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

BSBRSK501 Mapping and Delivery Guide
Manage risk

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency BSBRSK501 - Manage risk
Description
Employability Skills
Learning Outcomes and Application This unit describes skills and knowledge required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.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: Establish risk context
  • Review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards
  • Determine scope for risk management process
  • Identify internal and external stakeholders and their issues
  • Review political, economic, social, legal, technological and policy context
  • Review strengths and weaknesses of existing arrangements
  • Document critical success factors, goals or objectives for area included in scope
  • Obtain support for risk management activities
  • Communicate with relevant parties about the risk management process and invite participation
       
Element: Identify risks
  • Invite relevant parties to assist in the identification of risks
  • Research risks that may apply to scope
  • Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties
       
Element: Analyse risks
  • Assess likelihood of risks occurring
  • Assess impact or consequence if risks occur
  • Evaluate and prioritise risks for treatment
       
Element: Select and implement treatments
  • Determine and select most appropriate options for treating risks
  • Develop an action plan for implementing risk treatment
  • Communicate risk management processes to relevant parties
  • Ensure all documentation is in order and appropriately stored
  • Implement and monitor action plan
  • Evaluate risk management process
       


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. Establish risk context

1.1 Review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards

1.2 Determine scope for risk management process

1.3 Identify internal and external stakeholders and their issues

1.4 Review political, economic, social, legal, technological and policy context

1.5 Review strengths and weaknesses of existing arrangements

1.6 Document critical success factors, goals or objectives for area included in scope

1.7 Obtain support for risk management activities

1.8 Communicate with relevant parties about the risk management process and invite participation

2. Identify risks

2.1 Invite relevant parties to assist in the identification of risks

2.2 Research risks that may apply to scope

2.3 Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties

3. Analyse risks

3.1 Assess likelihood of risks occurring

3.2 Assess impact or consequence if risks occur

3.3 Evaluate and prioritise risks for treatment

4. Select and implement treatments

4.1 Determine and select most appropriate options for treating risks

4.2 Develop an action plan for implementing risk treatment

4.3 Communicate risk management processes to relevant parties

4.4 Ensure all documentation is in order and appropriately stored

4.5 Implement and monitor action plan

4.6 Evaluate risk management process

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. Establish risk context

1.1 Review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards

1.2 Determine scope for risk management process

1.3 Identify internal and external stakeholders and their issues

1.4 Review political, economic, social, legal, technological and policy context

1.5 Review strengths and weaknesses of existing arrangements

1.6 Document critical success factors, goals or objectives for area included in scope

1.7 Obtain support for risk management activities

1.8 Communicate with relevant parties about the risk management process and invite participation

2. Identify risks

2.1 Invite relevant parties to assist in the identification of risks

2.2 Research risks that may apply to scope

2.3 Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties

3. Analyse risks

3.1 Assess likelihood of risks occurring

3.2 Assess impact or consequence if risks occur

3.3 Evaluate and prioritise risks for treatment

4. Select and implement treatments

4.1 Determine and select most appropriate options for treating risks

4.2 Develop an action plan for implementing risk treatment

4.3 Communicate risk management processes to relevant parties

4.4 Ensure all documentation is in order and appropriately stored

4.5 Implement and monitor action plan

4.6 Evaluate risk management process

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
Review organisational processes, procedures and requirements for undertaking risk management in accordance with current risk management standards 
Determine scope for risk management process 
Identify internal and external stakeholders and their issues 
Review political, economic, social, legal, technological and policy context 
Review strengths and weaknesses of existing arrangements 
Document critical success factors, goals or objectives for area included in scope 
Obtain support for risk management activities 
Communicate with relevant parties about the risk management process and invite participation 
Invite relevant parties to assist in the identification of risks 
Research risks that may apply to scope 
Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties 
Assess likelihood of risks occurring 
Assess impact or consequence if risks occur 
Evaluate and prioritise risks for treatment 
Determine and select most appropriate options for treating risks 
Develop an action plan for implementing risk treatment 
Communicate risk management processes to relevant parties 
Ensure all documentation is in order and appropriately stored 
Implement and monitor action plan 
Evaluate risk management process 

Forms

Assessment Cover Sheet

BSBRSK501 - Manage 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

BSBRSK501 - Manage 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: