Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSRSK502 Mapping and Delivery Guide
Assess risks
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSRSK502 - Assess risks |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to examine the likelihood of financial risks and their consequences, and assess the organisation’s exposure to those risks.It applies to individuals who provide specialised knowledge, and who use systematic approaches to problem solving and make recommendations within organisational processes and procedures.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: Develop risk evaluation criteria |
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Element: Assess current exposure |
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Element: Compare exposure with guidelines |
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Element: Prepare probability assessment |
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Element: Communicate with relevant internal and external stakeholders |
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