Risk Register for A Construction Project Discussion

Focus on Hopkin’s description of the elements of a Risk Register on pages 88-90.  Using the format in Table 7.4 (pp. 93), develop a brief risk register for a business of your choice and attach it to the discussion board.  Be sure to complete all sections (just 1 or 2 points for each). Use the discussion thread to explain your risk register and to provide evidence that supports your entries.

07 establishing the context scope of the context ISO 31000 states that the first stage in the risk management process is to establish the context. The former Australian Standard AS 4360 referred to context as having three components, in addition to the risk management process. These components are the risk management context, internal context and external context. The relationship between the three contexts is illustrated in Figure 7.1. The three components of context may be considered as follows: ● Risk management context has already been described as the risk architecture, strategy and protocols or the risk management framework within the organization. This framework must fulfil two functions: 1) provide support for the risk management process within the organization; and 2) ensure that the outputs from the risk management process are communicated to internal and external stakeholders. ● Internal context refers to the organization itself, the activities it undertakes, the range of skills and capabilities available within the organization, and how it is structured. Internal stakeholders and their expectations are part of the internal context. This may be considered to be the strengths and weaknesses within the organization. ● External context is the environment within which the organization exists. This environment will include consideration of the business sector within which the organization operates, external stakeholders and their expectations and the external financial environment. This may be considered to be the opportunities and threats facing the organization. The nature and extent of the risk management process is a major consideration when establishing the context for risk management. The key question is what the risk management process is expected to achieve or the answer to the question of why the organization has risk management activities in place. The risk management context also includes consideration of who will be responsible and identifies the resources that will be required in order to fulfil risk management activities.

Important information for writing discussion questions and participation

Welcome to class

Hello class and welcome to the class and I will be your instructor for this course. This is a -week course and requires a lot of time commitment, organization, and a high level of dedication. Please use the class syllabus to guide you through all the assignments required for the course. I have also attached the classroom policies to this announcement to know your expectations for this course. Please review this document carefully and ask me any questions if you do. You could email me at any time or send me a message via the “message” icon in halo if you need to contact me. I check my email regularly, so you should get a response within 24 hours. If you have not heard from me within 24 hours and need to contact me urgently, please send a follow up text to

I strongly encourage that you do not wait until the very last minute to complete your assignments. Your assignments in weeks 4 and 5 require early planning as you would need to present a teaching plan and interview a community health provider. I advise you look at the requirements for these assignments at the beginning of the course and plan accordingly. I have posted the YouTube link that explains all the class assignments in detail. It is required that you watch this 32-minute video as the assignments from week 3 through 5 require that you follow the instructions to the letter to succeed. Failure to complete these assignments according to instructions might lead to a zero. After watching the video, please schedule a one-on-one with me to discuss your topic for your project by the second week of class. Use this link to schedule a 15-minute session. Please, call me at the time of your appointment on my number. Please note that I will NOT call you.

Please, be advised I do NOT accept any assignments by email. If you are having technical issues with uploading an assignment, contact the technical department and inform me of the issue. If you have any issues that would prevent you from getting your assignments to me by the deadline, please inform me to request a possible extension. Note that working fulltime or overtime is no excuse for late assignments. There is a 5%-point deduction for every day your assignment is late. This only applies to approved extensions. Late assignments will not be accepted.

If you think you would be needing accommodations due to any reasons, please contact the appropriate department to request accommodations.

Plagiarism is highly prohibited. Please ensure you are citing your sources correctly using APA 7th edition. All assignments including discussion posts should be formatted in APA with the appropriate spacing, font, margin, and indents. Any papers not well formatted would be returned back to you, hence, I advise you review APA formatting style. I have attached a sample paper in APA format and will also post sample discussion responses in subsequent announcements.

Your initial discussion post should be a minimum of 200 words and response posts should be a minimum of 150 words. Be advised that I grade based on quality and not necessarily the number of words you post. A minimum of TWO references should be used for your initial post. For your response post, you do not need references as personal experiences would count as response posts. If you however cite anything from the literature for your response post, it is required that you cite your reference. You should include a minimum of THREE references for papers in this course. Please note that references should be no more than 5 years old except recommended as a resource for the class. Furthermore, for each discussion board question, you need ONE initial substantive response and TWO substantive responses to either your classmates or your instructor for a total of THREE responses. There are TWO discussion questions each week, hence, you need a total minimum of SIX discussion posts for each week. I usually post a discussion question each week. You could also respond to these as it would count towards your required SIX discussion posts for the week.

I understand this is a lot of information to cover in 5 weeks, however, the Bible says in Philippians 4:13 that we can do all things through Christ that strengthens us. Even in times like this, we are encouraged by God’s word that we have that ability in us to succeed with His strength. I pray that each and every one of you receives strength for this course and life generally as we navigate through this pandemic that is shaking our world today. Relax and enjoy the course!

Hi Class,

Please read through the following information on writing a Discussion question response and participation posts.

Contact me if you have any questions.

Important information on Writing a Discussion Question

• Your response needs to be a minimum of 150 words (not including your list of references)
• There needs to be at least TWO references with ONE being a peer reviewed professional journal article.
• Include in-text citations in your response
• Do not include quotes—instead summarize and paraphrase the information
• Follow APA-7th edition
• Points will be deducted if the above is not followed

Participation –replies to your classmates or instructor

• A minimum of 6 responses per week, on at least 3 days of the week.
• Each response needs at least ONE reference with citations—best if it is a peer reviewed journal article
• Each response needs to be at least 75 words in length (does not include your list of references)
• Responses need to be substantive by bringing information to the discussion or further enhance the discussion. Responses of “I agree” or “great post” does not count for the word count.
• Follow APA 7th edition
• Points will be deducted if the above is not followed

• Remember to use and follow APA-7th edition for all weekly assignments, discussion questions, and participation points.
• Here are some helpful links
• The is a great resource

Establishing the context FIg URE 7. 1 Three components of context Architecture Strategy RM process Protocols Another important consideration within the risk management context is the establishment of risk appetite or risk criteria. This will help the organization decide what controls should be put in place and whether the residual or current level of risk is acceptable. The risk management context should also provide a means of establishing the overall total risk exposure so that this can be compared with the risk appetite of the organization and the capacity of the organization to withstand risk. The internal context is about the culture of the organization, the resources that are available, receiving outputs from the risk management process and ensuring that these influence behaviours, and supporting and providing governance of risk and risk management. The internal context concerns objectives, the capacity and capabilities of the organization, as well as the business core processes that are in place. An important consideration regarding the internal context is how the organization makes decisions. 83 Establishing the context The external context is about stakeholder expectations, industry regulations and regulators, the behaviour of competitors and the general economic environment within which the organization operates. The external context also considers the drivers and trends that can affect the success of the organization and its ability to achieve objectives. external context Risk management standard ISO 31000 identifies ‘establish the context’ as the first stage in the risk management process. Establishing the context is a fundamentally important aspect of successful risk management, and it is also identified by other international standards as an essential early stage in implementing a management system standard. For example, quality standard ISO 9001:2015 also identifies context as being part of the strategic planning that an organization must undertake. There are three components to establishing the context for risk management activity, and these are related to the external context, internal context and the risk management context. Establishing the external context must take account of the expectations of external stakeholders. The critical importance of stakeholder expectations is considered in more detail in Chapter 29. For many organizations, the most important group of external stakeholders will be customers. The external context for an organization will be significantly influenced by the nature of the customers and the products or services that they are being offered.