Chapter Name: Analyse and Take Action on Risk Reports
Description:Involves assessing and responding to internal and external risk reports.
Purpuse:Ensure continuous monitoring and adaptation to potential threats.
Rational:Timely risk response is essential for continuity and risk containment.
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Analyse the specific situation
Assess current financial standing and resource requirements.
Key Requirement 2: Identify the appropriate processes that must be used
Choose suitable budgeting methods.
Key Requirement 3: Apply the processes and package the findings and
Prepare a comprehensive business budget.
Key Requirement 4: Follow implementation steps and review for improvement
Execute and monitor the budget implementation.
Assessment Questions
Assessment 1 : Observe and evaluate the extent to which the candidate follows the procedural steps and applies the behavioural processes
None
Assessment 2 : Evaluate the level of demonstrated understanding of the theories and concepts that underpin the applied techniques
None