Part 2: Business Report (worth 50%)
Part 2 requires you to take the risks you have identified in Part 1, analyse them in a qualitative approach and produce a formal report in the format as shown below.
You should use the data collected in part 1 and be guided by the material provided in the unit (overheads, readings, textbook, etc.) and other readings in developing the report. When put together the whole report should reflect a professional standard and the written parts should be 3,500 words long (not including appendices). Words after 3,500 will NOT BE MARKED.
The report is addressed to someone in a position of authority, i.e. the report is written in a formal manner setting out details as outlined in the report requirements.
Report Layout
This is a management report which will be assessed according to its usefulness to the organisation. The analysis needs to reflect the application of theory to practice. The business report should have the following content/headings:
• Cover: title of report, to whom it is addressed, who has written it, date.
• Background information: a brief overview of the project’s aim, deliverables, success criteria (half a page).
• Executive summary: this summarise the total project. It is neither background information nor an introduction. By reading this summary, the executive is given an overview of the how the analysis was done (approach), what was covered (scope), and what were the main findings and recommendations. This section should be about one page long.
• Recommendations: there should be 2-3 primary recommendations and a number of secondary recommendations for each primary one. Recommendations are derived from the analysis that was completed. They may cover how to organise your risk management as well as be efficient in how resources are applied.
• Analysis: this is the risk analysis process and should follow the approach taught in the unit. It should cover the following topics:
• Aim and Success Criteria for project
• Risk Appetite and Tolerance of the organisation
• Risk Breakdown Structure
• Risk Probabilities applied
• Risk Impacts applied
• Risk Severity Matrix
• Risk Responses
• Risk Register: the final risk register (without the extensive research)
