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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

  1. Establish risk context
  2. Identify risks
  3. Analyse risks
  4. Select and implement treatments

Required Skills

Required skills

communication and literacy skills to consult and negotiate to prepare communications about risk management and to encourage stakeholder involvement

organisational and management skills to plan and implement risk management processes

problemsolving and innovation skills to find practical ways to manage identified risks

Required knowledge

ASNZS Risk management

legislation codes of practice and national standards for example

duty of care

company law

contract law

environmental law

freedom of information

industrial relations law

privacy and confidentiality

legislation relevant to organisations operations

legislation relevant to operation as a business entity

organisational policies and procedures including

risk management strategy

policies and procedures for risk management

overall operations of organisation

reasonable adjustment in the workplace for people with a disability

types of available insurance and insurance providers

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

risk management plan which includes a detailed stakeholder analysis explanation of the risk context critical success factors identified and analysed risks and treatments for prioritised risks

details of monitoring arrangements for risk management plan and an evaluation of the risk management plans efficacy in treating risks

knowledge of relevant legislation codes of practice and national standards

Context of and specific resources for assessment

Assessment must ensure

access to workplace documentation

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples 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

observation of presentations

oral or written questioning to assess knowledge of risk management policies and procedures

review of documented critical success factors and goals or objectives for area

review of risks prioritised for treatment

evaluation of action plan for implementing risk treatment

evaluation of documentation communicating risk management processes to relevant parties

Guidance information for assessment

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

financial management units governance units human resource management units or technology units


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.

Risks may include those relating to:

commercial relationships

economic circumstances and scenarios

human behaviour

individual activities

legislation

management activities and controls

natural events

political circumstances

technology

Scope may apply to:

given project

specific business unit or area

specific functional such as:

financial management

OHS

governance

external environment

internal environment

whole organisation

Relevant parties may include:

all staff

internal and external stakeholders

senior management

specific teams or business units

technical experts

Research may include:

data or statistical information

information from other business areas

lessons learned from other projects or activities

market research

previous experience

public consultation

review of literature and other information sources

Tools and techniques may inlcude:

brainstorms

checklists

fishbone diagrams

flowcharts

scenario analysis

Likelihood may refer to:

probability of a given risk occurring, such as:

very likely

likely

possible

unlikely

rare

Impact or consequence may refer to:

significance of outcomes if the risk occurs, such as:

disastrous

severe

moderate impact

minimal impact

Evaluation of risks includes:

considering the likelihood of the risk occurring

considering the impact of the risk

determining which risks are most significant and are therefore priorities for treatment

Options may include:

avoiding the risk

changing the consequences

changing the likelihood

retaining the risk

sharing the risk with a third party

Action plans should include:

what actions are required

who is taking responsibility

time lines

monitoring processes