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Elements and Performance Criteria

1. Direct planning of technical risk management
   • Direct potential, perceived and actual technical risks for identification, documentation and analysis, in consultation with managers and relevant stakeholders, as the basis for technical risk management planning
   • Select and modify risk management methods, techniques and tools for managers to analyse information, evaluate options and determine preferred risk approaches within the overall organisational environment
   • Direct the development, communication and implementation of risk management plans and strategies to ensure clarity of business objectives in accordance with technical regulatory framework requirements
   • Identify, develop and maintain the technical risk management system to enable effective management and communication of technical risk activities and outcomes, responses and results to relevant stakeholders
2. Direct management of technical risk and manage technical risk
   • Manage technical risk in accordance with agreed risk management plans and organisational procedures
   • Review progress, analyse variance and initiate risk responses to achieve objectives in changing environments
   • Identify and assign risk levels to planned technical outcomes to facilitate monitoring and authorisation of remedial actions
3. Assess technical risk management systems
   • Review and analyse technical risk management outcomes to assess the effectiveness of the risk management plan in maintaining the integrity of materiel
   • Aggregate and report lessons learned for feedback to managers and senior management for strategic review and future planning

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include: analysing data and information applying legislative, regulatory and organisational policies and procedures applying technical risk management and organisational procedures applying, monitoring and reporting on relevant implementation processes assessing technical risk management systems identifying, interpreting and analysing risk assessment requirements relevant to work being performed interpreting organisational role relevant to technical risk management plans modifying activities for variations in workplace context and environment planning and determining technical risk management plans planning, directing and managing technical risk working and communicating effectively with relevant stakeholders.

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Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of: implementation processes monitoring processes relevant legislation, regulations and organisational policies, guidance and procedures relevant risk management methodologies, capabilities, limitations, applicability and outcomes relevant technical risk management context in the materiel life cycle and other risk management functions relevant work content, risk, processes, tools and techniques that apply in the various phases of the materiel life cycle and the program cycle, and how these relate to business cycles, particularly financial cycles role of the technical regulatory framework and the organisation’s risk management plan.

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