Manage Risk: Comprehensive Assessment and Mitigation Strategies

BSBRSK501 – Manage Risk Manage Risk Assessment 1- Case Study Appendix 1: Risk assessment matrix Risk plan This template is used to record identified risks associated with the project, analyse the impact and determine resultant action to be taken. Risk Likelihood (H/M/L) Impact (H/M/L ) Risk response (Contingency strategies) Responsibility Losing data M H Back up information to other's device Steven Meek Losing email M M Back up or send it through other's address Steven Meek Network went down L M Additional limit or extra plans IT department Software out of date M L Get programming update or IT division test and training IT department Risk form Identified risks from the project are logged on a risk form: PROJECT DETAILS

Project Name: Losing data RISK DETAILS Risk/s ID: 123 Risk/s description: A few records, email and notes were effective for most clients yet some were definitely not. Risk/s likelihood: Medium Risk/s impact: High RISK MITIGATION Recommended preventative actions: Back up all information on others gadgets or program, for example, viewpoint, cloud and so on Suggested unforeseen activities: Stakeholders 1. Jenna Pitcher (CIO) 2. Steven Meek (technology services manager) APPROVAL DETAILS Supporting documentation (List): 1. Risk plan 2.Risk log Signature: _______________________ Date: 26/07/2020 Title: Managing Risk Risk log On this template, all issues are treated as risks. They should be recorded when they arise, assigned a number and responsibility, and a recovery strategy or alternate path agreed, acted upon and recorded when closed. Numbe r Issue/risk Priority (rank Agreed management Responsibility (Manage) Stakeholders Communication Plan Monitoring Plan 2

as to impact) strategy 1 Losing data 1 Reinforcement the information to others gadget Project team Steven Meek, Jenna Pitcher By meeting 2 Losing email 3 Reinforcement email from cloud to Outlook Project team Steven Meek, Jenna Pitcher By email 3 Network went down 2 Additional capacity IT Department Steven Meek, Jenna Pitcher By meeting 4 Software out of date 4 Update programming and get IT office to learn and try out the product IT Department Steven Meek, Jenna Pitcher By email 3

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BSBRSK501 Task 1

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