Google Links

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

Elements and Performance Criteria

  1. Assess risk
  2. Prepare risk management plan
  3. Implement and review risk management plan

Required Skills

REQUIRED SKILLS AND KNOWLEDGE

This section describes the essential skills and knowledge and their level required for this unit

Skill requirements

Look for evidence that confirms skills in

analysing risks associated with procurement and contracting

interpreting complex formal documents

writing plans requiring reasoning and precision of expression

responding to diversity including gender and disability

applying occupational health and safety and environmental requirements in the context of contract risk management

Knowledge requirements

Look for evidence that confirms knowledge and understanding of

CommonwealthStateTerritory Government legislation policies practices and guidelines relating to contract risk management including environmental purchasing guidance

risk management procedures

probity principles and issues

risks associated with financial and accounting issues relevant to the contract

public sector legislation including occupational health and safety and environment

aspects of law of contracts trade practices law and commercial law relevant to contract risk management relating to complex procurement

equal employment opportunity equity and diversity principles

Evidence Required

The Evidence Guide specifies the evidence required to demonstrate achievement in the unit of competency as a whole It must be read in conjunction with the Unit descriptor Performance Criteria the Range Statement and the Assessment Guidelines for the Public Sector Training Package

Units to be assessed together

Prerequisite units that must be achieved prior to this unit Nil

Corequisite units that must be assessed with this unit Nil

Coassessed units that may be assessed with this unit to increase the efficiency and realism of the assessment process include but are not limited to

PSPETHCB Promote the values and ethos of public service

PSPETHC501B Promote the values and ethos of public service

PSPGOVB Undertake research and analysis

PSPGOV504B Undertake research and analysis

PSPGOVA Promote diversity

PSPGOV505A Promote diversity

PSPGOVA Provide leadership

PSPGOV511A Provide leadership

PSPGOVA Coordinate risk management

PSPGOV517A Coordinate risk management

PSPLEGNB Promote compliance with legislation in the public sector

PSPLEGN501B Promote compliance with legislation in the public sector

PSPPROCA Establish contract management arrangements

PSPPROC502A Establish contract management arrangements

PSPPROCA Manage contract performance

PSPPROC503A Manage contract performance

PSPPROCA Finalise contracts

PSPPROC504A Finalise contracts

Overview of evidence requirements

In addition to integrated demonstration of the elements and their related performance criteria look for evidence that confirms

the knowledge requirements of this unit

the skill requirements of this unit

application of the Employability Skills as they relate to this unit see Employability Summaries in Qualifications Framework

management of contract risk in a range of or more contexts or occasions over time

Resources required to carry out assessment

These resources include

legislation policy procedures and protocols relating to contract risk management

case studies and workplace scenarios to capture the range of contract risk situations likely to be encountered

Where and how to assess evidence

Valid assessment of this unit requires

a workplace environment or one that closely resembles normal work practice and replicates the range of conditions likely to be encountered when managing contract risk including coping with difficulties irregularities and breakdowns in routine

management of contract risk in a range of or more contexts or occasions over time

Assessment methods should reflect workplace demands such as literacy and the needs of particular groups such as

people with disabilities

people from culturally and linguistically diverse backgrounds

Aboriginal and Torres Strait Islander people

women

young people

older people

people in rural and remote locations

Assessment methods suitable for valid and reliable assessment of this competency may include but are not limited to a combination of or more of

case studies

portfolios

questioning

scenarios

authenticated evidence from the workplace andor training courses

For consistency of assessment

Evidence must be gathered over time in a range of contexts to ensure the person can achieve the unit outcome and apply the competency in different situations or environments


Range Statement

The Range Statement provides information about the context in which the unit of competency is carried out. The variables cater for differences between States and Territories and the Commonwealth, and between organisations and workplaces. They allow for different work requirements, work practices and knowledge. The Range Statement also provides a focus for assessment. It relates to the unit as a whole. Text in italics in the Performance Criteria is explained here.

Information sources used to assess risk may include

computer modelling

sensitivity analysis

structured interviews

statistical data

questionnaires

fault trees

analysis of consequences - loss of money, time, labour, intangibles

Legislation and policies may include

Commonwealth and State/Territory legislation including equal employment opportunity and anti-discrimination law

national and international codes of practice and standards

the organisation's policies and practices

government policy

codes of conduct

national competition policy

Risk ratings

differentiate between risks that have:

high impact/consequence/likelihood and those having

lowimpact/consequence/likelihood

Risk management is

a logical and systematic process of identifying, analysing, assessing, treating, and monitoring risks related with any strategy, plan, process, program or procedure that will enable the organisation to minimise losses and maximise opportunities

often considered in relation to an organisation's:

people

assets and physical environment

reputation and image

legal issues

business continuity

finances

stated outcomes

Risk controls may include

hierarchy of controls

aversion

risk mitigation

reduction in likelihood

reduction of consequences

transfer of responsibility

retention