Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSRSK501 Mapping and Delivery Guide
Undertake risk identification
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSRSK501 - Undertake risk identification |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to identify the financial risks faced by an organisation, evaluate existing risk controls and recommend improvements appropriate to mitigate the impact of those risks.It applies to individuals who use specialised knowledge, systematic approaches and analytical skills to monitor and manage information relevant to organisational activity.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. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the risk management field of work and include access to: office equipment, technology, software and consumables relevant legislation, regulations and codes of practice relevant Australian standards relating to risk management. Assessors must satisfy NVR/AQTF assessor requirements. |
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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 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Communicate with relevant internal and external stakeholders at each stage |
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Element: Identify and describe risk |
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Element: Identify and assess controls |
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