Bsbrsk501

• Subject Code : BSBRSK501
• University :
• Subject Name: risk management

Assessment Task 1 - Manage Risk Provide a short definition of risk as identified in the Australia/New Zealand Standard for Risk Management (AS/NZS ISO 31000:2009). Risk is a chance that occurs at any point in time and has a negative impact on the things that are directly or indirectly associated with it. In other words, risk can also be defined as an effect of uncertainty in a project or service or an event organized by the organizatio…

• Subject Code : BSBRSK501
• University :
• Subject Name: risk management

Risk management Plan Introduction Risk management refers to the recognition and evaluation of the risks that can impact an organisation and affects the future opportunities (The economic times. 2019). Forecasting of the risks and minimising the impact of uncertain events or situations is the risk management. This study aims at analysing an effective risk management plan for SmarTech. The risk management plan helps in availing beneficial opp…