Business Case (MSWord document)
- Due Mar 27, 2023 by 21:00
- Points 30
- Submitting an external tool
- Available Feb 28, 2023 at 9:00 - Mar 27, 2023 at 21:00 28 days
The Business Case will be based on an actual business, project or organisation. This case study will be the foundation upon which the risk management plan will be developed in assessment 2. The business case study will describe the business (organisation or project), objectives, structure, stakeholders (internal and external) and market context in which it operates.
This business case must use Section 3 and 4 of AS/NZS ISO 31000:2009 Guiding Principles and Framework to define how the organisation’s vision, objectives, structure, stakeholders and framework may identify and manage organisational or business risks. The framework will include 10 identified risks in the risk register. This assessment is aimed at developing students’ understanding of the organisation or business and its context with regard to the wider community and the identification of a list of risks associated with the organisation.
Even though group collaboration is encouraged, individuals within each group will need to develop their own business case and framework, and submit an individual report based on their proposed business /organisation.
The risk management plan (assessment 2) will be based on their business or organisation defined and described in this assessment, the business case and risk framework. The business case study should be up to a maximum 1500 words (excluding appendices).
Student’s Guidelines for the Business Case
The preparation of the business case is to be completed individually and should cover the following four areas:
- Development of context, internal and external environment for the organisation– needs to be comprehensive;
- Business mission and objectives – needs to show relatedness to organisational and industry issues;
- Framework and all stakeholders; needs to be comprehensive;
- Criteria table and likelihood table across the elements;
- Risks identified – 10 (two from each of five different business framework areas). For each risk you should identify the risk owner, consequence and likelihood, risk score, cause and consequence.
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Risk Business Case Rubric |
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Category/ Grade |
Fail (<50) |
Pass (50-64) |
Credit (65-74) |
Distinction (75-84) |
High Distinction (85+) |
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Overview of case and business objectives |
Has not grasped the Risk Management Concepts in this assignment |
Demonstrates engagement with some Risk Management Concepts in this assignment |
Grasps many of the Risk Management Concepts in this assignment |
Sound grasp of most of the main Risk Management Concepts in this assignment |
Fully grasps all of the main Risk Management Concepts s in this assignment |
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Identify Stakeholders and risks with current environment |
Has no analysis to identify stakeholders and environmental issues |
Has begun to identify stakeholders and environmental issues |
Demonstrates ability to identify stakeholders and environmental issues |
Demonstrates a pronounced ability describe stakeholders and environmental issues |
Demonstrates a pronounced ability to analyse stakeholders , environmental issues and associated risks |
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Integration risk management and developing Risk Framework |
No evidence of engagement with risk frameworks |
Demonstrates limited ability to engage with risk frameworks |
Exhibits engagement with risk frameworks |
Evidences ability to critically integrate risk frameworks |
Demonstrates pronounced ability to integrate and apply risk frameworks |
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Risk register (20%)- use suggested Risk Register based on (ISO 31000:2009) |
Demonstrates no ability develop Risk Register |
Demonstrates ability develop a Risk Register |
Demonstrates ability develop a Risk Register and apply elements from ISO31000 |
Demonstrates pronounced ability develop a Risk Register and apply elements from ISO31000 |
Demonstrates pronounced ability develop a Risk Register apply elements from ISO31000, and develop initial mitigation strategies |
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Contribution to the Learning Community |
Zero or engagement with the topic; no evidence of contribution to the learning community |
Perfunctory engagement with the topic |
Exhibits engagement with the topic and a range of scholarly viewpoints |
Demonstrates ability to engage with a topic in a cognitive and informed way |
Demonstrates pronounced ability to engage with topic |
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Composition- Style, flow and quality of supporting documentation |
Poor spelling and grammar characterize the work |
Many errors in spelling and grammar evidenced in paper |
Some grammatical or spelling errors evidenced in the paper |
Few grammatical or spelling errors are noted in paper |
Consistently uses correct grammar with rare misspellings |
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