Question

Case study: Mario Williams of A -Four Printing in Melbourne, Australia is planning to start their new office branch in regional Victoria. His risk assessment manager, Sarah Dong is a qualified ISO 9001 auditor. and has worked with Australian Government on quite a lot of similar kinds of projects. Mario has asked. Sarah to perform due diligence and detailed risk analysis and management before suggesting any. branch in the regional Victoria. Sarah knows the importance of reviewing organizational processes and procedures before undertaking risk management according to the current risk management standards. to establish risk context and scope. Considering the set requirements, Sarah has reviewed some. options and shortlisted a few suburbs with better connectivity to public transport, good infrastructure. and skilled workforce. You will assume/take on the role of Sarah Dong, Risk Assessment Manager at A-Four Printing to answer the question.

What steps must you take to establish the risk context? Mention five (5) steps based. upon the above-mentioned case study.

Answer 1

To establish the risk context in the case study, Sarah Dong, the Risk Assessment Manager at A-Four Printing, must take the following five steps: identify the scope, review organizational processes, comply with risk management standards, consider project requirements, and analyze potential risks in the shortlisted suburbs.

Step-by-step explanation:

1. Identify the scope of the risk assessment by determining the specific areas or processes that will be assessed.
2. Review the organizational processes and procedures to understand how they currently manage risks.
3. Identify the relevant risk management standards that should be followed, such as ISO 9001, and ensure compliance with those standards.
4. Consider the specific requirements and objectives of the project, in this case, starting a new office branch in regional Victoria.
5. Analyze the potential risks and vulnerabilities associated with the shortlisted suburbs, such as connectivity to public transport, infrastructure, and availability of a skilled workforce.