OTHM Level 7 Principles of Risk Management Assignment

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Unit Aims

The aim of this unit is to develop learners’ understanding of legislative frameworks that contributed to design on risk assessment plans in organisations and learn the basics of ISO standards. ISO is a universally recognised international standard that provides principles and guidelines on risk management. These standards provide principles, a framework, and a process for managing risk that can be used by any organisation. The learners will become aware of the principles of the ISO standards.

Learning Outcomes – the learner will:Assessment Criteria – the learner can:
1. Understand risk management principles.1.1  Define risk in an organisational context.

1.2  Explain risk management in an organisational context.

1.3  Evaluate three stage risk management process in an organisational context.

1.4  Assess the importance of effective risk management.

1.5  Critically evaluate five basic methods for risk management

2. Understand key legislation frameworks that influence risk management decision making in an organisation.2.1  Describe five legislative factors that influence health and safety risk assessment considerations.

2.2  Analyse the influence of relevant legislation, legal factors and regulatory bodies on health and safety in an organisation of your choice.

2.3  Evaluate the importance of legislative framework on risk management in your chosen organisation.

3. Evaluate the scope and implications of risk management standards.3.1  Critically evaluate the scope of relevant ISO standards in your chosen organisation.

3.2  Assess the focal points of ISO standards ‘harmonisation’ programmes and its impact on your chosen organisation.

3.3  Examine the application of ISO standards in managing risks in an organisation.

Scenario:

You are employed as a Trainee Operations Manager in a Private Health Care Clinic in London. The company provides health care services to a growing list of private clients. The clinic is planning to open a new branch in Birmingham. The Managing Director has asked you to lead a small team from the office and involve consultants to plan and execute this new branch opening.

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Task 1 of 1: Management Report

The Managing Director has asked you to prepare a report which should reassure the senior management team your capability in dealing with the venture.

To develop your Management Report, you must apply relevant theoretical concepts, models and Principles of Risk Management, relate them with real world examples of given organisational context and critically analyse your arguments and arrive at justifiable recommendations

Instructions:

The following requirements need to be addressed when preparing the report:

Section A (ACs 1.1, 1.2, 1.3, 1.4, 1.5)

  • Define risk in the organisation’s context.
  • Explain risk management in the organisation’s context.
  • Evaluate three stage risk management You should connect it to your organisation’s context.
  • Assess the importance of effective risk management in the organisation’s context.
  • Critically evaluate five basic methods for risk management that you believe will be helpful in your organisation’s context.

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Section B (ACs 2.1, 2.2, 2.3)

  • Describe five legislative factors that influence health and safety risk assessment considerations.
  • Analyse the influence of relevant legislation, legal factors and regulatory bodies on health and safety in the organisation.
  • Evaluate the importance of legislative framework on risk management in the organisation.

Section C (ACs 3.1, 3.2, 3.3, 3.4, 3.5, 3.6)

  • Critically evaluate the scope of relevant ISO standards on the organisation.
  • Assess the focal points of ISO standards ‘harmonisation’ programmes and its impact on the organisation.
  • Examine the application of ISO standards in managing risks in the organisation.

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