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Evidence Guide: MSMWHS510 - Manage 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

 

MSMWHS510 - Manage risk

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

Develop risk management plan

  1. Analyse and interpret strategic position and policy on risk management
  2. Identify risk management context and potential areas of risk
  3. Analyse organisational capability to manage risk and achieve objectives
  4. Generate a comprehensive list of risks that could affect the achievement of the organisation’s objectives
  5. Establish or review risk management policies
  6. Evaluate the requirement for training/education for all groups and individuals
  7. Access external specialist assistance as required
  8. Establish appropriate risk assessment techniques
  9. Consult stakeholders in the development of the plan
Analyse and interpret strategic position and policy on risk management

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risk management context and potential areas of risk

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse organisational capability to manage risk and achieve objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Generate a comprehensive list of risks that could affect the achievement of the organisation’s objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish or review risk management policies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate the requirement for training/education for all groups and individuals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access external specialist assistance as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish appropriate risk assessment techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult stakeholders in the development of the plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element

1

Develop risk management plan

1.1

Analyse and interpret strategic position and policy on risk management

1.2

Identify risk management context and potential areas of risk

1.3

Analyse organisational capability to manage risk and achieve objectives

1.4

Generate a comprehensive list of risks that could affect the achievement of the organisation’s objectives

1.5

Establish or review risk management policies

1.6

Evaluate the requirement for training/education for all groups and individuals

1.7

Access external specialist assistance as required

1.8

Establish appropriate risk assessment techniques

1.9

Consult stakeholders in the development of the plan

2

Implement risk management plan

2.1

Define, in consultation with stakeholders, the criteria used to evaluate the significance of risk

2.2

Evaluate and prioritise risks for treatment

2.3

Determine and select the most appropriate options for treating risks

2.4

Implement and monitor risk treatment plan

2.5

Document strategies for risk treatment options

3

Evaluate risk management plan

3.1

Establish procedures to regularly review risk management activities

3.2

Ensure stakeholders have input to the review

3.3

Examine activities that do not achieve their objective/performance outcomes to determine cause

3.4

Identify targets for improvement and update plan

3.5

Establish evaluation of risk management as a key component of all projects/activities

Required Skills and Knowledge

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element

1

Develop risk management plan

1.1

Analyse and interpret strategic position and policy on risk management

1.2

Identify risk management context and potential areas of risk

1.3

Analyse organisational capability to manage risk and achieve objectives

1.4

Generate a comprehensive list of risks that could affect the achievement of the organisation’s objectives

1.5

Establish or review risk management policies

1.6

Evaluate the requirement for training/education for all groups and individuals

1.7

Access external specialist assistance as required

1.8

Establish appropriate risk assessment techniques

1.9

Consult stakeholders in the development of the plan

2

Implement risk management plan

2.1

Define, in consultation with stakeholders, the criteria used to evaluate the significance of risk

2.2

Evaluate and prioritise risks for treatment

2.3

Determine and select the most appropriate options for treating risks

2.4

Implement and monitor risk treatment plan

2.5

Document strategies for risk treatment options

3

Evaluate risk management plan

3.1

Establish procedures to regularly review risk management activities

3.2

Ensure stakeholders have input to the review

3.3

Examine activities that do not achieve their objective/performance outcomes to determine cause

3.4

Identify targets for improvement and update plan

3.5

Establish evaluation of risk management as a key component of all projects/activities

Evidence required to demonstrate competence in this unit must be relevant to and satisfy the requirements of the elements and performance criteria and must include the ability to:

select and apply techniques to develop a risk management plan

identify and interpret information from a range of internal and external sources

communicate with a range of stakeholders to:

identify and assess impact

prioritise risks

develop and evaluate treatment options

evaluate risk management activities

evaluate organisational capability and identify training needs

plan, implement and monitor risk management activities

write reports, policies and procedures.

Must provide evidence that demonstrates knowledge relevant to their job sufficient to operate independently and to solve routine and non-routine problems, including:

regulatory framework

legal requirements for operating the business relevant to the area of responsibility

the legal implications of deeming identified risks as acceptable

internal or external audit methods

focus group processes

risk analysis processes

criteria for evaluation and prioritisation.

Range Statement

This field allows for different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Regulatory framework

The latest version of all legislation, regulations, industry codes of practice and Australian/international standards, or the version specified by the local regulatory authority, must be used, and include one or more of the following:

legislative requirements, including work health and safety (WHS)

industry codes of practice and guidelines

environmental regulations and guidelines

Australian and other standards

licence and certification requirements

AS/NZS ISO 31000:2009 Risk management - Principles and guidelines

award and organisation agreements and relevant industrial instruments

All operations to which this unit applies are subject to stringent HSE requirements, which may be imposed through state or federal legislation, and these must not be compromised at any time. Where there is an apparent conflict between performance criteria and HSE requirements, the HSE requirements take precedence.

Procedures

All operations must be performed in accordance with relevant procedures.

Procedures are written, verbal, visual, computer-based or in some other form, and include one or more of the following:

emergency procedures

work instructions

standard operating procedures (SOPs)

safe work method statements (SWMS)

formulas/recipes

batch sheets

temporary instructions

any similar instructions provided for the smooth running of the plant

External specialist assistance

External specialist assistance includes:

any group or individual who has the expertise to assist the organisation to deal with any event/incident which may occur

Risk

Risk includes one or more of the following:

injury or disease

environmental factors

product failure

financial/economic loss/failure

damage to property/plant/equipment

industrial disputes

professional incompetence

natural disasters

security failure, including criminal or terrorist activities

equipment/system failures

political events