602, 411 and 511

Steps

Place a tick mark, once completed

Step 1: Determine which internal and external stakeholders should be involved.

· Analyse the organisational hierarchy given in the case study.

· Determine two (2) internal and two (2) external stakeholders should be involved while determining risks.

· Document the information regarding two (2) internal and two (2) external stakeholders that should be involved using Template 2.

·

Step 2: Use risk management standards established by regulators to identify two (2) risks to the organisation.

Document the risks identified using the Excel sheet provided with this assessment.

·

Step 3: Consult with internal and external stakeholders about the identified risk cluster elements.

· Identify risk cluster elements based on the risks identified and record using the Excel sheet provided with this assessment.

· Gather information about risks identified by stakeholders.

· Consult with internal and external stakeholders about the identified risk cluster elements.

· Clearly describe risks and risk cluster elements to the stakeholders.

· Discuss the impact the identified risks will have on the organisation.

· Gather feedback on the potential risk controls for the identified risks.

· Record the following information using the Excel sheet provided with this assessment.

· Risks

· Risk cluster elements

· Impact of identified risks on the organisation.

· Potential risk controls.

· Record the view of stakeholders using Template 2.

·

Sign off:

Supervisor’s signature:

Sign-off date:

Record of consultation with stakeholders

Information regarding two (2) internal and two (2) external stakeholders

View of stakeholders regarding risks identified (50-100 words)