Swinburne University of Technology

SCM30002 Understanding Risk

Management
Semester 1, 2024

Assessment Title: Assignment 2B Main Report

Assessment Weighting: 35%

Due Date: 6 May 2024 @11.59 pm

Length: 2500 words (does not include table of contents, exec

summary, references, & appendices).

Assessment Type: Individual

Introduction
This assessment asks you to draw on your learnings from the unit to demonstrate
that you can effectively analyse hazard risks and risk responses; use bow-tie
analysis; analyse risk prevention plus cost containment along with mitigation
strategies; understand and formulate business continuity plans and processes;
control for financial risks; and understand the importance of internal organisational
risk culture. Ultimately, you will communicate all of these learnings in the form of your
report. The unit intended learning outcomes (ULO’s) that relate to this assessment
task are:

ULO1 Demonstrate cognisance of different definitions and standards relating to risk

management as well as their related organizational impact;

ULO2 Explain and apply various approaches to risk management and identify
appropriate alternatives;

ULO3 Develop and articulate a range of risk assessments, responses and strategies
appropriate to different types of organisations; and

ULO4 Assess and evaluate risk culture within an organisation, and be able to
recommend appropriate communication and training strategies associated with
organisational risk.
Report task - 40% of the total mark
Assignment 2 report has 3 parts. Part 1 assesses your knowledge about risk responses to
hazard risks using a bow-tie analysis to focus on before, during and after responses. Part 2
evaluates your understanding of concepts regarding the importance of planning regarding
the threat of climate change. Part 3 assesses your analysis of financial hazard risk controls
& how to implement them. You must consider internal culture & how a poor internal culture
leads to internal fraud.
Part 1 (approx. 750 words):
You are the new risk manager based at a university campus called Alpha
University in Victoria. The Alpha University campus located in a rural bush setting
near a large river, and floods are an ongoing major threat to the campus.
 Create a bow-tie diagram (see Fig 16.1, Hopkin 2022, p.184) for the risk
source (ie major flood) and detail in descriptive analysis below your bow-tie
diagram of how you will:
- Prevent flood risks and associated losses before they happen (Loss
prevention);
- Reduce loss or damage during a flood event (Damage limitation); and
- Contain costs after there is a flood (Cost containment).
 Use academic, practitioner or quality expert literature to help justify your above
analyses (minimum 3 references); and
Part 2 (approx. 750 words):
Unfortunately, due to climate change, Alpha University campus now suffers from
many floods due to being near a large river, bushfires due to its rural location, and
dust and pollen storms caused by winds blowing across from dry farmlands in
nearby districts during spring and summer. Many of the teaching staff and students
are nervous about the threat of floods and bushfires. Also due to the dust/pollen
storms, many suffer severe breathing difficulties and asthma attacks. Some
teaching staff find they are unable to teach due to illness because of these
dust/pollen storms. Some students say they don’t know how to evacuate in case of
fire or flood or get medical help in this situation and may decide to leave the
university. It is your job to help out in this situation.
 Identify and analyse three strategies you feel that the university could
consider to combat the increasing effects of climate change; Please refer
to Section 4 of https://www.theirm.org/media/2516912/climate-change-risk-
management-guidance-report.pdf
 Use academic, practitioner or quality expert literature to help justify your above
analyses (minimum 3 references); and
Part 3 (approx. 1,000 words):
It has come to your attention that there has been some internal fraud on-campus at
Alpha University. A staff member in Accounts has been paying money into his own
bank account based on paying false invoices he fraudulently created. There are
many false invoices detailing companies that do not exist for work that was never
done for the university. The fraud was ongoing for the past 3 years and payments
based on these false invoices amount to $40,000 stolen by the staff member.
 What are some of the hazard risk controls specifically related to fraud you
can implement to prevent, correct, direct and detect this type of fraud.
Please provide some detail against each fraud-minimising method you
use. (refer to ‘Hierarchy of Controls for Fraud Risks’ Hopkin 2022, Table 16.2,
p. 183).
 Describe briefly how a poor internal culture related to risk management
may have influenced and led to this fraudulent behaviour (refer to ‘Culture
and Behaviours’ Hopkin 2022, Chapter 25, pp. 286-298).
 Use academic, practitioner or quality expert literature to help justify your above
 analyses (minimum 3 references).

Report guidelines:
- Use Times New Roman 12-point font and 1.5-line spacing
- Use the MS Word default margin (Normal)
- Expected structure and contents are:
 Title page
 Table of contents
 Executive summary:-
This should be a half-page to one-page summary or synopsis of the
most important elements in your Assignment 2. It is usually written so
a senior person in an organisation can read the main content and the
most important findings and features of the report in one page or less.
 Body of the report
 References
 Appendices (only if required)

Referencing
Please re-read the section on referencing in the Unit Outline.

You must use APA style referencing throughout your assessment and include an
accurate reference list. Open the link here for more details on the APA:
https://www.swinburne.edu.au/library/search/referencing-guides/apa-style-guide/

Submission Requirements
• Assessments must be submitted via the Canvas unit site through ‘Turnitin’
• Do not email the assessment to either the convenor or tutor.
• Keep a backup of your submission. If your assessment goes astray, for
whatever reason, you will be required to reproduce it.
• Assignment 2 should be submitted in one single MS Word document.
• A cover page must be included in your submission that presents assessment
title, student number and unit details.
• It is expected that all work submitted has been edited for spelling, grammar
and clarity.
• The word count does not include cover page, table of contents, executive
summary, references or appendices.
Marking Criteria Rubric
Grade / High Distinction Distinction Credit Pass Fail
Criteria 80-100% 70-79% 60-69% 50-59% <50%
Information All questions Some questions Some questions Basic level of Few questions
Literacy: addressed addressed addressed questions addressed in
Ability to find in great depth in depth in some depth addressed in any meaningful
and use and including including including some adequate depth; depth or missing;
present managing all managing all presented Responses are Responses are
information in presented presented information; satisfactory and superficial and
depth. This information; information; Responses are cover the main brief or missing;
includes the Responses are Responses are inconsistently basic elements; Responses
ability to access highly detailed coherent; detailed and Responses indicate a poor
and manage and extremely Responses draw adequate quality; indicate a level of insights
digital data, high quality; some insights Responses draw passable level of through basic or
information, Responses draw through analysis some insights insights through missing analysis
draw insights high quality and largely through analysis basic analysis and and
through insights through construct logical and inconsistently or inconsistently or
analysis, and analysis and and coherent inconsistently partially fail to fail to construct
construct construct logical findings and construct logical construct logical logical and
findings and and coherent outcomes and coherent and coherent coherent findings
outcomes. findings and findings and findings and and outcomes
10pts outcomes outcomes outcomes
Critical Excellent Good analysis, Sound analysis, Basic analysis, Superficial or
literacy: ability analysis, understanding, understanding, understanding, missing analysis,
to reflectively understanding, evaluation and evaluation and evaluation and understanding,
question the evaluation and interpretation. interpretation. interpretation. evaluation and
context and interpretation. Quality of Quality of Quality of interpretation.
analytical Quality of content is well- content is broadly content is Quality of
quality and content is considered. Use acceptable. Use adequate. Use of content is poor.
supporting excellent and use of expert of expert expert supporting use of expert
academic of expert supporting supporting evidence is of a supporting
evidence supporting evidence is of a evidence is of a passable quality. evidence is of a
8pts evidence is of a good quality. fair quality. poor quality.
high quality.
Technology Excellent and Very high quality Good quality of Adequate quality Poor quality of
literacy: the outstanding of bow-tie bow-tie diagram of bow-tie bow-tie diagram
ability to use quality of bow-tie diagram along along with diagram paired paired with
appropriate diagram along with pertinent mainly pertinent with inconsistent inconsistent
technological with pertinent and appropriate and appropriate details and details and
and digital tools and appropriate details and details and analysis analysis
for desired details and analysis analysis
outcomes analysis
6pts
Sustainability: Excellent and Very good and Reasonable Adequate Poor response
Develop outstanding thoughtful response and response and and solution to
solutions and response and response and solution to solution to climate change
measures for solution to solution to climate change climate change challenges related
sustainability climate change climate change challenges related challenges related to business
and challenges related challenges related to business to business continuity
responsible to business to business continuity continuity
leadership continuity continuity
5pts
Judgement: Excellent High quality Reasonable Adequate Poor judgement
The ability to judgement skills judgement skills judgement skills judgement skills skills used for
consider used for used for used for used for understanding,
various, & understanding, understanding, understanding, understanding, analysing and
sometimes analysing and analysing and analysing and analysing and detailing the
contrary pieces detailing the detailing the detailing the detailing the causes of fraud &
of info to make causes of fraud & causes of fraud & causes of fraud & causes of fraud & understanding
logical, ethical, understanding understanding understanding understanding poor
and thoughtful poor poor poor poor organisational
decisions. organisational organisational organisational organisational internal culture
3pts internal culture internal culture internal culture internal culture
Attention to All components Most components Most components Basic Poor structure.
 detail conform to high conform to high conform to Structure. Lack of clarity
3pts academic / academic / acceptable Expressed in and /or lack of
professional professional academic / low academic appropriate
standards & standards & professional / professional referencing.
conventions; conventions; standards & standards. Basic / Report lacks
Excellent Good referencing conventions; missing fluency, has poor
referencing using using APA style. Sound referencing; APA structure, is not
APA style. Report is fluent, referencing style not used internally
Report is highly well-structured usually using consistently. consistent and
fluent, reads and internally APA style. Report lacks arguments are
logically consistent and Report is consistent weak.
structured and is arguments are readable, has fluency, has
internally well-formed. satisfactory adequate
consistent and structure and structure is not
arguments are mostly internally overall internally
very well-formed. consistent and consistent and
arguments are arguments are
adequate. inconsistent or
lack meaning.
Extensions and Late Submission
Please re-read the section on extensions and late submission in the Unit Outline.
You may apply for Special Consideration - if warranted - for late submission.

Plagiarism: Please re-read the section on plagiarism in the Unit Outline.

Technical Help: Contact the Swinburne Service Desk: servicedesk@swin.edu.au

or (03) 9214 5000.

Declaration and Statement of Authorship

All students must agree to the following declaration when submitting assessment
items
1. I/we have not impersonated, or allowed myself/ourselves to be impersonated by
any person for the purposes of this assessment.
2. This assessment is my/our original work and no part of it has been copied from
any other source except where due acknowledgement is made.
3. No part of this assessment has been written for me/us by any other person except
where such collaboration has been authorised by the lecturer/teacher concerned.
4. I/we have not previously submitted this work for a previous attempt of the unit,
another unit or other studies at another institution.
5. I/we give permission for my/our assessment response to be reproduced,
communicated, compared and archived for plagiarism detection, benchmarking or
educational purposes.
I/we understand that:
 Plagiarism is the presentation of the work, idea or creation of another person as
though it is your own. It is a form of cheating and is a very serious academic
offence that may lead to exclusion from the University.
 Plagiarised material may be drawn from published and unpublished written
documents, interpretations, computer software, designs, music, sounds, images,
photographs, and ideas or ideological frameworks gained through working with
another person or in a group.
 Plagiarised material can be drawn from, and presented in, written, graphic and
visual form, including electronic data and oral presentations. Plagiarism occurs
when the origin of the material used is not appropriately cited.
I/we agree and acknowledge that:

1. I/we have read and understood the Declaration and Statement of Authorship
above.
2. I/we accept that use of my Swinburne account to electronically submit this
assessment constitutes my agreement to the Declaration and Statement of
Authorship.
3. If I/we do not agree to the Declaration and Statement of Authorship in this
context, the assessment outcome may not be valid for assessment purposes and
may not be included in my/our aggregate score for this unit.

Penalties for plagiarism range from a formal caution to expulsion from the university, and are detailed in
the Student Academic Misconduct Regulations 2012.