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Elements and Performance Criteria

1. Survey climate and enterprise data
   • Obtain and interpret historical climate data from a range of sources
   • Identify weather and climate risk factors
   • Collect information on normal and significant climate events and their impact on natural and rural systems
   • Detail current and historical property and enterprise production
   • Review short and long term enterprise goals to ensure they fit within climatic constraints
   • Source, present and update climate and enterprise data according to enterprise requirements
2. Climate risks and opportunities are identified and analysed
   • Analyse forecasted changes of seasonal climate
   • Identify climate risks and opportunities
   • Determine impact on production of different weather and climate risk factors according to enterprise requirements
   • Identify and develop qualitative and quantitative risk and opportunity factors
   • Evaluate importance of climate variability and significant climate events
   • Outline tactics to address a range of different climate variability risks and opportunities
   • Identify contingency options for enterprises and the business
3. Prepare climate risk management strategies
   • Analyse climate variability and seasonal climate forecasts
   • Address insurance and other options in business strategies
   • Address major climate risk factors in business strategies
   • Prepare financial outcomes for all strategies according to enterprise guidelines
   • Predict impacts on the environment, property value and equity for the preferred strategies
   • Review preferred production, enterprise or alternative strategies and select options according to enterprise requirements
   • Present a planned strategy to cope with variable climate and climate risk management

Range Statement

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Performance Evidence

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

research, analyse and interpret climate and enterprise data

prepare risk management strategies

integrate climate risk with opportunities and management strategies at a business management level

implement enterprise sustainability policies.

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Knowledge Evidence

The candidate must demonstrate knowledge of:

current forecasting techniques and phenomena, such as El Nino, ENSO, Southern Oscillation Index (SOI) and Pacific and Indian Ocean SST patterns

impact of weather and climate on business activities

causes of general patterns of weather and climate over Australia

climate variability and climate change

direct and indirect impacts of climate variability on land management and sustainability

property and enterprise management decisions affected by the variable climate

recognition of climate risks and opportunities

seasonal climate forecasting systems and related indicators

natural disaster planning

climate and weather issues pertaining to sustainable agriculture

potential impacts of greenhouse warming on land and natural resource management

strategic options and planning in response to climate variability for a range of seasons (normal, drier or wetter than normal), and other risks and opportunities

calculating financial returns for different strategic options

computer applications and Internet to access, record and analyse data

principles of decision-making based on the variable climate and seasonal climate forecasts.

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