Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

BSBPMG517 Mapping and Delivery Guide
Manage project risk

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency BSBPMG517 - Manage project risk
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to manage risks that may impact achievement of project objectives. It involves identifying, analysing, treating and monitoring project risks, and assessing risk management outcomes.It applies to individuals responsible for managing and leading a project in an organisation, business, or as a consultant.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Identify project risks
  • Determine risk objectives and standards, with input from stakeholders
  • Establish project risk context to inform risk management processes
  • Identify project risks using valid and reliable risk identification methods
  • . Classify project risks within agreed risk categories
       
Element: Analyse project risks
  • Determine risk analysis classification criteria and apply to agreed risk ranking system
  • Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities
  • Determine risk priorities in agreement with project client and other stakeholders
  • Document risk analysis outcomes for inclusion in risk register and risk management plan
       
Element: Establish risk treatments and controls
  • Identify and document existing risk controls
  • Consider and determine risk treatment options using agreed consultative methods
  • Record and implement agreed risk treatments
  • Update risk plans and allocate risk responsibilities to project team members
       
Element: Monitor and control project risks
  • Establish regular risk review processes to maintain currency of risk plans
  • Regularly monitor risk environment to identify changed circumstances impacting project risks
  • Determine risk responses to changed environment
  • Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls
       
Element: Assess risk management outcomes
  • Review project outcomes to determine effectiveness of risk-management processes and procedures
  • Identify and document risk management issues and recommended improvements for application to future projects
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify project risks

1.1 Determine risk objectives and standards, with input from stakeholders

1.2 Establish project risk context to inform risk management processes

1.3 Identify project risks using valid and reliable risk identification methods

1.4. Classify project risks within agreed risk categories

2. Analyse project risks

2.1 Determine risk analysis classification criteria and apply to agreed risk ranking system

2.2 Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities

2.3 Determine risk priorities in agreement with project client and other stakeholders

2.4 Document risk analysis outcomes for inclusion in risk register and risk management plan

3. Establish risk treatments and controls

3.1 Identify and document existing risk controls

3.2 Consider and determine risk treatment options using agreed consultative methods

3.3 Record and implement agreed risk treatments

3.4 Update risk plans and allocate risk responsibilities to project team members

4. Monitor and control project risks

4.1 Establish regular risk review processes to maintain currency of risk plans

4.2 Regularly monitor risk environment to identify changed circumstances impacting project risks

4.3 Determine risk responses to changed environment

4.4 Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls

5. Assess risk management outcomes

5.1 Review project outcomes to determine effectiveness of risk-management processes and procedures

5.2 Identify and document risk management issues and recommended improvements for application to future projects

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify project risks

1.1 Determine risk objectives and standards, with input from stakeholders

1.2 Establish project risk context to inform risk management processes

1.3 Identify project risks using valid and reliable risk identification methods

1.4. Classify project risks within agreed risk categories

2. Analyse project risks

2.1 Determine risk analysis classification criteria and apply to agreed risk ranking system

2.2 Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities

2.3 Determine risk priorities in agreement with project client and other stakeholders

2.4 Document risk analysis outcomes for inclusion in risk register and risk management plan

3. Establish risk treatments and controls

3.1 Identify and document existing risk controls

3.2 Consider and determine risk treatment options using agreed consultative methods

3.3 Record and implement agreed risk treatments

3.4 Update risk plans and allocate risk responsibilities to project team members

4. Monitor and control project risks

4.1 Establish regular risk review processes to maintain currency of risk plans

4.2 Regularly monitor risk environment to identify changed circumstances impacting project risks

4.3 Determine risk responses to changed environment

4.4 Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls

5. Assess risk management outcomes

5.1 Review project outcomes to determine effectiveness of risk-management processes and procedures

5.2 Identify and document risk management issues and recommended improvements for application to future projects

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Determine risk objectives and standards, with input from stakeholders 
Establish project risk context to inform risk management processes 
Identify project risks using valid and reliable risk identification methods 
. Classify project risks within agreed risk categories 
Determine risk analysis classification criteria and apply to agreed risk ranking system 
Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities 
Determine risk priorities in agreement with project client and other stakeholders 
Document risk analysis outcomes for inclusion in risk register and risk management plan 
Identify and document existing risk controls 
Consider and determine risk treatment options using agreed consultative methods 
Record and implement agreed risk treatments 
Update risk plans and allocate risk responsibilities to project team members 
Establish regular risk review processes to maintain currency of risk plans 
Regularly monitor risk environment to identify changed circumstances impacting project risks 
Determine risk responses to changed environment 
Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls 
Review project outcomes to determine effectiveness of risk-management processes and procedures 
Identify and document risk management issues and recommended improvements for application to future projects 

Forms

Assessment Cover Sheet

BSBPMG517 - Manage project risk
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBPMG517 - Manage project risk

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: