{"id":127,"date":"2018-08-12T09:08:56","date_gmt":"2018-08-12T16:08:56","guid":{"rendered":"https:\/\/homeworknest.com\/blog\/?p=127"},"modified":"2018-08-13T09:14:46","modified_gmt":"2018-08-13T16:14:46","slug":"bsbrsk501-manage-risk","status":"publish","type":"post","link":"https:\/\/www.homeworknest.com\/blog\/bsbrsk501-manage-risk\/","title":{"rendered":"BSBRSK501 Manage risk"},"content":{"rendered":"

BSBRSK501 Manage risk<\/b><\/p>\n

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Activity 6.<\/strong><\/p>\n

Scenerio:<\/p>\n

Nautilus boat is a small family-owned and operated business. It operates from a marina at the month of a major river and has been operating for five years.<\/p>\n

The business is based on:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire of eight aluminium runabouts (tinnies) to youth groups, anglers and tourists<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire of two deep-sea vessels to serious anglers and scuba divers<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire of fishing gear<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Sale of bait and scuba tank refills<\/p>\n

The business is considering an expansion that will include purchase of three houseboats for hire to families and groups of young adults.<\/p>\n

They recently conducted a survey revealing that a significant number of clients are tourist from interstate or overseas. Most clients are once-only hires who have no knowledge of local water and wheather conditions.<\/p>\n

As part of their business planning, the company identified the following risk to the new business offerings:<\/p>\n

1.\u00a0\u00a0\u00a0\u00a0 People who are not strong swimmers, especially children, drowning<\/p>\n

2.\u00a0\u00a0\u00a0\u00a0 Houseboats getting lost and\/driven\u00a0 on to sandbars<\/p>\n

3.\u00a0\u00a0\u00a0\u00a0 Clients finding houseboats difficult to control\u2014resulting in damage the houseboat and\/or land structures when,for example, mooring<\/p>\n

4.\u00a0\u00a0\u00a0\u00a0 Clients being sunburned and dehydrated on hot, sunny days<\/p>\n

Using the information provided, describe the goals, objectives and targtes that nautilus boat hire should include their risk management plan. These are the critical success factors relevant to the safety of the new operation. (350-370)<\/p>\n<\/div>\n

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Summative assessment 1.<\/strong><\/p>\n

Question 1.<\/strong><\/p>\n

You could be expected to outline the purpose and key element of current risk management standards. Where would you find this information and how does it link to AS\/NZS ISO risk management standards? 200 words<\/p>\n

Question 2.<\/strong><\/p>\n

Legislation and regulation from all levels of government will affect various aspect of business operations and the risk management aspect of the business. The impact of legislation and regulation will depend on business operation\/ type of business, the number of staff employed, industry sector and the structure of the business.<\/p>\n

Explain in 200-250words:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Why it is necessary to have a working knowledge of the legislation involved in business<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 What legislation or regulations apply to the industry area in which you work or intend to work\u2014list and give a brief description of eight form of relevant legislation<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 How and from where you sourced this information<\/p>\n

Make as a list of 10 forms of legislation or regulation that could have an impact on risk and that you might have to outline when communicating with employees.<\/p>\n

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Need homework help? Click Here!<\/a><\/figcaption><\/figure>\n

 <\/p>\n

Question 3.<\/strong><\/p>\n

Each organisation should have policies and procedures, grounded in the relevant legislation, in place to support their operations and various functions\/ activities of the business. Risk management plans will relate to the overall operations of the organisation.<\/p>\n

Outline the reasons why business organisation should develop risk management policies, risk registers and processes for managing risk. 250-300 words<\/p>\n

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Need homework help? Click Here!<\/a><\/figcaption><\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BSBRSK501 Manage risk Activity 6. Scenerio: Nautilus boat is a small family-owned and operated business. It operates from a marina at the month of a major river and has been operating for five years. The business is based on: \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire of eight aluminium runabouts (tinnies) to youth groups, anglers and tourists \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hire of … Continue reading BSBRSK501 Manage risk<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12,20,11,16,17,22,6,9,5,18],"class_list":["post-127","post","type-post","status-publish","format-standard","hentry","category-questions-and-answers","tag-business-homework-help","tag-computer-homework-questions","tag-as-seen-on-dissertation-assistance","tag-give-your-grades-a-boost","tag-hire-a-tutor-for-your-homework-needs","tag-homework-answers","tag-homework-help","tag-homework-help-hussle-free","tag-homeworknest","tag-hustle-free-homework-help"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":48,"url":"https:\/\/www.homeworknest.com\/blog\/risk-analysis-homework\/","url_meta":{"origin":127,"position":0},"title":"Risk Analysis Homework","author":"Support","date":"2018-01-11","format":false,"excerpt":"Risk Analysis Homework Every program has risks associated with it.\u00a0 This week, I want you to review your idea and provide a risk analysis.\u00a0 What are the potential risks involved with this program, and what processes can be put in place to manage these risks?\u00a0 One specific risk that I\u2026","rel":"","context":"In "Q & A"","block_context":{"text":"Q & A","link":"https:\/\/www.homeworknest.com\/blog\/category\/questions-and-answers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/homeworknest.com\/blog\/wp-content\/uploads\/2018\/08\/Post-Your-Homework-Homework-Nest-e1534174081622-300x70.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":112,"url":"https:\/\/www.homeworknest.com\/blog\/the-debate-over-climate-change-goal\/","url_meta":{"origin":127,"position":1},"title":"The Debate over Climate Change goal","author":"Support","date":"2018-08-12","format":"image","excerpt":"The Debate over Climate Change goal identify problems issues or consequences with in a body of evidence. analyze problems issues or consequences raised within a body of evidence determine several possible outcomes for a single problems select among possible outcomes for soundness for a single problem Project does not have\u2026","rel":"","context":"In "Q & A"","block_context":{"text":"Q & A","link":"https:\/\/www.homeworknest.com\/blog\/category\/questions-and-answers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/homeworknest.com\/blog\/wp-content\/uploads\/2018\/08\/Post-Your-Homework-Homework-Nest-e1534174081622-300x70.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":33,"url":"https:\/\/www.homeworknest.com\/blog\/how-to-get-the-best-school-homework-help-hassle-free\/","url_meta":{"origin":127,"position":2},"title":"How to get the best school homework help hassle free","author":"Support","date":"2018-07-11","format":false,"excerpt":"[vc_row][vc_column][vc_column_text]How to get the best school homework help hassle free One of the major hurdles that modern students face is class homework tasks; which must be completed for a student to achieve their academic goal in the long run. 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