Section 1: Establish risk context

1 Provide a brief overview of the business or organisation you are basing your portfolio on.
1.1 What is the name of the business or organisation?

1.2 What is the main focus of the business?

1.3 What role will you assume as you investigate risk for your chosen risk management
process/project?

1. NatureCare Products is an Australian company based in Brisbane. The company

manufactures an ecofriendly, high quality beauty skin care products.
2. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
3. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

2 Determine the scope of your chosen risk management process/project.

2.1 What does your chosen risk management process/project involve?
2.2 Which departments or work areas are involved in the process?
2.3 Are there any risks the business will not manage (for example, staff retention)?

1. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
2. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
3. IT risk will not be managed as business risk as it is a small business and it falls under finance
team.

3 Evaluate organisational requirements and standards for managing risk.

3.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
3.2 Are there any processes you need to follow?
3.3 Attach policies and procedures to this section of your portfolio.
 1. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
safe.
2. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

4 Provide a brief overview of the business or organisation you are basing your portfolio on.
4.1 What is the name of the business or organisation?

4.2 What is the main focus of the business?

4.3 What role will you assume as you investigate risk for your chosen risk management
process/project?

4. NatureCare Products is an Australian company based in Brisbane. The company

manufactures an ecofriendly, high quality beauty skin care products.
5. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
6. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

5 Determine the scope of your chosen risk management process/project.

5.1 What does your chosen risk management process/project involve?
5.2 Which departments or work areas are involved in the process?
5.3 Are there any risks the business will not manage (for example, staff retention)?

4. The process involve the following Identify:

 It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
5. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
6. IT risk will not be managed as business risk as it is a small business and it falls under finance
team.

6 Evaluate organisational requirements and standards for managing risk.

6.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
6.2 Are there any processes you need to follow?
6.3 Attach policies and procedures to this section of your portfolio.

3. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
safe.
4. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

7 Provide a brief overview of the business or organisation you are basing your portfolio on.
7.1 What is the name of the business or organisation?

7.2 What is the main focus of the business?

7.3 What role will you assume as you investigate risk for your chosen risk management
process/project?
 7. NatureCare Products is an Australian company based in Brisbane. The company
manufactures an ecofriendly, high quality beauty skin care products.
8. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
9. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

8 Determine the scope of your chosen risk management process/project.

8.1 What does your chosen risk management process/project involve?
8.2 Which departments or work areas are involved in the process?
8.3 Are there any risks the business will not manage (for example, staff retention)?

7. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
8. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
9. IT risk will not be managed as business risk as it is a small business and it falls under finance
team.

9 Evaluate organisational requirements and standards for managing risk.

9.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
9.2 Are there any processes you need to follow?
9.3 Attach policies and procedures to this section of your portfolio.

5. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
 safe.
6. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

10 Provide a brief overview of the business or organisation you are basing your portfolio on.
10.1 What is the name of the business or organisation?

10.2 What is the main focus of the business?

10.3 What role will you assume as you investigate risk for your chosen risk management
process/project?

10. NatureCare Products is an Australian company based in Brisbane. The company

manufactures an ecofriendly, high quality beauty skin care products.
11. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
12. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

11 Determine the scope of your chosen risk management process/project.

11.1 What does your chosen risk management process/project involve?
11.2 Which departments or work areas are involved in the process?
11.3 Are there any risks the business will not manage (for example, staff retention)?

10. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
11. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
12. IT risk will not be managed as business risk as it is a small business and it falls under finance
 team.

12 Evaluate organisational requirements and standards for managing risk.

12.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
12.2 Are there any processes you need to follow?
12.3 Attach policies and procedures to this section of your portfolio.

7. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
safe.
8. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

13 Provide a brief overview of the business or organisation you are basing your portfolio on.
13.1 What is the name of the business or organisation?

13.2 What is the main focus of the business?

13.3 What role will you assume as you investigate risk for your chosen risk management
process/project?
 13. NatureCare Products is an Australian company based in Brisbane. The company
manufactures an ecofriendly, high quality beauty skin care products.
14. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
15. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

14 Determine the scope of your chosen risk management process/project.

14.1 What does your chosen risk management process/project involve?
14.2 Which departments or work areas are involved in the process?
14.3 Are there any risks the business will not manage (for example, staff retention)?

13. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
14. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
15. IT risk will not be managed as business risk as it is a small business and it falls under finance
team.

15 Evaluate organisational requirements and standards for managing risk.

15.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
15.2 Are there any processes you need to follow?
15.3 Attach policies and procedures to this section of your portfolio.

9. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
 safe.
10. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

16 Provide a brief overview of the business or organisation you are basing your portfolio on.
16.1 What is the name of the business or organisation?

16.2 What is the main focus of the business?

16.3 What role will you assume as you investigate risk for your chosen risk management
process/project?

16. NatureCare Products is an Australian company based in Brisbane. The company

manufactures an ecofriendly, high quality beauty skin care products.
17. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
18. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

17 Determine the scope of your chosen risk management process/project.

17.1 What does your chosen risk management process/project involve?
17.2 Which departments or work areas are involved in the process?
17.3 Are there any risks the business will not manage (for example, staff retention)?

16. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
17. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
18. IT risk will not be managed as business risk as it is a small business and it falls under finance
 team.

18 Evaluate organisational requirements and standards for managing risk.

18.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
18.2 Are there any processes you need to follow?
18.3 Attach policies and procedures to this section of your portfolio.

11. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
safe.
12. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

19 Provide a brief overview of the business or organisation you are basing your portfolio on.
19.1 What is the name of the business or organisation?

19.2 What is the main focus of the business?

19.3 What role will you assume as you investigate risk for your chosen risk management
process/project?
 19. NatureCare Products is an Australian company based in Brisbane. The company
manufactures an ecofriendly, high quality beauty skin care products.
20. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
21. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

20 Determine the scope of your chosen risk management process/project.

20.1 What does your chosen risk management process/project involve?
20.2 Which departments or work areas are involved in the process?
20.3 Are there any risks the business will not manage (for example, staff retention)?

19. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
20. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
21. IT risk will not be managed as business risk as it is a small business and it falls under finance
team.

21 Evaluate organisational requirements and standards for managing risk.

21.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
21.2 Are there any processes you need to follow?
21.3 Attach policies and procedures to this section of your portfolio.

13. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
 safe.
14. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.

Section 1: Establish risk context

22 Provide a brief overview of the business or organisation you are basing your portfolio on.
22.1 What is the name of the business or organisation?

22.2 What is the main focus of the business?

22.3 What role will you assume as you investigate risk for your chosen risk management
process/project?

22. NatureCare Products is an Australian company based in Brisbane. The company

manufactures an ecofriendly, high quality beauty skin care products.
23. The business’s main focus is to manufacture eco-friendly, high quality beauty skin care
products. The company’s strategic objective is to increase its market share by 20% by
establishing a chain of retail outlets in central Sydney, Brisbane and Melbourne within 6
months.
24. Deepa is the Financial Manager of the company who is investigating risk for the risk
management project.

23 Determine the scope of your chosen risk management process/project.

23.1 What does your chosen risk management process/project involve?
23.2 Which departments or work areas are involved in the process?
23.3 Are there any risks the business will not manage (for example, staff retention)?

22. The process involve the following Identify:

It involves in identifying risk involved in the company
 Analyse: Analyse the level of risk
 Control: implement control measure
 Monitor: Monitor those measures.
23. The departments that are involved in the process are Accounts Manager, Marketing Manager,
Marketing Assistant, Sales Manager, four customer service representative, Office manager,
Administration Assistant, Operations Manager, Financial manager, Payroll administrator,
Finance assistant (accounts payable and receivable etc.) as well as the CEO and two
shareholders.
24. IT risk will not be managed as business risk as it is a small business and it falls under finance
 team.

24 Evaluate organisational requirements and standards for managing risk.

24.1 Which organisational policies and procedures provide input on how you approach your
chosen risk management process or project e.g. Risk management, Record keeping etc.?
24.2 Are there any processes you need to follow?
24.3 Attach policies and procedures to this section of your portfolio.

15. Risk Management: To provide information and guidance on risk management. This policy
applies to all NatureCare Products employees.
NatureCare wants to improve and streamline internal and external communications in
order to support the vision and strategic priorities. As a result, we'll keep developing and
testing new communication platforms, channels, and tools to promote information
exchange and cooperation among all employees. This policy must be implemented in a
way that assures adherence to all applicable legal obligations and industry best practises.
NatureCare expects employees to use the channels solely for business reasons and to
follow all applicable policies and procedures, including the Code of Conduct.
Record Keeping: This policy outlines the procedures for creating, preserving, and gaining
access to NatureCare's records. Its goal is to make sure that all records are correct and
safe.
16. The typical risk management process comprises of four steps:
 Risk identification
 Risk analysis
 Risk mitigation
 Monitoring implemented risk control measure.