List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions. |
1. | Identify risks and opportunities. | 1.1. | Information on actual and potential risks and opportunities is collected and assessed for currency, accuracy and relevance. |
| 1.2. | Structured plan for identifying and assessing likelihood of risk and opportunity is developed. |
| | 1.3. | Limitations in identifying and assessing risks and opportunities are recognised, and assistance is sought as required. |
2. | Analyse risks and opportunities. | 2.1. | Identified risks and opportunities are analysed for validity and reliability. |
| 2.2. | Assessment criteria for measuring level of potential or existing risk or opportunity, together with an assessment of consequences, are developed according to terms of reference. |
| 2.3. | Gaps in assessment methodology are identified and appropriate actions implemented. |
| 2.4. | Valid and relevant data is analysed against assessment criteria to determine level of potential risk or opportunity. |
3. | Document findings. | 3.1. | Risk and opportunity assessment findings are documented. |
| 3.2. | Feedback on findings is actively sought to ensure accuracy and relevance of information. |
| | 3.3. | Findings are updated as required and incorporated into risk and opportunity assessment plan for future management decision making. |
| | 3.4. | Information is securely maintained with due regard to confidentiality. |
A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.
The person must also identify and analyse potential risks and opportunities to ensure safe and effective property operations.
The person must demonstrate this performance by identifying and analysing three potential risks and three potential opportunities relating to the operations of one property-related organisation. The findings of this work must be documented in a form suitable for presentation to senior managers in the organisation.
In doing the above, the person must:
assess level of potential risk or opportunity against agreed assessment criteria
establish terms of reference and develop effective action plan and structure for analysis and assessment
apply knowledge of organisation’s practices, ethical standards, and legislative requirements associated with identifying and analysing potential risks and opportunities to ensure safe and effective property operations
obtain information from a range of sources and consultative processes to ensure accurate understanding of operating environment
review and prepare findings relating to risks and opportunities in a format suitable for presentation.
A person demonstrating competency in this unit must demonstrate knowledge of:
client and organisational confidentiality requirements
concept of litigation
insurance policies, codes and operations
mechanisms to obtain and analyse feedback on findings of risk and opportunity analysis
principles and techniques for identifying and measuring risks and opportunities
key requirements of federal, state or territory legislation and local government regulations relating to:
anti-discrimination
consumer protection
environmental issues
equal employment opportunity (EEO)
financial probity
franchise and business structures
industrial relations
work health and safety (WHS)
property sales, leasing and management
property industry code of conduct and professional standards
risk and opportunity assessment techniques and processes.
The following must be present and available to learners during assessment activities:
equipment:
computer system with internet, email and printing facilities
specifications:
organisation’s policies and procedures for identifying and assessing risks
procedures for identifying and analysing risks and opportunities
relationship with team members and supervisor:
member of a work team in a property industry context.
Assessor requirements
As a minimum, assessors must satisfy the assessor requirements in the Standards for Registered Training Organisations (RTOs) current at the time of assessment.