Assessor Resource

FNSRSK611
Develop and implement risk mitigation plan

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to develop and implement a plan or strategy for treatment of risks in an organisation. It involves applying knowledge of different risk treatment methods.

It applies to individuals with specialised knowledge who use analytical skills and systematic approaches to manage and implement organisational strategies that mitigate risk within their area of responsibility.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

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.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

develop and implement one risk mitigation plan for an organisation.

In the course of the above, the candidate must communicate and consult with appropriate external and internal stakeholders at all stages of risk treatment.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

risk management principles, practices and management tools including policy and procedures

key features and purpose of standards for risk management as indicated by regulators

key requirements of legislation and regulation required to produce the performance evidence

a range of possible treatment options and controls for different types of risk

areas of applicability of treatment options in an organisation

methods of comparing suitability of risk treatment options for particular applications

key indicators for monitoring the success of selected risk mitigation strategies

techniques for management of personnel and stakeholders, including key communication methods.

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

office equipment, technology, software and consumables

legislation, regulations and codes of practice required to produce the performance evidence

standards for risk management as indicated by regulators.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

develop and implement one risk mitigation plan for an organisation.

In the course of the above, the candidate must communicate and consult with appropriate external and internal stakeholders at all stages of risk treatment.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

risk management principles, practices and management tools including policy and procedures

key features and purpose of standards for risk management as indicated by regulators

key requirements of legislation and regulation required to produce the performance evidence

a range of possible treatment options and controls for different types of risk

areas of applicability of treatment options in an organisation

methods of comparing suitability of risk treatment options for particular applications

key indicators for monitoring the success of selected risk mitigation strategies

techniques for management of personnel and stakeholders, including key communication methods.

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

office equipment, technology, software and consumables

legislation, regulations and codes of practice required to produce the performance evidence

standards for risk management as indicated by regulators.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Identify and assess residual risks according to risk appetite 
Determine material risks outside of appetite and assess acceptance according to organisation’s risk acceptance processes 
Identify risk mitigation and treatment options for each risk according to standards for risk management as indicated by regulators 
Quantify implementation time, costs and benefits for each treatment option 
Select risk treatments according to organisational priorities, policy and procedures 
Review treatment priorities and adequacy of existing controls, and establish need for additional or alternative controls 
Identify, document and allocate actions 
Establish budget, timeframes and reporting schedules 
Organise personnel and resources to carry out actions 
Determine indicators of progress and success 
Establish monitoring system to determine effectiveness of treatments 
Maintain records produced by monitoring system 
Review records according to established timeframes 
Liaise with appropriate stakeholders regarding mitigation plan effectiveness 
Determine effectiveness of risk mitigation plan 

Forms

Assessment Cover Sheet

FNSRSK611 - Develop and implement risk mitigation plan
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSRSK611 - Develop and implement risk mitigation plan

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: