Thinking Styles Drop-In Session MBA402 Governance, Ethics and Sustainability Assessment 3 You are required to watch the following YouTube clips: 1. The GRI Sustainability Reporting Standards: The...

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please Refer to the marking rubric at the end of this document for the marks allocated to each part.


Thinking Styles Drop-In Session MBA402 Governance, Ethics and Sustainability Assessment 3 You are required to watch the following YouTube clips: 1. The GRI Sustainability Reporting Standards: The Future of Reporting https://www.youtube.com/watch?v=AGqE4OO0_7g&t=3s 2. Introducing the GRI Standards https://www.youtube.com/watch?v=RDe8Kkh1BrU&t=2s 3. How to use a Risk assessment matrix: https://www.youtube.com/watch?v=-E-jfcoR2W0 You must also read the Message from the CEO of fictional company Tactical Group. You must then prepare a risk assessment and sustainability assessment report for Tactical Group. Assessment 3 You must prepare a risk assessment and sustainability report for Tactical Group referring to the Risk Matrix and Consolidated Set of GRI Sustainability Reporting Standards 2016 that specifically addresses: Part A: Risk Assessment Identify the risk being addressed by the action being taken by the company and Classify and justify each action according to the four major categories of risk: Avoidance (eliminate, withdraw from) Reduction (optimise – mitigate) Sharing (transfer – outsource or insure) Retention (accept and budget Assessment 3 Part B: Sustainability Assessment B1. Economic sustainability i) Disclosure 201-4 Financial assistance received from the government ii) Disclosure 203-1 Infrastructure Investments and services supported iii) Disclosure 204-1 Proportion of spending on local suppliers B.2. Environmental sustainability Disclosure 301-1 Materials used by weight or volume Disclosure 301-2 Recycled input materials used Disclosure 306-3 Significant spills B.3. Social sustainability Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labour Disclosure 412-2 Employee training on human rights policies or procedures iii) Disclosure 417-3 Incidents of non-compliance concerning marketing communications 4 Knowledge used for this assessment Risk matrix and risk management techniques GRI Standards See the following slides… Risk Assessment Matrix NegligibleMarginalSeriousCritical CertainHighHighExtremeExtreme LikelyModerateHighHighExtreme PossibleLowModerateHighExtreme UnlikelyLowLowModerateExtreme RareLowLowModerateHigh 6 Risk Management (An example from the lecture note, NOT for Assessment 3) Scenario Risk assessmentAction takenRisk management A bank wishes to broaden its products to include derivatives. A business plan identifies the proposal as being very high High severity, medium likelihood. =>High riskStop implementing the proposal.Avoidance Proposal abandoned NB: Academic writing should be used in your report. I highlighted some key points in the table only. What is a sustainability assessment report using GRI Standards 2016? A sustainability report is a report published by a company or organization about the economic, environmental and social impacts caused by its everyday activities.  A sustainability report is the key platform for communicating sustainability performance and impacts – whether positive or negative. What is a sustainability assessment report using GRI Standards? The GRI Standards create a common language for organizations – large or small, private or public – to report on their sustainability impacts in a consistent and credible way. The GRI Standards 2016 contains the set of 36 GRI Sustainability Reporting Standards (covering economic, environmental and social topics) published in 2016. Note: This Assessment requires you to report for 9 material topics only. 9 Analysis of the assessment requirement You have been asked to produce a particular document on behalf of the (fictional) company named in the Case Study document. The Case Study document provides the information you will require, to assess risk and manage those risks, AND in-fill the fields of the various ‘material topics’ to be covered in the report. It is highly likely that most incidents mentioned in the Case Study will best fit just ONE of the 9 material topics provided for Assessment 3. 10 Analysis of the assessment requirement Everything you put into the report, should be designed to place the company in as good a light as possible. The document admits where an unfortunate incident occurred under a material topic heading. However, you should not dwell on the bad things, simply state them, and go on to explain the Management Approach to such topics. This includes any special steps taken by the company to correct the problem; plus standard company procedures and policies that are in place to deal with such issues. Usual rules of report writing apply. Language should be impersonal throughout. No use of first-person language (I, me, we) or of second person language (you). 11 Proposed structure of your report Your assignment should have a report-like structure: Overview (if using): Briefly state that this is the Risk and Management and GRI Sustainability Report for Company X (name case study company). Use a few sentences to describe the main business and market for the company. (Alternatively, place this information at the end of the Introduction, below). Table of Contents (provide at your own discretion, if desired), Note that doing this will automatically raise your Turnitin score. Introduction Body section Conclusion Introduction [Any report introduction generally includes some Background information to provide context for what follows. There should be a section that mentions Methodology. This means the methods taken to gather information, and to analyse it.] Background: Provide a short discussion (1-2 short paragraphs) that mentions the risks as integrated part of any business and three varieties of sustainability impacting a business. Use these paragraphs to show that you have been doing reading on the topic of Risk Management and Sustainability. Provide some reasons why modern businesses should care about their sustainability record, and why they should decide to provide a Sustainability report. [What you write here allows you to use some in-text referencing, to demonstrate background reading undertaken for this assessment.] Introduction Methodology: Provide a short (1-2 paragraph) discussion of the Risk Matrix/ Risk management techniques AND GRI reporting standards. Support the discussion using in-text citations, to show your background reading on GRI reporting. [Your methodology should mention the GRI Global reporting standards for Sustainability; what they are and why they are used. You might choose to list the 9 material topics for your report – or leave this to emerge across the report]. Body section: Part A_Risk Assessment Provide a short paragraph discussing the risks identified from the Case study and how they are managed by the Company. You might include the tables of Risk Matrix (as aforementioned) in the Appendix. For Risk Management techniques: If you don’t want to use the tables, you can write in form of paragraphs. You might not identify up to 4 or more risks, so it is not necessary that all 4 techniques of risk management must be used. Still, the rule of thumb is THE MORE, THE MERRIER. Body section: Part B_Sustainability The main portion of Part B of your report should be divided across three sections, one section for each type of sustainability covered: Economic Sustainability Provide a short paragraph discussing the notion of Economic Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Next: describe a relevant case study fact against each of the three material topics you were given: Body section: (1) Economic sustainability i) Disclosure 201-4 Financial assistance received from the government ii) Disclosure 203-1 Infrastructure Investments and services supported iii) Disclosure 204-1 Proportion of spending on local suppliers Also provide some description of the Management Approach to the issue. This can include: Existing company documentation that relates to the topic; Particular initiatives or actions the company has undertaken, in response to the reported event(s) Body section: (1) Economic sustainability Material TopicDescriptionManagement Approach Disclosure 201-4 Financial assistance received from the government  Provide a simple, short, narrative account of what happened at Tactical Group Provide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 203-1 Infrastructure investments and services supplied       Disclosure 204-1 Proportion of spending on local suppliers       This portion of your report could be conducted in tabular form. Something like: Body section: (2) Environmental sustainability Provide a short paragraph discussing the notion of Environmental Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Then: cover material topics and management approach 19 Body section: (2) Environmental sustainability Material TopicDescriptionManagement Approach Disclosure 301-1 Materials used by weight or volume  Provide a simple, short, narrative account of what happened at Tactical GroupProvide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 301-2 Recycled input materials used       Disclosure 306-3 Significant spills       Body section: (3) Social sustainability Provide a short paragraph discussing the notion of Social Sustainability: what it is, and the sorts of issues a company might confront under this heading. Use in-text citations to demonstrate your own research into this topic. Then: cover material topics and management approach 21 Body section: (3) Social sustainability Material TopicDescriptionManagement Approach Disclosure 408-1 Operations and suppliers at significant risk for incidents of child labour  Provide a simple, short, narrative account of what happened at Tactical Group.Provide a narrative description about how the organisation manages its material topics and their related impacts. Disclosure 412-2 Employee training on human rights policies or procedures   Disclosure 417-3 Incidents of non-compliance concerning marketing communications      Conclusion Make a few closing statements about the sorts of issues faced by the company in the current reporting period. End by stating that the Company looks forward to providing a more positive GRI report for the next reporting period. References You list the sources (at least 5 of a properly ‘academic’ nature) that you consulted when writing your assignment. Note: Further access to study resources and skills (library, referencing, and other study support) could be found at https://elearning.kbs.edu.au/course/view.php?id=1481 Word allocation While you can be flexible in word allocation, it is recommended you allocate approximately 30% and 70% for Part A and Part B respectively. (or 25% vs 75% or 35% vs 65%). In Part B: Some disclosures might require more words than others, so word allocation can be relatively lenient among the 9 material topics. W10_L_Risk_Management_V1_MBA402_T1_2020 Risk Management Week 10 Workshop MBA402 Governance, Ethics and Sustainability COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (the Act). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. 2 High Stakes Dice Play Video https://youtu.be/BkDbHDCD_Hk https://youtu.be/BkDbHDCD_Hk https://youtu.be/BkDbHDCD_Hk • What does French mathematician Blaise Pascal mean when he says: Small Group Discussion We sail in a vast sphere, ever drifting in uncertainty, driven from end to end. • In groups, determine a fair allocation of the prize money between Luca and Leonardo. Luca Pacioli, Franciscan friar and mathematician, has a problem. He and his friend Leonardo Da Vinci are playing a game of dice in the convent courtyard. The victor after five rounds of dice will win 10 florins. After three games Leonardo has won one round and Luca has won two.
Answered 2 days AfterJun 15, 2021MBA402

Answer To: Thinking Styles Drop-In Session MBA402 Governance, Ethics and Sustainability Assessment 3 You are...

Mohd answered on Jun 18 2021
139 Votes
Assessments of risk:
Business risks include various kinds of risks like a threat of new entrants, pickpocketing, critical information leak, operational rework, executive level and risks and uncertainty from catastrophe. 
Therefore, every project manager should have a process to monitor and evaluate its current risk levels and develop procedural solutions to minimize the risks.
The Aim of risk identification is to reduce uncertainty in order to minimize risk associated with a particular project. Once risks have been identified, a project
manager tries to visualise and critically evaluate the impact on the project during the project life cycle. If one is aware of the project risks; it enhances the probability of success of the project.
Risk identification also provides statistics for the succeeding step for the process of managing the risk: that is risk analysis.
Process for identification of risk-
Process for identification of risk should include the following steps:
1.      Creating a systematic process for risk identification- The risk identification process should begin with identification of project objectives and success factors.
2.      Information gathering – One needs to gather reliable and high-quality information for effective risk management.
3.      Apply risk identification tools and techniques - The choice of the best suitable techniques will depend on the types of risks and activities, and organizational maturity.
4.      Prior occurred risk documentation – The risks identified should record in a risk register followed by breakdown structure of risk.
5.      Risk identification process documentation - To bring improvement in the risk identification process and also make the process easy for future projects, it is important to record the approach, participants, and scope of the process.
6.      Assess the effectiveness of the process – It is necessary to analyse the effectiveness of the chosen process.
TOOL USED for Risk Identification: 
 
Risk Prioritization-This helps to rank the risks from most critical risk to least critical risk. Different qualitative and quantitative techniques are used for Risk Impact Assessment and prioritization.
See below for an example: 
RISK IMPACT MATRIX
 
    RISK
    Likelihood
    Impact
    Risk Score
    Control *(response)
    Effective? **
     Increase in negative financial float(C1)
    5
    2
    10
    Send reminders
     
    Project manager left the organization(C2)
    3
    3
    09
    Comm-n
     
    Supplier market penetrated by new supplier (S1)
    1
    5
    05
    ?
     
    Entry of low-cost competitor in the market (E1)
    4
    5
    20
     
     
    Increase in material cost
    2
    2
    04
     
     
    Vhigh
    E1
    C1
     
     
     
    High
     
     
     
     
     
    Mod
     
     
    C2
     
     
    Low
     
     
     
     
     
    Vlow
     
     
     
     
     
     
    rare
    occs
    sfre
    freq
    vfre
 
Risk Response Development-
This creates key choices and decides activity to improve openings and diminish risk associated with project completions.
The obligation of each risk assessment reaction ought to be relegated to the individual from the undertaking group.
The risk mitigation system for dangers is: Avoid-Try to kill the reason for chance and hence dispose of the danger
Relieve All dangers can't be eliminated. Attempt to diminish the effect and consequently alleviate the danger. Move Try to move hazard to another gathering; like in protection buy or guarantee or assurance the danger reaction technique for a promising circumstance is: Exploit-Add work or change the work so openings happen. Upgrade Increase possibility of positive effect
Offer Give responsibility for to an outsider
Acknowledge An aloof acknowledgment implies what move would be made is left to the opportunity or event of hazard. A functioning acknowledgment implies conceiving an emergency course of action which would be completed on the off chance that hazard happens.
Dangers can be classified into two gatherings as indicated by the idea of the dangers, i.e., outside, and inward dangers. Dangers have additionally been arranged into six gatherings nearby, worldwide, monetary, physical, political, and innovative change. Most basic approaches to order the development hazards are into four gatherings: they are being-specialized, outer, hierarchical, and project the board chances.
Specialized Risks: Technical dangers could be configuration measure chances, development hazards and ecological dangers.
Configuration Process-Owner contribution in plan, Inadequate and complete plan, Errors in consummation of primary or establishment, Design mistakes and oversight, Design measure takes longer, Client demands change in plan, Failure to do work as per contract are a portion of the plan hazards. Monitoring an environmental equilibrium by keeping away from consumption of normal assets Capability of being kept up at a consistent level without debilitating regular assets or causing extreme natural harm
An always more prominent number of organizations and different associations are perceiving the need to make their tasks more manageable. The legislatures, stock trades, markets, financial backers, and society everywhere are approaching organizations to be straightforward about their supportability objectives, execution and effects.
Manageability reporting Sustainability announcing is the act of assessing, inaugurating, and being accountable to interior and outside associates for hierarchical...
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