lay down this Code of Conduct for all our employees to uphold our…

    • 3677 Words
    • 15 Pages
    Good Essays
  • Good Essays

    Property Management System

    • 5100 Words
    • 21 Pages

    I hereby declare that the project entitled “ ____ Estate Agent and Property Management System (eProperty)____ “ submitted for the XXXX. degree of XXXXX University is my original work and the project has not formed the basis for the award of any other degree, association ship, fellowship or any other similar titles.…

    • 5100 Words
    • 21 Pages
    Good Essays
  • Satisfactory Essays

    Chinese Market Entries

    • 378 Words
    • 2 Pages

    Chinese distributor sells multiple products even the competing ones, hard to monitor they like your products more than others…

    • 378 Words
    • 2 Pages
    Satisfactory Essays