self-awareness
Implement, monitor and review risk management
Submission details
Candidate’s name
Quoc Ky Mac
Phone no.
Assessor’s name
Anita Caile
Phone no.
Assessment site
Assessment date/s
Time/s
The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below for details.
Performance objective
Assessment Task 2 requires candidates to demonstrate the skills and knowledge necessary to implementing risk treatment and monitoring and reviewing risk management in the context of a simulated business.
Assessment description
To complete this assessment task, you will need to review a simulated business and its associated documentation then review the risk treatment planning you prepared for Assessment Task 1. You will then need to implement risk treatment, schedule and complete monitoring of risk treatment in accordance with your area of responsibility, and write a report containing recommendations for the improvement of risk management.
Procedure
1. Review the simulated business information for MacVille in the Appendices of your Student Workbook.
2. Review the scenario information contained in the Appendices of this assessment task.
3. Create a schedule of monitoring activities. Consider/record:
a. all controls and relevant monitoring activities
b. responsibilities, including personal responsibilities
c. performance measures (measures of success) and targets
d. key timelines for monitoring activities
e. audit requirements as specified in scenario.
4. Implement risk management activities as per the risk treatment action plan you completed in Assessment Task 1 and monitor the success of controls as required by the monitoring schedule and organisational duties.
5. Complete a risk audit report. Complete the report regarding areas of your own responsibility. Complete risk descriptions,
Submission details
Candidate’s name
Quoc Ky Mac
Phone no.
Assessor’s name
Anita Caile
Phone no.
Assessment site
Assessment date/s
Time/s
The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below for details.
Performance objective
Assessment Task 2 requires candidates to demonstrate the skills and knowledge necessary to implementing risk treatment and monitoring and reviewing risk management in the context of a simulated business.
Assessment description
To complete this assessment task, you will need to review a simulated business and its associated documentation then review the risk treatment planning you prepared for Assessment Task 1. You will then need to implement risk treatment, schedule and complete monitoring of risk treatment in accordance with your area of responsibility, and write a report containing recommendations for the improvement of risk management.
Procedure
1. Review the simulated business information for MacVille in the Appendices of your Student Workbook.
2. Review the scenario information contained in the Appendices of this assessment task.
3. Create a schedule of monitoring activities. Consider/record:
a. all controls and relevant monitoring activities
b. responsibilities, including personal responsibilities
c. performance measures (measures of success) and targets
d. key timelines for monitoring activities
e. audit requirements as specified in scenario.
4. Implement risk management activities as per the risk treatment action plan you completed in Assessment Task 1 and monitor the success of controls as required by the monitoring schedule and organisational duties.
5. Complete a risk audit report. Complete the report regarding areas of your own responsibility. Complete risk descriptions,