Procedure
1. Review the simulated business information for MacVille in the Appendices of your Student Workbook.
2. Review the scenario information contained in the Appendices of this assessment task.
3. Identify the internal and external context for risk management with respect to the MacVille scenario.
4. Identify minimum four risks for MacVille (using tools such as SWOT analysis, checklists, research notes, notes of meetings with stakeholders, etc.)
5. Analyse each identified risk to identify likelihood/probability and consequence of each risk.
6. Determine the level of risk for each risk.
7. Propose possible control measurement s for each risk identified above.
8. Determine what resources are required AND who are the responsible persons for each control measurement. (Resources may include financial resources, human resources, equipment or any other resources you think is necessary to implement your proposed control measurements.)
9. Identify who you can consult (from internal and external parties) to assist your analysis and evaluation of risk AND prepare minimum of 10 questions for your consultation.
10. Submit a detailed report which include the following :
a) Answers for items 3 – 9 above
b) Completed risk template (refer to appendix 2)
c) Completed risk treatment action plan template (refer to appendix 3)