Risk management plan Academic Essay

1.Explain the consultation and communication activities that you will undertake as part of the planning process. You must include a stakeholder analysis in relation to risk in your organisation.

2.Review organisational processes, procedures and requirements.  Analyse and assess the risks for your organisation.  Apply the current risk management standards and processes to outline risk management for your organisation.  Ensure you include the following:

  1. Establish the risk context (PESTEL analysis)
  2. Risk identification (SWOT analysis, ten risks must be identified)
  3. Analyse and evaluate the ten risks, outline the likelihood of each risk to occur, and prioritise the risks. Include a risk matrix.
    1. Outline the ten risks and levels of control in the risk register part a template. You can create your own risk reference code unique to each risk e.g. a marketing risk may be given the risk reference code of MARK001.
    2. Determine and select the most appropriate actions for treating the ten risks, develop an action plan in risk register part b to be implemented to treat the risks, if the risks were to occur.  Discuss and evaluate the action plan and ongoing monitoring and communication of the risk management process.
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