\fRisk Register Risk - what and how Existing Controls Level of Risk Risk Category Consequence Likelihood can it happen Priority3. As a nal task, you must evaluate how your risk management process went. You should produce a written report to document this. Within your report, you must outline the progress made during the meeting and ensure your report will be relevant to both external and internal stakeholders who have an interest in the process of risk management. The report must include: Detail of the overall objective Details of the risk management action plan Any unresolved risk issues Details of what went well during the meeting Details of where improvement in risk management could he made in the future > > > > > > A summary of the nal outcomes. This activity will enable you to demonstrate the following performance evidence: > Lead at least one risk management process for an organisation or work area. In the course of the above, the candidate must: P Analyse information from a range of sources to identify the scope and context of the risk management process, including: stakeholder analysis political, economic, social, legal, technological and policy context current arrangements objectives and critical success factors for the area including scope risks that may apply to scope Consult and communicate with stakeholders to identify and assess risks, determine appropriate risk treatment actions and priorities and explain the risk management processes Develop and implement an action plan to treat risks Monitor and evaluate the action plan and risk management process Maintain documentation. V 00000 VV'V 2. This activity requires observation. As a roleplay activity, you must lead a business meeting with a small group of your peers who will play the role of relevant stakeholders, and present the action plan your developed in Question 1. During the meeting with the stakeholders, you must: > Demonstrate that you have planned and developed a risk management action plan that you can share with the relevant stakeholders > Demonstrate that you have planned and developed concise content that Is appropriate and relevant > Demonstrate that you have followed any relevant organisational and legislative requirements. During the meeting, you should work in collaboration with your peers, use problem~solving skills to negotiate and resolve any risk challenges that are identified, and acknowledge stakeholder input if necessary. Your meeting should he no longer than 15 minutes. The Assessor Observation Report will outline the criteria you will be assessed on. Answer the activity in as much detail as possible. 1. To complete the following activities, you should choose and refer to a risk that could occur In your industry. You are required to prepare to lead a business meeting with relevant stakeholders. To plan for this meeting, you must prepare a risk treatment action plan to demonstrate that you are able to take the appropriate action when treating 2 business risk using the templates provided When preparing your risk treatment action plan, you must: Outline the risks selected Determine the overall objective Outline tasks required to treat the risk List the resources you will require Determine an appropriate timeframe List the people who will be responsible or involved. VVVVVV a) Complete the Risk Register Template bl Complete the Risk Treatment Schedule and Plan