Course Title: Identify risk and apply risk management processes

Part B: Course Detail

Teaching Period: Term1 2009

Course Code: BUSM6237C

Course Title: Identify risk and apply risk management processes

School: 650T TAFE Business

Campus: City Campus

Program: C4222 - Certificate IV in International Trade

Course Contact : Tim Wallis

Course Contact Phone: +61 3 9925 5423

Course Contact Email:timothy.wallis@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Margaret Stewart
Telephone: 9925 5493
Email: margaret.stewart@rmit.edu.au

Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This course will deliver the skills and knowledge required to identify risks and to apply established risk management processes to a subset of an organisation or project’s operations that are within the person’s own work responsibilities and area of operation. Risks applicable within own work responsibilities and areas of operation may include projects being undertaken individually or by a team, or operations within a section of the organisation.

 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBRSK401A Identify risk and apply risk management processes

Element:

1. Identify risks

Performance Criteria:

1.1 Identify the context for risk management

1.2 Identify risks using tools, ensuring all reasonable steps have been taken to identify all risks

1.3 Document identified risks in accordance with relevant policies, procedures and legislation

Element:

2. Analyse and evaluate risks

Performance Criteria:

2.1 Analyse and document risks in consultation with relevant stakeholders

2.2 Undertake risk categorisation and determine level of risk

2.3 Document analysis processes and outcomes

Element:

3. Treat risks

Performance Criteria:

3.1 Determine appropriate control measures for risks and assess for strengths and weaknesses

3.2 Identify control measures for all risks

3.3 Refer risks relevant to whole of organisation or having an impact beyond own work responsibilities and area of operation to others as per established policies and procedures
3.4 Choose and implement control measures for own area of operation and/or responsibilities

3.5 Prepare and implement treatment plans

Element:

4. Monitor and review effectiveness of treatment of risks

Performance Criteria:

4.1 Regularly review implemented treatment/s against measures of success

4.2 Use review results to improve the treatment of risks

4.3 Provide assistance to auditing risk in own area of operation

4.4 Monitor and review management of risk in own area of operation


Learning Outcomes


Students will be able to demonstrate:

  • the identification, analysis and evaluation of risks.
  • an understanding of their personal role in relation to wider organisational or project contexts.
  • an understanding of risk management processes and procedures.


Details of Learning Activities

A one hour lecture will be used for lectures, videos and speakers.
A one and half hour class will be used for tutorial exercises, some assessment, and clarifying or developing lecture material.
Material such as Course Guides, Assessment, power points and some handouts will be on the Learning Hub.


Teaching Schedule

Week       Topic and referencesAssessmentText Chapter

One 9<sup>th</sup> Feb

Define risk 

Intro  p 1-3

 B&R Intro

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Two

 16<sup>th</sup> Feb

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk and perception

 Video Living Dangerously AVK616.08 L785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

P 3-4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three

 23<sup>rd</sup> Feb

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 1 Communicate and confer

  Video Risk Maker Risk Taker

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chapter 1

  B&R p 125-128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Four

 2<sup>nd</sup> Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 2 Define the context

In Class Exercise 1 (10%)Chapter 1
B&R p 13-36

Five

 9<sup>th</sup> Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 3 Identify Risks

 Mon 9<sup>th</sup> March – Labour Day Holiday

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assignment 1 Due Friday 13 March Chapter 1
B&R p37-72

Six

 16<sup>th</sup> Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 3 Identify Risks

In Class Exercise 2 (10%)Chapter 1
B&R p37-72

Seven

 23<sup>rd</sup> Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 4 Analyse risks

 Chapter 2
B&R p73-87

Eight

 30<sup>th</sup> Mar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 4 Analyse risks

In Class Exercise 3 (10%)Chapter 2
B&R p73-87

Nine

 6<sup>th</sup> April

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 5 Evaluate risks

Thurs 9<sup>h</sup> – Wed 15<sup>th</sup> April inclusive EASTER HOLIDAYS

Chapter 2
B&R p73-87

Nine

 13<sup>th</sup> April

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 5 Evaluate risks Chapter 2
B&R p73-87

Ten

20<sup>th</sup> April

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step 5 Evaluate risksIn Class Exercise 4 (10%)Chapter 2
B&R p73-87
 

Eleven

27th April

Step 6 Address/treat risks

  Chapter 4
B&R p110-124
 

Twelve

4<sup>th </sup> May
 

Step 6 Address/treat risks

 In Class Exercise 5 (10%) Chapter 4
B&R p110-124
 

Thirteen

11<sup>th</sup> May
 

Step 7 Monitor and review the system

  Chapter 4
B&R p110-124
 

Fourteen

18<sup>th</sup> May
 

Step 7 Monitor and review the system

  Chapter 4
B&R p110-124

Fifteen

25<sup>th</sup> May
 

Review and evaluation

 Group Risk Mgt Report 30%  Friday 29 May

 
 

Sixteen

1<sup>st</sup> June
 Group Report interview and feedback Group Report interview and feedback (15 minutes per group) 

Seventeen

8<sup>th</sup> June
 

Group Report interview and feedback

 Group Report interview and feedback (15 minutes per group) 

Eighteen

15<sup>th</sup> June
   
    
 


Learning Resources

Prescribed Texts

Identify risk and apply risk management processes BSBRSK401A, Aspire Learning Resources, Melbourne 2008


References

Baker, W and Reid, H 2005 Identifying and managing risk, Pearson Education Frenchs Forest, NSW. Business Library 658.155 B168

Bennett, AE 2005. Guide to risk management in imports/exports, CCH Australia, NSW. Business Library 343.94087 B471

Cleary, S and Thiery, M 2007 Global risk management. Business success in turbulent times, Palgrave, Macmillan, NY. Business Library AV 658.155 C623

Fearn-Banks, K 2002 Crisis communication casebook approach, Lawrence Erlbaum Associates Published, New Jersey Bus Lib 659.2 F288 On Reserve

Robinson, G 2008 Australian risk roundtable, Brolga Publishing, Melbourne. Business Library AV 658.155 A938

VIDEO: Risk Maker, risk taker: a manager’s guide to risk. Business Library AV 658.155

Free Management library        http://managementhelp.org/


Other Resources


Overview of Assessment

Assessment will incorporate a variety of methods which may include class exercises, written tests, presentations, individual or group projects. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.Students will be provided with feedback throughout their course to check their progress.


Assessment Tasks

Assignment 1 Risk Management Event Report                                     Due Date COB Week 5
Individual assignment Value 20%
Length: 750-1000 words

Aims: Analyse and describe current or past events using risk management concepts and tools. Suggest ways the risks could have been reduced, in hindsight.
Apply skills in finding information using online resources, books, journals and newspapers.
Apply Harvard referencing skills.

Assessment criteria
&#61607; Application of risk management concepts and tools to answer the questions 10%
&#61607; Good use made of a variety of resources (1 must be hard copy, 1 must be online) 5%
&#61607; Correctly uses Harvard referencing system to reference the resources 5%
(minimal requirement: Harvard system used, not footnote system;
author-date in the text, not the book title; reference list, not bibliography).

Business report format is not required. Students may work on the same topic, but each report must be individual. Do not draft the report together in case you submit similar essays.

Instructions
Identify a current or past story in the news or a book which portrays business Risk and Risk Management. Examples could include company fires, environmental disasters, food poisoning, poor product sales, theft, fraud, death of staff and so on. Page 8 of the textbook has a list of 6 broad categories of risk to help you think of a news story.

Describe and comment on the event, with the benefit of hindsight, using risk management concepts and tools: Briefly describe the event (attach a copy of the article if convenient). From the point of view of a manager in the business, describe the context of the risk, the actual risks associated with the event, who the risks affected and how it affected them. Are there any other risks that you now think should have been identified?

What risk reduction strategies were already in place or likely to have been in place before the event? What other risk reduction strategies could have been used or have been used since?

Assignment 2 Risk Management exercises                   In-class weeks 4,6,8,10, 12
Individual assignment Value 10% each

Students complete 5 exercises for assessment in class.

Assignment 3 Risk Management Plan Due                           Date Week 15 Report
Group-based (groups of 4) Week 16 group interview
Length: 2000-2500 Value 30%


Develop a Risk Management Plan.

Aim: This assignment requires you to develop a Risk Management Plan to show you can comprehend and apply the Australian Standard for risk management.

Work in groups of 4 and develop a written Risk Management Plan for a business. The plan must follow the model presented and explained in AS/NZ 4360:2004 Risk Management, Standards Association of Australia, NSW.

Students must meet at least 3 times and provide Meeting Minutes to the teacher outlining items discussed and action agreed for preparation of joint report. Class time will be used for meetings if time permits. Student must also omplete a peer review form and give it to the teacher.

A detailed assignment will be on the Learning Hub in week 3.



Assessment Matrix

Other Information

Homework
Students will be required to undertake research and assessment work outside of regular class times. Homework facilitates achievement of competencies in this course. Students are expected to take an amount of time outside of class, on reading and assignments equal to what they do in class to be deemed competent in this course.

Grading
A pass in each assessment will result in a grade for the student. Where a pass is achieved competency for that assessment is given. Where there are multiple assessments for a single competency the students must achieve competency (a pass) in each assessment to be deemed competent. Competency MUST be achieved in all assessments of the course for a graded result to be obtained.

Grade Mark Description
HD > = 80 High Distinction (Competency Achieved)
DI 70 - 79 Distinction (Competency Achieved)
CR 60 - 69 Credit (Competency Achieved)
PA 50 - 59 Pass (Competency Achieved)
NN < 50 Fail (Not Yet Competent)
CA Not Applicable Competency Achieved
NYC Not Applicable Not Yet Competent


Teacher Contact
Out of class communication to all students will occur using the RMIT student email and/or the Blackboard. It is essential that you check your email and the Blackboard prior to attending each class.
Consultations with the teacher can be arranged via email.

Academic Administration Procedures
Students who require general assistance should, in the first instance, approach their class teacher. Secondly, students should contact the course coordinator and lastly, the program coordinator.

Plagiarism
Plagiarism is the presentation of the work, idea or creation of another person as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to expulsion from the University. Plagiarised material can be drawn from, and presented in, written, graphic and visual form, including electronic data and oral presentation. Plagiarism occurs when the origin of the material used is not appropriately cited. it also occurs through enabling plagiarism, which is the act of assisting or allowing another person to plagiarise or to copy your own work. Please make sure you consider this carefully in completing all your work and assessments in this course and if you are unsure about whether you might have plagiarised, seek help from your teacher.

Examples of plagiarism include:
• Copying sentences or paragraphs word-for-word from one or more sources, whether published or unpublished, which could include but is not limited to books, journals, reports, theses, websites, conference papers, course notes, etc. without proper citation;
• Piecing together text from one or more sources and adding only linking sentences;
• Copying or submitting whole or parts of computer files without acknowledging their source;
• Copying a whole or any part of another student’s work; and
• Submitting work as your own that someone else has done for you.

For further information including “Plagiarism (and how to avoid it): Resources for Students” please refer to the Plagiarism section of the RMIT Policies, available at http://www.rmit.edu.au/policies in the Plagiarism Policy section. For information relating to the penalties for plagiarism and cheating, please refer to Regulation 6.1.1 Student Discipline available at http://www.rmit.edu.au/browse;ID=1db54sd7vspz;STATUS=A;SECTION=2;PAGE_AUTHOR=Andrea%20Syers
Penalties include official reprimand, recording of a failure result or expulsion from the University.

The originality verification software Turnitin (see http://www.turnitin.com), may be used on assessments in this course.

To support you with issues associated with the honesty and full referencing of external work presented in assignments, please visit the University website for Academic Integrity: http://www.rmit.edu.au/academicintegrity

Specifically, support resources for yourself as a student to ensure that your submitted assessment accurately represents your work are provided at: http://www.rmit.edu.au/academicintegrity/students

Submission of written work/assessment
All of your written work must conform with RMIT’s guidelines “Written Reports And Essays: Guidelines For Referencing And Presentation In RMIT Business” which can be found at: http://mams.rmit.edu.au/s9sx559hurvc.rtf

All of your written assessment must be lodged by the due date in the format specified for the particular assessment task. Written assessment must have a footer containing: student number, student name, course code, title of assessment and teacher’s name.

Staple your assignment. Please do not place in plastic binders or plastic pockets.

Attach a signed Assignment Cover Sheet to each submission of written work or assessment. Cover Sheets are available near the lifts on Level 13 or from http://mams.rmit.edu.au/7ksj9bbov094.doc

You must keep a copy of your assignment/written work, which can be produced if the original is lost or damaged.

Supervised Assessment
Unless otherwise instructed by your class teacher, course coordinator or invigilator, the following conditions apply to your supervised assessments:
• All answers are written in blue or black pen only. Answers written in other colours or pencil will not be marked, excluding diagrams.
• The only materials which may be brought into the assessment room are blue or black pens, pencil, eraser and correction fluid. Items such as electronic dictionaries, mobile phones, electronic devices, written material and paper are not to be brought into the assessment room. It is a breach of assessment conditions to have any unauthorized materials or equipment in the assessment room.
• Assessment papers, questions and other material provided by the University are not to be removed from the assessment room.
• There is no communication of any kind with any person either inside or outside the assessment venue, apart from the assessment supervisor/invigilator or course teachers.

Special Consideration
Special Consideration is a process that enables the University to take account of unexpected circumstances such as illness, injury or bereavement that affect a student’s performance in assessment. Special Consideration can be applied for to obtain a classroom-based deferred assessment, eg: test or a role play.

You may apply for special consideration up to and no later than 48 hours (2 working days) after the date of the classroom based assessment. Forms are available from BTS Reception on Level 13 or from http://www.rmit.edu.au/students/forms

Grounds for special Consideration may include illness, accident, bereavement, hardship/trauma. All supporting documentation must be included with your application. Completed forms must be addressed submitted to the Hub on Level 4 Building 108. Further information can be accessed from http://www.rmit.edu.au/students/specialconsideration

Special Consideration for extension of time for submittable tasks can be submitted to Program Coordinator, Seymour Jacobson, up to 7 days from the due date of the assessment. After 7 days, the application must go to the Special Consideration Committee. The criteria for this special consideration are no different to those for classroom-based applications. These applications are to be submitted on an Application for Extension of Submittable Work form.
Variations to Assessment
A change will not be made to the form or forms of assessment as detailed in the Course Guide unless:
1. the students enrolled in that course have received notice in writing of the proposed change; and
2. the change is approved by the Head of School and not less than seventy percent of the students enrolled in that course.

Non and Late Submission of Work
If you do not attempt an assessment or meet an assessment deadline and have not been granted Special Consideration or Extension of time for submittable tasks, you will not receive a mark for the assessment and be deemed NYC (Not Yet Competent).

Appealing Assessment
You are entitled to appeal assessment results. Any appeal should be submitted to the Course Co-ordinator Student Liaison, Seymour Jacobson not more than 10 days after receiving notice of the result for the assessment. Please refer to RMIT Policy – Appeal Against Assessment Result available at http://www.rmit.edu.au/policies
Relevant previous study or work/life experience and credit in this course
RMIT University recognises nationally accredited or endorsed qualifications and Statements of Attainment issued to the student by other Registered Training Organisations (RTO’s).

Also, RMIT provides credit for work experience or other forms of life experience that match the learning outcomes/competencies of RMIT courses. You must provide evidence that is current, relevant valid, and verifiable that your experience matches the learning outcomes/competencies of the relevant course for which you are seeking credit. This evidence may include formal qualifications (certificates, etc); work samples; references; documents, etc.

To apply, you should obtain an RPL Information Sheet from BTS Reception on Level 13. Forms are also available at Reception or from the RMIT Website at hhttp://www.rmit.edu.au/studentsttp://www.rmit.edu.au/student-records/studentforms . You should complete the appropriate form (RPL and/or Credit Transfer), attach the relevant supporting documentation and submit to the program coordinator via Level 13 Reception within one month of enrolling



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