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Evidence Guide: BSBPMG808 - Manage portfolio 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

 

BSBPMG808 - Manage portfolio risk

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

Identify portfolio risks

  1. Establish and continuously review standards and procedures for portfolio risk management
  2. Integrate the portfolio risk management approach with organisational risk management systems and strategies
  3. Undertake analysis to determine the organisations risk appetite
  4. Seek input about risks from stakeholders, executive management and other specialists
  5. Identify external and internal threats and opportunities and assess their impact on the portfolio
Establish and continuously review standards and procedures for portfolio risk management

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake analysis to determine the organisations risk appetite

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse portfolio risks

  1. Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure
  2. Ensure that executive management determines the level of acceptable portfolio risk
  3. Capture and review individual project/program risks on a regular basis to determine the potential impact on the organisation
  4. Audit project and program risks regularly to monitor risk management performance and assess the portfolio risk profile
Capture results from project and program risks analysis to determine overall portfolio risk profile and organisational exposure

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure that executive management determines the level of acceptable portfolio risk

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and control portfolio risks

  1. Implement and manage organisational risk reserves
  2. Explore opportunities identified through risk analysis
  3. Actively manage portfolio risks to minimise organisational impact
Implement and manage organisational risk reserves

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explore opportunities identified through risk analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Actively manage portfolio risks to minimise organisational impact

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 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

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 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