Using the standard risk management model/process, develop a compliance plan for your current workplace. Please follow the following steps and document each step:
Explain the context in which your workplace is situated
Identify what you consider to be the five most serious risks to the law that you have to deal with
Analyse those risks in terms of likelihood and consequence
Prioritize and assess those risks
Determine and document those risks which need to be treated
Identify appropriate compliance activity to counter those risks
Explain what resources you may need, what controls already exist and what legislative change (if any) would be required
Map how you will assess the effectiveness of your compliance strategies
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