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Risk Map and Risk Plan

In: Business and Management

Submitted By liuzhenqiu
Words 3683
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------------------------------------------------- kBMS0044 ------------------------------------------------- Principles of Risk

Assignment One: Risk Map and Risk Plan/Register

Assignment November 2010

Outline Brief

The basis of this assignment is for you to undertake an initial risk identification analysis of some significant area of a business operation OR environmental setting/issue, with the aim of producing a summary risk map and related risk plan/register.

This will require you to consider for your chosen focus of study what might be key (primary) risks, how those risks may be appropriately classified and how their potential impact and likelihood might be assessed and evaluated in an objective way.

The final submission will take the form of a graphical risk map (matrix) and a tabulated risk plan/register. The latter should provide for a contextualised review of the key risks, the rationale for their inclusion and for the risk assessment that you have ascribed to each risk listed.

The risk map and plan are not required to show risk management responses. This assignment is worth 50% of the overall module assessment, and a guideline of 2,500 words is provided for the written (risk plan) element.

Tasks within this brief:

1. Identify a suitably focussed business activity or environmental issue on which to base this assignment; 2. Identify potential risk identification and assessment techniques, and their potential limitations within the context of this assignment; 3. Undertake a process/processes of risk identification and assessment; 4. Complete, by the stated hand-in date, a report outlining your approach and the summary risk map and risk plan documents – to an absolute maximum word count of 2,500 words.

Note: you are not expected to demonstrate the risk management approaches that you would adopt in response

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