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

BSBPMG808 Mapping and Delivery Guide
Manage portfolio risk

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency BSBPMG808 - Manage portfolio risk
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to manage the risks within a portfolio. It covers the identification, analysis, monitoring and control of portfolio risks.A portfolio is the centralised management of one or more portfolios of projects, which includes identifying, prioritising, authorising, managing and controlling projects, programs and other related work, to achieve specific strategic business objectives.It applies to individuals who operate at the strategic level within the organisation. Unlike projects or programs, a portfolio does not have a finite life, instead it is a continuous process and requires regular tending to ensure the portfolio remains in balance and is consistent with the organisation’s strategic objectives.No licensing, legislative 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 portfolio risks
  • Establish and continuously review standards and procedures for portfolio risk management
  • Integrate the portfolio risk management approach with organisational risk management systems and strategies
  • Undertake analysis to determine the organisations risk appetite
  • Seek input about risks from stakeholders, executive management and other specialists
  • Identify external and internal threats and opportunities and assess their impact on the portfolio
       
Element: Analyse portfolio risks
  • Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure
  • Ensure that executive management determines the level of acceptable portfolio risk
  • Capture and review individual project/program risks on a regular basis to determine the potential impact on the organisation
  • Audit project and program risks regularly to monitor risk management performance and assess the portfolio risk profile
       
Element: Monitor and control portfolio risks
  • Implement and manage organisational risk reserves
  • Explore opportunities identified through risk analysis
  • Actively manage portfolio risks to minimise organisational impact
       


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 portfolio risks

1.1 Establish and continuously review standards and procedures for portfolio risk management

1.2 Integrate the portfolio risk management approach with organisational risk management systems and strategies

1.3 Undertake analysis to determine the organisations risk appetite

1.4 Seek input about risks from stakeholders, executive management and other specialists

1.5 Identify external and internal threats and opportunities and assess their impact on the portfolio

2. Analyse portfolio risks

2.1 Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure

2.2 Ensure that executive management determines the level of acceptable portfolio risk

2.3 Capture and review individual project/program risks on a regular basis to determine the potential impact on the organisation

2.4 Audit project and program risks regularly to monitor risk management performance and assess the portfolio risk profile

3. Monitor and control portfolio risks

3.1 Implement and manage organisational risk reserves

3.2 Explore opportunities identified through risk analysis

3.3 Actively manage portfolio risks to minimise organisational impact

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 portfolio risks

1.1 Establish and continuously review standards and procedures for portfolio risk management

1.2 Integrate the portfolio risk management approach with organisational risk management systems and strategies

1.3 Undertake analysis to determine the organisations risk appetite

1.4 Seek input about risks from stakeholders, executive management and other specialists

1.5 Identify external and internal threats and opportunities and assess their impact on the portfolio

2. Analyse portfolio risks

2.1 Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure

2.2 Ensure that executive management determines the level of acceptable portfolio risk

2.3 Capture and review individual project/program risks on a regular basis to determine the potential impact on the organisation

2.4 Audit project and program risks regularly to monitor risk management performance and assess the portfolio risk profile

3. Monitor and control portfolio risks

3.1 Implement and manage organisational risk reserves

3.2 Explore opportunities identified through risk analysis

3.3 Actively manage portfolio risks to minimise organisational impact

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
Establish and continuously review standards and procedures for portfolio risk management 
Integrate the portfolio risk management approach with organisational risk management systems and strategies 
Undertake analysis to determine the organisations risk appetite 
Seek input about risks from stakeholders, executive management and other specialists 
Identify external and internal threats and opportunities and assess their impact on the portfolio 
Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure 
Ensure that executive management determines the level of acceptable portfolio risk 
Capture and review individual project/program risks on a regular basis to determine the potential impact on the organisation 
Audit project and program risks regularly to monitor risk management performance and assess the portfolio risk profile 
Implement and manage organisational risk reserves 
Explore opportunities identified through risk analysis 
Actively manage portfolio risks to minimise organisational impact 

Forms

Assessment Cover Sheet

BSBPMG808 - Manage portfolio 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

BSBPMG808 - Manage portfolio 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: