Tactical and operational planning acrossnaturecare products

PROJECT
PORTFOLIO

Section 1: Establish risk context

1 Provide a brief overview of the business or organisation you are basing your portfolio on.

The company currently has a small range of products that include:

 Cleansing creams to soothe skin during make-up removal. Primary ingredients include Shea butter to nourish the skin and plants extracts that are also rich in essential oils with regenerating and anti-inflammatory properties. This product will be for delicate and mature skins and could also be used as a baby cream.

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

2.1 What does your chosen risk management process/project involve?

financial management responsibilities;

of risk;

 create an environment where all staff assume responsibility for risk management

2.2 Which departments or work areas are involved in the process?

 the incorporation of risk management into strategic planning, as well as operational and resource management planning processes

 ensure risk management processes are incorporated into the quality assurance and improvement systems of NatureCare Products

Risk management is a delegated line management responsibility. It is the responsibility of all line managers to continually monitor their areas of responsibility to ensure that risks are identified and managed. Line managers should ensure that a contribution is made to NatureCare Products risk management process, on behalf of their areas of responsibility, that identifies risks at all levels.

The sharing of documented responses to risks and knowledge of risk management principles and procedures will be fostered between line managers to ensure consistency across the NatureCare Products.

In addition to the risks that already exist, NatureCare Products is continually exposed to new risks, particularly from the introduction of new activities.

3 Evaluate organisational requirements and standards for managing risk.

 Procurement Policy and Procedures

3.2 Are there any processes you need to follow?

AS/NZS ISO31000:2018 Risk Management Principles and Guidelines 4.2 Do any regulations apply?

AS/NZS ISO31000:2018 Risk Management Principles and Guidelines
4.3 Is there the potential for new laws to be introduced or existing ones to be amended or rescinded?

o NatureCare Products will incorporate risk management into its planning and decision- making processes and it must also be included as a consideration in operational planning as a delegated line management responsibility.

o NatureCare Products staff must implement risk management according to relevant legislative requirements and appropriate risk management standards.

5 List the resources available for you to use as you plan, implement and monitor risk.

5.1 Are template documents available to support your risk management process/project?

 Manager

 CEO

 HR manuals

 Risk register

The objectives of risk management are to:

 provide a structured basis for strategic, tactical and operational planning across

area?

 What could go wrong with the expansion in regard to the business area?

 Line manager

 Staff members

possible risks, helping describe their impact and suggesting ways to prevent or mitigate risks)?

Each employee or other stakeholder throughout NatureCare Products has a role in the risk

follow up remains a delegated line management responsibility. All stakeholders have a significant

role in the management of risk. This role may range from initially identifying and reporting risks

 Security of job

 Safe exit

8.1.1. Explanation of the risk management process or project?

Environmental Officer

 Newsletters

 Emails

8.4 If not already viewed in person by your assessor, attach proof of your invitation to stakeholders

to assist in the identification of risks (e.g. draft email, telephone conversation recording, video

answer this question instead of the questions below.

9.1 What is the political situation like (e.g. unrest, government support of small business,

economies, interest rates, exchange rates, employment rates etc.)?

 Economic growth

 Income distribution

9.4 How are technological advances affecting the business (e.g. internet, RPA, risk control)?

impact risk.

Note: You may choose to use any relevant analysis tool (e.g. SWOT analysis) to answer instead of

The company also doesn’t produce sun screen lotions or creams in a country like Australia where the temperatures are too high in summer.

OPPORTUNITIES
Based on the recent researches regarding the international market, the manager has found that there is a good market in JAPAN;
THREATS
As the marketing manager of this company, I discovered that there are new competitors in the market namely JURILIQUE and BOTANI which produce the same kind of products.

They are sufficient enough to conduct the risk assessment.

10.3 How effective are existing communication mechanisms between management and the workforce?

It is quite huge and well maintained.

10.6 What is the business’ ability to fund or raise funding?

Yes

10.10 List what will be discussed (e.g. identify risks, assess risks, risk treatments, priorities etc.)
Risk identification methods, risk evaluation, treatment of risk etc
10.11 What method and scale will you use to assess the likelihood and severity of the risks?

Risk matrix
10.12 What will guide how you prioritise risk (e.g. risk matrix)?

 Risk of non-compliance

 Financial risk
11.1.2. Identify who may be responsible for the risk.

They wanted to prioritize the risk according to its severity level
11.2 If not already viewed in person by your assessor, attach proof of your stakeholder meeting (e.g. video of meeting etc.).

 Risk of fire: Discussion with staff, meetings, checking previous registers, reviewing policies

 Risk of non-compliance: Discussion with staff, meetings, checking previous registers, reviewing policies

Note: Risk is calculated (likelihood)x(impact).

plan).

16 Implement your action plan and maintain documentation.

16.1 Which step will you implement?

marked the action plan as “done”). If this step cannot be completed in the Project Portfolio, attach proof.

Yes

18 Evaluate your risk management process or project.

Very much satisfied
18.5 Are your selected treatment options still in line with best practice?

Yes
18.6 Is any other risk treatment necessary?

 a summary of the progress of the action plan

 a summary of new risks