BSBRSK401 Question and Answers on Identify Risk and Apply Risk
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Read each question carefully.
- Outline two techniques for identifying risks. Your answer should be a minimum of 20 words but no longer than 100 words.
- Outline two techniques for evaluating risks. Your answer should be a minimum of 20 words but no longer than 100 words.
- Using Plan2go or an organization that you are familiar with, explain how the organization manages risk, making reference to relevant policies, procedures and processes that are in place. Your answer should be a minimum of 100 words but no longer than 200 words
- Evaluate three areas where risks are commonly identified in an organization. Your answer should be a minimum of 100 words but no longer than 200 words.
- Refer to the Australian Standard Risk management guidelines AS ISO 31000-2018 and outline the purpose and eight main principles of this risk management standard. Your answer should be a minimum of 100 words but no longer than 200 words.
- Using Plan2go or an organization that you are familiar with, outline the legislative and regulatory context of your organization in relation to risk management. Make reference to any Acts, standards, guidelines, policies or codes that apply. You may refer to applicable legislation and regulations that have been provided to you throughout this unit. Your answer should be a minimum of 200 words but no longer than 400 words.
- Using Plan2go or an organization that you are familiar with, identify and outline three of your organization’s auditing requirements relating to risk management.