BSBPMG536 Project Portfolio

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Project Portfolio
BSBPMG536
Manage project risk
BSBPMG536
MANAGE PROJECT RISK
___________________________________________________________________________________________________________________
BSBPMG536 Project Portfolio
Version: 1.0
Implemented: 08 Dec 2021
To Be reviewed: 08 Dec 2022 Page 1 of 30
© 2021 RTO Works
_________________________________________________________________________ ABN: 57 169 281
501
______________ E: admissions@sydneymetrocollege.edu.au
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
First published 2021
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Package.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Contents
Section 1: Identify and analyse project risks 6

Section 2: Finalise project risk management plans 10
Section 3: Monitor, respond to and assess project risk management processes 13
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Student name:
Assessor:
Date:
Provide a brief description of Native Bush Australia has been operating its business since years and
your organisation and its has been selling different food products all over Australia
main activities/services
and/or products:
Summarise your Major goal is to assess different types of risks and their controlling
organisation’s broader work measures
goals:
Provide a brief description of I take the responsibility of Risk Consultant and carry out all sort of
your role and responsibilities activities within this department
within your organisation:
Explain of how your role My role can help the organization to adopt and modify marketing
contributes to the strategies for enhancing profit and productivity of the company along
organisation’s broader work with risk exposures and control.
goals:
Project 1 context and team Project 1 related to Risk management plan with team members of 4
members: people
Project 2 context and team Project 2 related to Risk control with team members of 4 people
members:
__________________________________________________________________________________________________________________
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© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Section 1: Identify and analyse project risks
Summarise project risk management processes
Describe Risk management standards are the guidelines that ensure that risks are managed in a proper
applicable way. Various ISO standards related to risk are:
standards
ISO 31000:2009 – It states the principles and guidelines on implementing risk management
related to risk
ISO/IEC 31010:2009 – It spells out the risk assessment techniques
ISO Guide 73:2009 – It gives the vocabulary in risk management
Another relevant risk standard is COSO1
List the The objectives of managing risks are:

objectives
- Identifying the risks faced by the company
related to
managing risk - Determining the ways to measure the identified risks
- Developing mechanisms to monitor risks
- Identifying the ways to minimize and eliminate risks
Summarise The purpose of the risk policies and procedures is to provide the guidance and information
policies and required for risk management. The project risk can be classified as technical risk, scheduling risk,
procedures resource risk, scope risk or deliverable risk. The risks are ranked based on the severity of the risk
relating to and likelihood of the event. Based on these two factors, risks are ranked as extreme, high,
risk, including: moderate, low and very low.
 project The risk review process:

risk
Risk should be reviewed by the risk consultant on a periodic basis. The CEO should regularly
classificat
review the risk of the project. Further, the operational manager should review the risk at the end of
1
https://www.techtarget.com/searchcio/feature/ISO-31000-vs-COSO-Comparing-risk-management-standards
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
ion each project cycle.
criteria
and risk
ranking
system.
 risk
review
processe
s (formal
and
informal)
 templates
Attach proof
of the policies
and
procedures to
this section of
your portfolio
(highlight
applicable
information).
Summarise Native Bush spices aims to streamline and enhance the communication with the internal and
conventions external stakeholders. The internal stakeholders are communicated with the channels such as
and protocols meetings, staff bulletins, staff surveys, Native Bush Spices Australia Intranet and enterprise social
for networks such as Yammer and Facebook. The company is also developing platforms to
communicatin communicate with the external stakeholders. It makes sure that all the legislations are followed
g with internal while communicating with the internal and externals stakeholders.
and external
stakeholders.
Attach proof
of the
requirements
(e.g. policy
and
procedure)
and highlight
applicable
information.
__________________________________________________________________________________________________________________
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© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Describe risk Some of the ways or methods of identify the risks of a project are SWOT analysis, root cause
identification analysis, requirements review and so on. SWOT analysis is an appropriate tool to analyse
methods that strengths, weaknesses, opportunities and threats along with the business risks involved. Root
may be used cause analysis a method which analyses previous project risks, how they relate to each other and
to identify the risks involved in the current project.
project risks
(at least two).
You are required to manage project risk for two separate projects.
PROJECT 1: Web Design project
__________________________________________________________________________________________________________________
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© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Summaris The stakeholder meeting on the web design project was conducted in the initial phase of the project.
e your The meeting was conducted with the internal as well as the external stakeholders. Internal
stakeholde stakeholders consists of CEO and operations manager and the marketing manager, likewise the
r meeting. external stakeholder consist of the outsourcing partner in development of website. The topics of
discussions included what could be the possible risk factors involved in the web design project which
Who did
could lead the project to failure. The risk factors were identified and the CEO and operations manager
you meet
were asked to rate on the two types of risks. The meeting ended with agreeing on the risk consultant to
with?
look into the risks and understand the possibility of legislation changes.
What was
discussed
?
What did
you agree
on?
Unless
already
viewed in
person by
your
assessor,
attach
proof of
your
meeting to
this
section of
the
portfolio.
Identify The risks identified in the projects were:

project
 Underestimation of the time and resources required: One risk factor is that the budgeted costs
risks.
and set timeline could have been underestimated.
Which
 Legislation changes: There is possibility that legislations can be modified in the area of data
additional
protection, privacy and so on which could make it harder to implement the plan as scheduled.
identificati
on method  Cross platform incompatibility: One risks that exists is the chances of incompatibility of website
did you in various platforms
use?
 Lack of user friendliness: There is inherent risk of the website coming out to be less user
List at friendly inhibiting the mass use of website by users.
least four
The additional risk identification method used were:
identified
risks. Swot analysis, and root cause analysis.
Attach
proof of
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
the risk
identificati
on method
used to
this
section of
your
portfolio
(e.g.
screen
shot of
online
group
chat,
survey,
internet
search
results
etc.).
Create a Draft risk management plan and risk register has been created and attached.
draft Risk
Managem
ent Plan
and Risk
Register.
Attach
your draft
Risk
Managem
ent Plan
and Risk
Register to
this
section of
your
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
PROJECT 2: Product Range Expansion
Summaris The stakeholder meeting on the product range expansion in the initial phase of the project. The
e your meeting was conducted with the internal as well as the external stakeholders. Internal stakeholders
stakeholde consists of CEO and operations manager and the marketing manager, likewise the external
r meeting. stakeholder consisted of experts in the related field. The topics of discussions included what could be
the possible risk factors involved in the product range expansion project which could lead the project
Who did
to failure. The risk factors were identified and the CEO and operations manager were asked to rate on
you meet
the two types of risks. The meeting ended with agreeing on the risk consultant to look into the risk,
with?
assess them and come up with the risk management plan.
What was
discussed
?
What did
you agree
on?
__________________________________________________________________________________________________________________
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© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Unless
already
viewed in
person by
your
assessor,
attach
proof of
your
meeting to
this
section of
the
portfolio.
Identify The risks identified in the projects were:

project
 Loss of trade secrets to other firms
risks.
 Underestimation of time required to bring product to market
Which
additional  Unknown product range requirements
identificati
 Chances of the expanded product being irrelevant to current product line
on method
did you  Low quality output
use?
The additional risk identification method used were:
List at
Swot analysis, and root cause analysis.
least four
identified
risks.
Attach
proof of
the risk
identificati
on method
used to
this
section of
your
portfolio
(e.g.
screen
shot of
online
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
group
chat,
survey,
internet
search
results
etc.).
Create a Draft risk management plan and risk register has been created and attached.
draft Risk
Manageme
nt Plan
and Risk
Register.
Attach
your draft
Risk
Managem
ent Plan
and Risk
Register to
this
section of
your
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Attach: Risk policies and procedures ☐
Communication protocols and requirements ☐
Proof of stakeholder meeting (project 1) ☐
Proof of the risk identification methods used if relevant

☐
(project 1)
Risk Management Plan draft (project 1) ☐
Risk Register draft (project 1) ☐
Proof of stakeholder meeting (project 2) ☐
Proof of the risk identification methods used if relevant

☐
(project 2)
Risk Management Plan draft (project 2) ☐
Risk Register draft (project 2) ☐
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Section 2: Finalise project risk management plans
PROJECT 1: Web Design Project
Consult with The two stakeholders consulted were:

at least two
 A key client of the company
stakeholders
.  Company operations manager
Who did you The consultation was done with the client of the company and the operations manager jointly in the
consult with meetings as well as individually in order to take consultations in the risk assessment and
(include a management process.
client and at
The consultations with the client and the operations manager resulted with the insights on the risk
least one
priorities and additional risks involved. The stakeholders suggested that there is risk of change in
internal
data protection legislation which could have a catastrophic impact on the plan. Further the risk
stakeholder)
responsibilities are to be assigned.
?
The draft email has been attached.
How did you
consult?
Summarise
the
outcomes of
your
consultation.
Unless
already
viewed in
person by
your
assessor,
attach proof
of your
consultation
to this
section of
your
portfolio
(e.g. draft
email,
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
recording of
face-to-face
meeting).
Update your The updated risk management plan and risk register has been attached.
draft Risk
Managemen
t Plan (Risk
Register).
Include
outcomes of
the
consultative
process and
allocate risk
responsibiliti
es.
Attach your
updated
Risk
Managemen
t Plan and
Risk
Register to
this section
of your
portfolio.
Implement The Risk Treatment and implementation proof has been attached.
one risk
treatment for
a risk with
high priority.
Attach proof
of your
implemente
d risk
treatment to
this section
of your
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
PROJECT 2: Product range expansion
Consult with The two stakeholders consulted were:

at least two
 A key client of the company
stakeholders
.  Company operations manager
Who did you The consultation was done with the client of the company and the operations manager jointly in the
consult with meetings as well as individually in order to take consultations in the risk assessment and
(include a management process.
client and at
The consultations with the client and the operations manager resulted with the insights on the risk
least one
priorities and additional risks involved. The stakeholders suggested that there other risks involved
internal
as well namely legal challenges, and the risk of being taken advantage of by the partners. Further,
stakeholder)
the risk responsibilities are to be assigned.
?
The draft email has been attached.
How did you
consult?
Summarise
the
outcomes of
your
consultation.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Unless
already
viewed in
person by
your
assessor,
attach proof
of your
consultation
to this
section of
your
portfolio
(e.g. draft
email,
recording of
face-to-face
meeting).
Update your Updated Risk management plan and risk register has been attached
draft Risk
Managemen
t Plan (Risk
Register).
Include
outcomes of
the
consultative
process and
allocate risk
responsibiliti
es.
Attach your
updated
Risk
Managemen
t Plan and
Risk
Register to
this section
of your
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Implement The Risk Treatment and implementation proof has been attached.
one risk
treatment for
a risk with
high priority.
Attach proof
of your
implemente
d risk
treatment to
this section
of your
portfolio.
Attach: Internal and external stakeholder consultation (project 1) ☐
Updated Risk Management Plan (project 1) ☐
Updated Risk Register (project 1) ☐
Proof of implement risk treatment ((project 1) ☐
Internal and external stakeholder consultation (project 2) ☐
Updated Risk Management Plan (project 2) ☐
Updated Risk Register (project 2) ☐
Proof of implement risk treatment ((project 2) ☐
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Section 3: Monitor, respond to and assess project
risk management processes
PROJECT 1: Web Design Project
Monitor The following formal risk monitoring process will be used:

the project
 Monitor the agreed upon risk response plan
risks.
 Track the identified risks
What
formal  Identify and analyse the new risks
process
 Evaluate the risk process effectiveness
will you
use to The informal process used to monitor the risk is having a timely conversation with the web design
monitor partner and the clients regarding the project progress and visiting the company facility to oversee the
the project process and identify the additional risks if any.
risks?
The outcome of the monitoring process was identification and resolution of lack of compliance of risk
What response plan on the coordination of web design team and the end users.
informal
process
will you
use to
monitor
the project
risks?
Summaris
e the
outcomes
of your
monitoring
processes
(include at
least one
change in
the risk
environme
nt).
Unless
already
viewed in
person by
your
assessor,
attach
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
proof of
your
formal and
informal
monitoring
to this
section of
your
portfolio
(e.g. photo
of you
reviewing
the project
schedule,
survey
etc.).
Respond The risk controls and treatments are effective to a great extent but slightly inefficient. After the
to the monitoring of the process, there has been interactions between the web design team and the clients.
changed However, there is not a proper procedure developed for the client and web design team interaction.
environme
I will respond by providing suggestion to the appropriate parties in order to create an environment and
nt.
procedure for the web design team and the clients to work together.
Are the
current This response will be implemented by having a discussion with the company CEO regarding the
risk
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
controls arrangement for clients and the Web design team to have coordination.
and
Email has been attached
treatments
effective Modified Risk register has been attached
and
efficient?
How will
you
respond to
the
changed
environme
nt?
How will
you
implement
one
response?
Attach
proof of
how you
implement
ed one
risk
response
(e.g. email
appropriat
e staff
member to
take
action,
update the
project
schedule
etc).
Attach
your
modified
Risk
Managem
ent Plan
(Risk
Register)
to this
section of
your
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
portfolio.
Review The project and risk management process outcome was that a user friendly draft website was
outcomes developed.
of the
The risk management issue faced was the challenges in making the clients and web design team
project and
work together, the challenge for web design team to bring changes stated by the clients and
its risk
communication barrier between the clients and the web design team.
managem
ent The risk management processes were effective to a great extent. It allowed to proceed in the plan in
processes. the stated time, properly estimate the resources required, and develop user friendly website.
What were For the future risk management process, the past activities of the company and the other companies
the project in the industry can be studied.
outcomes
?
What risk
managem
ent issues
were
faced?
How
effective
were the
risk
managem
ent
processes
and
procedure
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
s?
What
recommen
dations
can you
make for
future risk
managem
ent
processes
?
Develop One recommended improvement in could be modifying the risk management procedure which will
one include a formal process to study the past company activities and the relevant activities of the other
recommen companies in the industry in order to appropriately assess the risk.
ded
improveme
nt for
future use.
Attach the
developed
improvem
ent to this
section of
the
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
PROJECT 2: Product expansion Project
Monitor the The following formal risk monitoring process will be used:
__________________________________________________________________________________________________________________
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© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
project risks  Monitor the agreed upon risk response plan
What formal  Track the identified risks
process will
 Identify and analyse the new risks
you use to
monitor the  Evaluate the risk process effectiveness
project risks?
The informal process used to monitor the risk is having a timely conversation with the operations
What informal manager and marketing manager and visiting the facility to oversee the process and identify the
process will additional risks if any.
you use to
The outcome of the monitoring process was identification and resolution of lack of compliance of
monitor the
risk response plan on the coordination of marketing manager and the operational manager.
project risks?
Summarise
the outcomes
of your
monitoring
processes
(include at
least one
change in the
risk
environment).
Unless
already
viewed in
person by
your assessor,
attach proof of
your formal
and informal
monitoring to
this section of
your portfolio
(e.g. photo of
you reviewing
the project
schedule,
survey etc.).
Respond to The risk controls and treatments are effective to a great extent but slightly inefficient. After the
the changed monitoring of the process, there has been interactions between the operation manager and web
environment design manager. However, there has been some communication and coordination barrier
between the two departments.
Are the
current risk I will respond by providing suggestion to the appropriate parties in order to create an environment
controls and and procedure for the marketing team and the operations team.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
treatments This response will be implemented by having a discussion with the company CEO regarding the
effective and arrangement for the marketing and operations team to coordinate well.
efficient?
Email has been attached
How will you
Modified Risk register has been attached
respond to the
changed
environment?
How will you
implement
one
response?
Attach proof of
how you
implemented
one risk
response (e.g.
email
appropriate
staff member
to take action,
update the
project
schedule etc).
Attach your
modified Risk
Management
Plan (Risk
Register) to
this section of
your portfolio.
Review The project and risk management process outcome was that the coordinated team worked
outcomes of together in order to implement the quality assurance process.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
the project The risk management issue faced was the challenges in making the marketing and operations
and its risk manager coordinate, the challenge faced was that there was inability to understand the
management operational and design aspects communicated by each other in the limited interactions.
processes.
The risk management processes were effective to a great extent. It allowed to ensure the safety of
What were the trade secret and quality assurance of the product.
project
For the future risk management process, the past activities of the company and the other
outcomes?
companies in the industry can be studied.
What risk
management
issues were
faced?
How effective
were the risk
management
processes and
procedures?
What
recommendati
ons can you
make for
future risk
management
processes?
Develop one One recommended improvement in could be modifying the risk management procedure which will
recommended include a formal process to study the past company activities and the relevant activities of the
improvement other companies in the industry in order to appropriately assess the risk.
for future use.
Attach the
developed
improvement
to this section
of the
portfolio.
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Attach: Proof of formal monitoring process (project 1) ☐
Proof of informal monitoring process (project 1) ☐
__________________________________________________________________________________________________________________
Version: 1.0
© 2021 RTO Works
_______________________________________________________________________________________
ABN: 57 169 281
501
W:
Surry Hills NSW 2010 T: 02 8937 0991

Melbourne VIC 3000
T: 03 0 9077 0758
Proof of implemented risk response (project 1) ☐
Modified Risk Management Plan (project 1) ☐
Modified Risk Register (project 1) ☐
Risk Response Plan template ☐
Proof of formal monitoring process (project 2) ☐
Proof of informal monitoring process (project 2) ☐
Proof of implemented risk response (project 2) ☐
Modified Risk Management Plan (project 2) ☐
Modified Risk Register (project 2) ☐
Risk Management Communication Plan template (project

☐
2)
__________________________________________________________________________________________________________________
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BSBPMG536 Project Portfolio

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BSBPMG536 Project Portfolio

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_______________________________________________________________________________________

ABN: 57 169 281

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

First published 2021

0452 157 557

© 2021 RTO Works

Surry Hills NSW 2010 T: 02 8937 0991

Section 1: Identify and analyse project risks 6

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

Section 1: Identify and analyse project risks

Summarise project risk management processes

List the The objectives of managing risks are:

- Developing mechanisms to monitor risks

- Identifying the ways to minimize and eliminate risks

 project The risk review process:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

PROJECT 1: Web Design project

Surry Hills NSW 2010 T: 02 8937 0991

Identify The risks identified in the projects were:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

PROJECT 2: Product Range Expansion

Surry Hills NSW 2010 T: 02 8937 0991

Identify The risks identified in the projects were:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

Attach: Risk policies and procedures ☐

Communication protocols and requirements ☐

Proof of stakeholder meeting (project 1) ☐

Proof of the risk identification methods used if relevant

Risk Management Plan draft (project 1) ☐

Risk Register draft (project 1) ☐

Proof of stakeholder meeting (project 2) ☐

Proof of the risk identification methods used if relevant

Risk Management Plan draft (project 2) ☐

Risk Register draft (project 2) ☐

Surry Hills NSW 2010 T: 02 8937 0991

Section 2: Finalise project risk management plans

PROJECT 1: Web Design Project

Consult with The two stakeholders consulted were:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

PROJECT 2: Product range expansion

Consult with The two stakeholders consulted were:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

Attach: Internal and external stakeholder consultation (project 1) ☐

Updated Risk Management Plan (project 1) ☐

Updated Risk Register (project 1) ☐

Proof of implement risk treatment ((project 1) ☐

Internal and external stakeholder consultation (project 2) ☐

Updated Risk Management Plan (project 2) ☐

Updated Risk Register (project 2) ☐

Proof of implement risk treatment ((project 2) ☐

Surry Hills NSW 2010 T: 02 8937 0991

PROJECT 1: Web Design Project

Monitor The following formal risk monitoring process will be used:

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991

Surry Hills NSW 2010 T: 02 8937 0991