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List three critical success factors, goals or objectives that can help achieve good risk
management.

1. Commitment and support from top management

The impact of contingency factors such as top management support, business vision and
external expertise show that top management support influences the success level of the
organizational system.
2, Communication
Communication is an important skill for leaders and top-level management. Effective leaders or
managers who are good at communication can set clear mutual expectations, objectives, and
goals, which also ensures that the team members understand and support not only  the  team
is now but also what they want to be
3, Training
It is inevitable that the success of an organization depends upon its staff or employees. It is
important to ensure that an adequate supply of staff is equipped with the appropriate skills for
special departmental or managerial positions. T

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Write an email to invite a specific stakeholder group to assist in risk identification. Provide
details of the risk area and the requirements that the stakeholder group will need to fulfil.

January 12, 2021

 
Subject: Invitation to the Stakeholders meeting
 
Dear Colleagues:
 
Greetings of Peace!             
 
Your presence is requested at an upcoming discussion regarding risk identification.  This
meeting will be facilitated and is designed to take us through a risk evaluation and
requirements to address and assess with respect to the status of DBJR Company and Co. PTY.
Ltd.
 
Your participation for our Company to contribute to a planning effort designed to identify and
address the following risk:
 

 Review organizational processes, procedures, and

requirements for undertaking risk management in
accordance with current risk management
standards
 Determine scope for the risk management process
 Identify internal and external stakeholders and their
issues

 
 
The meeting will take place on January 23, 2021, at Sydney Auditorium. Please commit to
lending your expertise to this meeting.  If you have any questions, please don’t hesitate to
contact me.  Finally, please let me know if you are able to attend so that I can make appropriate
plans to accommodate everyone. 
 
 
Thank you in advance for your commitment to participate.
 
Domingo Jr, Branguelo
OIC/0424338211
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Choose a scope (or area) of risk management in the workplace and perform a brief research of
the risks that may be involved. List five risks that you have found.

The following are risks identified in DBJR Company and Co. PTY. Ltd.

 Individuals may add features to the product that

were not approved.
 The project team may not identify all the
deliverables, requiring changes later.
 Scope changes may not be processed through the
change control process.
 Requirements may not be properly analyzed and
understood.
 Requirements may not be properly prioritized.
 Traceability of the structure may not be developed
resulting in requirements not being managed
through the design, development, and testing
processes.
 The project team may fail to identify all the activities
required to create the deliverables.

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Name three analysis techniques that you can use to determine the likelihood of risks occurring.
Documentation Reviews
The standard practice to identify risks is reviewing the project related documents such as
lessons learned, articles, organizational process assets, etc.
Information Gathering Techniques
The given techniques are like the techniques used to collect requirements.
Brainstorming
Brainstorming is done with a group of people who focus on identification of risk for the project.

Provide a system of scale that you can use to show the impact of risks.
MITRE SE Roles & Expectations: MITRE systems engineers (SEs) working on government
programs are expected to analyze risks with respect to impact, probability, dependencies, and
timeframes and to prioritize risks to facilitate decision-making by the sponsor or customers.

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What is hierarchy of controls? Provide an example of how you would evaluate and prioritise
risks using a categorisation of risk and/or a risk matrix. Determine what is important to manage
first and the actions that should be taken to do this. Look at the hierarchy of controls, explain
options you would manage these risks.

The hierarchy of control involves the following steps:

1. Elimination – removes the cause of danger

completely.
2. Substitution – controls the hazard by replacing it
with a less risky way to achieve the same outcome.
3. Isolation – separates the hazard from the people at
risk by isolating it.
4. Engineering – using engineering controls, i.e.
making physical changes, to lessen any remaining
risk e.g. redesigns a machine by adding safeguards.
 5. Administration – use administrative controls to
lessen the risk, e.g. install signs, rotate jobs.
6. Personal Protective Equipment (PPE) – require
your employees to wear PPE, e.g. provide gloves,
earplugs, goggles, iridescent vests.

Among the hierarchy mentioned above. Elimination is the best way to control all the hazards,
ultimately completely removing hazards is better than to say “singles out hazards before work
starts”.