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Elements and Performance Criteria

  1. Assist with risk analysis and planning
  2. Conduct risk control activities
  3. Contribute to assessing risk management outcomes

Evidence Required

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential

application of risk management techniques in relation to multiple complex projects

knowledge of risk management methods techniques and tools

Context of and specific resources for assessment

Assessment must ensure

access to examples of project management documentation for risk management

Method of assessment

A range of assessment methods should be used to assess practical skill and knowledge The following assessment methods are appropriate for this unit

direct questioning combined with review of portfolios of evidence and third party workplace reports of onthejob performance by the candidate

analysis of responses addressing case studies and scenarios which present issues and problems in project risk management

oral or written questioning to assess knowledge of strategies for managing project risk and their application to different situations

review of risk analysis methods techniques and tools

review of risk management plans

evaluation of reporting of risk management issues and responses

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended for example

other units from the Certificate IV in Project Management

Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Delegated authority means:

subject to frequent change in a multi-disciplinary environment

under limited guidance and supervision

within agreed authorisation and limits

within established organisational framework, procedures and routines

Risk analysis methods, techniques and tools may include:

using personal experience and/or subject matter experts

assisting in qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development

using specialist risk analysis tool/s to assist in the decision making process

Others may include:

higher project authorities

project manager

project specialists or personnel

team members

Opportunities may include:

better means of achieving a result

changes in the project or broader environment that offer scope for rescheduling activities to better effect

efficiencies or methods to work more effectively, such as ways of shortening an activity

initial project activities that reveal entirely different sets of priorities for example, product development, research and policy development

responses to changing commercial/competitive conditions

Reviews may include evaluations of:

agreed major milestones, for example phases and sub-contracts

change of key personnel

delivery of major deliverables

finalisation of project and other agreed milestones

Records may include:

lists of potential risk events (risk register/log)

project and/or organisation files and records

risk analysis and reappraisal

risk diaries, incident logs, occurrence reports and other such documentation

risk management lessons learned

risk management plan