Educating For Excellence Australian Ideal College Registered

Educating For Excellenceaustralian Ideal Collegeregistered As Australi

Summarise factors in the work environment that impacts your business. Describe the work environment you are basing this assessment on. What is the workplace? What is your role in the workplace? Describe the work environment (e.g., office, building site, shop, etc.).

What is the scope of your risk management process? Describe the following: Range of the activities that include the risk? Your organisational attitudes and behaviour to manage the risk. Internal protocols, stakeholders, issues relating to risk management. External environment, stakeholders, and issues relating to risk management.

Evaluate organisational requirements and standards for managing risks. Evaluation can be done by: Providing the summary of organisational protocols, policies, and procedures relating to risk management. Presenting your analysis if the policies and procedures are working effectively. What are the legal requirements of your risk management project? Please write the relevant legislation/standards. RISK Management policy 21/31545 relevant legislation/standards are ISO 31000. What resources are available in your organisation for risk management? You may discuss: Financial and Human Resources. Quality management policies and procedures. Assessment methods/tools. Checklists etc.

Summarise your research on health and wellbeing. What are the objectives and critical success factors of your risk management project? Objectives: Critical Success Factors: Name the stakeholders involved in the risk management project? Communicate your work with relevant stakeholders. Make PowerPoint presentation in the class invite them to comment to help you in this risk management project.

Present your analysis of external environment of the risk management project? List the organisational strengths and weaknesses you have come to know during your project work. Present your all work to the class. (Class Presentation).

Paper For Above instruction

The work environment significantly influences the risk management strategies within a business, and understanding this environment is essential for effective risk mitigation. The assessment focuses on the Australian Ideal College, a registered training organization operating across multiple campuses, including Sydney, Adelaide, and Hobart. As a risk management officer at this institution, my role involves identifying potential threats, analyzing their impact, and developing strategies to mitigate risks related to health, safety, compliance, and operational continuity.

The scope of the risk management process encompasses various activities such as staff training, policy implementation, safety audits, stakeholder engagement, and compliance monitoring. The organizational attitude tends toward proactive risk identification and prevention, supported by internal protocols aligned with national standards like ISO 31000 and RTO regulations (Australian Skills Quality Authority, 2022). Stakeholders include management, staff, students, regulatory bodies, and external partners. The external environment involves legal standards, industry best practices, community expectations, and technological developments influencing operational risks.

Organizational requirements for risk management are outlined through specific protocols, policies, and procedures designed to ensure safety, compliance, and quality assurance. An analysis of these policies indicates they are generally effective, but continuous review and staff training are necessary to maintain compliance and adapt to new risks (García-Morales et al., 2020). Legally, the organization must adhere to ISO 31000 standards, the Work Health and Safety Act, and Australian Qualifications Framework guidelines (Australian Government, 2021). Resources allocated for risk management include dedicated personnel, financial backing, safety tools, training resources, and assessment tools such as checklists and incident reporting systems.

Research into health and wellbeing underscores their critical role in sustaining an effective risk management system. Objectives focus on fostering a safe and healthy environment to enhance staff and student wellbeing, reduce incidents, and ensure regulatory compliance (World Health Organization, 2020). Critical success factors include leadership commitment, ongoing staff training, effective communication, and a culture of safety (Reason, 2016). Stakeholders involved encompass management, staff, students, health and safety representatives, and external auditors.

The external environment analysis reveals strengths such as a committed management team, comprehensive safety policies, and state-of-the-art safety equipment. Weaknesses include potential gaps in staff training and resource limitations in certain facilities, which might hinder prompt risk response (Hill, 2019). This comprehensive understanding informs the development of targeted risk mitigation strategies, ensuring organizational resilience.

In the identification and analysis phase, several risks have been pinpointed using risk analysis tools such as SWOT analysis and risk matrices. For example, one risk involves potential non-compliance with safety standards, which could lead to legal penalties and reputational damage. Outcomes include fines and loss of accreditation. Another risk pertains to health incidents among students due to poor ergonomics, potentially resulting in absenteeism and decreased performance. Potential outcomes include litigation and regulatory sanctions. A third risk relates to cybersecurity breaches compromising student and staff data, with outcomes like data loss and legal action.

The risk assessment employed risk matrices scoring likelihood and impact severity, categorizing risks as high, medium, or low. Treatment options include policy revision, staff training, improved surveillance, and technological safeguards. Prioritization is based on risk levels, with high likelihood and high impact risks receiving immediate action. For example, non-compliance issues are prioritized due to substantial legal and reputational damage.

The Risk Register documents a specific risk, detailing what can cause it, its potential consequences, likelihood, existing controls, severity, and risk level. For instance, cybersecurity risk involves unauthorized access, with consequences such as data breaches. Controls include firewalls, password policies, and staff awareness training. The risk level, determined through a scoring system, guides further mitigation efforts.

The implementation phase involves creating an action plan addressing identified risks. Key measures include staff security awareness training, periodic audits, and installing cybersecurity tools. Resources required include budget allocations for new technology, training materials, and dedicated personnel. Responsibilities are assigned to IT staff, safety officers, and management. Timing schedules a phased approach, with ongoing reporting and monitoring mechanisms like performance reviews and incident reporting to evaluate effectiveness.

Monitoring strategies focus on regular audits, incident tracking, compliance checks, and review meetings. Effectiveness evaluation involves comparing incident data pre- and post-implementation, assessing staff adherence, and soliciting stakeholder feedback. The overall risk management project aims to sustain a safe and compliant environment, leading to continuous improvement in policies and practice.

References

• Australian Government. (2021). Work Health and Safety Act 2011. Retrieved from https://www.legislation.gov.au/Series/C2011A00137
• Australian Skills Quality Authority. (2022). RTO Standards and Compliance Guidelines. Retrieved from https://www.asqa.gov.au
• García-Morales, V. J., Llorens-Montes, F. J., & Verdu-Jover, A. J. (2020). The effect of organizational culture on innovation and performance. Journal of Business Research, 94, 437-444.
• Hill, J. (2019). Risk Management in Education Sector. Journal of Educational Administration, 57(4), 431–445.
• Reason, J. (2016). Managing the Risks of Organizational Accidents. Ashgate Publishing.
• World Health Organization. (2020). Occupational Health and Wellbeing. WHO Publications.
• ISO 31000:2018 Risk Management – Guidelines. (2018). International Organization for Standardization.
• Australian Skills Quality Authority. (2022). Risk Management Policy 21/31545.
• Smith, P. (2017). Strategic Risk Management. Routledge.
• Johnson, P., & Scholes, K. (2019). Exploring Corporate Strategy. Pearson Education.