Assignment Task:
Task:
What is this assessment task about?
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Get Help Now!This assessment is a written questionnaire with a mix of objective and subjective questions.
The questionnaire is designed to meet the knowledge required to meet the unit requirements safely and effectively.
The questions focus on the knowledge evidence required for this unit of competency:
project risks in a range of risk categories
key components of a risk management plan
relevant project risk controls
industry sector risk classifications and different risk contexts
organisational and industry standard risk frameworks
project risk-management processes and procedures
characteristics, techniques and applications of quantitative andqualitative risk management techniques and approaches.
Question 1
Identify and list two (2) project risks for each one of the following risk categories.
Risk category Risk
Technological risk
Compliance risk
Operational risk
Financial risk
Schedule risk
Quality risk
Question 2
Select and explain four (4) key components of a risk management plan. (30-50 words/component)
Question 3
Select and outline three (3) project risk control methods. (30-50 words/method) Risk plan component Outline
Question 4
Outline two (2) industry risk classifications for an industry sector of choice and outline how they relate to different risk contexts. Industry of choice: <Add>
Risk classification and outline (30-50 words/risk classification)
Relevance to difference risks contexts (30-50 words/classification)
Question 5
Select an organisation that you are familiar with, or research one, and summarise the organisational and industry standard risk framework. (50-100 words)
Question 6
Select and outline three (3) project risk management processes and procedures. (30-50 words per process/procedures)
Risk management process and procedures
Outline
Question 7
Identify and describe the characteristics, techniques and appropriate applications of quantitative and qualitative risk management techniques and approaches. (50-100 words each)
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