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Evidence Guide: BSBPMG517 - Manage project risk

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBPMG517 - Manage project risk

What evidence can you provide to prove your understanding of each of the following citeria?

Identify project risks

  1. Determine risk objectives and standards, with input from stakeholders
  2. Establish project risk context to inform risk management processes
  3. Identify project risks using valid and reliable risk identification methods
  4. . Classify project risks within agreed risk categories
Determine risk objectives and standards, with input from stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish project risk context to inform risk management processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify project risks using valid and reliable risk identification methods

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

. Classify project risks within agreed risk categories

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse project risks

  1. Determine risk analysis classification criteria and apply to agreed risk ranking system
  2. Use risk analysis processes, within delegated authority, to analyse and qualify risks, threats and opportunities
  3. Determine risk priorities in agreement with project client and other stakeholders
  4. Document risk analysis outcomes for inclusion in risk register and risk management plan
Determine risk analysis classification criteria and apply to agreed risk ranking system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine risk priorities in agreement with project client and other stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish risk treatments and controls

  1. Identify and document existing risk controls
  2. Consider and determine risk treatment options using agreed consultative methods
  3. Record and implement agreed risk treatments
  4. Update risk plans and allocate risk responsibilities to project team members
Identify and document existing risk controls

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider and determine risk treatment options using agreed consultative methods

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and implement agreed risk treatments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update risk plans and allocate risk responsibilities to project team members

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and control project risks

  1. Establish regular risk review processes to maintain currency of risk plans
  2. Regularly monitor risk environment to identify changed circumstances impacting project risks
  3. Determine risk responses to changed environment
  4. Implement agreed risk responses and modify plans to maintain currency of risk treatments and controls
Establish regular risk review processes to maintain currency of risk plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Regularly monitor risk environment to identify changed circumstances impacting project risks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine risk responses to changed environment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess risk management outcomes

  1. Review project outcomes to determine effectiveness of risk-management processes and procedures
  2. Identify and document risk management issues and recommended improvements for application to future projects
Review project outcomes to determine effectiveness of risk-management processes and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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

Required Skills and Knowledge

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