D1 Risk Review

1. Planning Risks: Inadequate time to plan, allocate resources and scheduling thoroughly for projects completions and budget parameters.

The last step in a risk management plan is to evaluate the risks. This is a learning step and works to provide experiences gained form working with risks. This evaluation should consider all aspects of the plan and identify best practices. The evaluation should answer the questions pertaining to how the project team did, what could be done better, what lessons were learned, and how can best practices be incorporated into the risk management process. This risk evaluation helps to influence how the organization will plan, prepare and commit to future risk management plans.

The safety aspect for risk management will evaluate the potential for human loss of life and or injury. The potential for major incident or accident, such as fire, explosion, or spill, including environmental damage. The necessity for security within the company is a highly need aspect of safety that can lead to risk. The revenues aspect for risk management will evaluate the loss of customer base, recovering of capital loss and recognizing uncoverable capital loss, and loss of opportunity in marketing of the product. The necessity for revenue risk management is key. The costs aspect for risk management will evaluate the costs that were incurred due to preventable problems. Also, costs due to increased warehouse space, vendor changes, and discount changes. A significant risk in cost for this company is the cost of legal defense. The legal aspect for risk management will evaluate regulatory compliance failures and actions that could result

For this task you are required to determine the risk context associated with establishing a new business outlet, within the existing business structure. They will be required to review internal and external environment factors and liaise with all stakeholders to generate a list of risks.

1. How much business risk is associated with Sterling’s proposed acquisition of the germicidal, sanitation, and antiseptic products unit of Montagne Medical? Be sure to define business risk in your answer.

An innocent child is standing in a candy store and looking at all his favorite options from which to choose. He slowly reaches for the bag of M&Ms, and he does not know what all the chemicals in that bag will cause him. The M&Ms have ADHD (Attention Deficit Hyperactivity Disorder) causing carcinogens in them called food dyes. These food additives help the food products stay vibrant and eye catching but America’s youth does not know what the consequences are when you eat these products. Children think they are nice and colorful but they do not know what lies behind the wonderful rainbow of colored M&Ms in that bag. That is why The United States needs to ban food color additives to make our nation healthier. The main points on food dyes are the problems they cause, the counter argument against them and the steps the country can take to solve these problems.

This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Any variations to this arrangement must be approved in writing by your assessor.

Identify the potential risks which affect the company and manage these risks within its risk appetite;

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.

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.

You have been asked to develop a risk inventory, risk map and the general risk response you would recommend to address each risk.

For the first part of the assigned project, you must create an initial draft of the final risk management plan.

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.

This attracts more guests and cruise passengers that want to assist Royal Caribbean International in Haiti aid efforts.

The risk management assignment of the Macville Pty Ltd involves different types of the elements that helps them to facilitate an efficient and effective operation. Elements of Macville risk management generally include different policies and procedures, business planning and budgeting, review regarding the risk management, different monthly report and external audits so they can understand the current position of the organisation and enable the quick response so they can avoid risks regarding the strategic as well as commercial risk. Different policies regarding the human resources, corporate governance and finance helped them to understand different types of problems they are currently facing so they can develop